| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.8B | $6.5B | $4.8B | 4.8% | 41.9% |
| Op. Income | $345M | $287M | $223M | 20.2% | 54.7% |
| Gross Margin | 7.2% | 6.7% | 7.1% | 0.5pp | 0.1pp |
| Net Margin | 4.0% | 3.5% | 3.6% | 0.4pp | 0.4pp |
| EPS (Diluted) | $2.05 | $1.74 | $1.28 | 17.8% | 60.2% |
| Free Cash Flow | -$40M | $57M | -$70M | -169.8% | 42.8% |
| Item | Amount |
|---|---|
| REVENUE | $6.8B |
| Cost of Revenue | $6.3B |
| GROSS PROFIT | $493M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $147M |
| Other Expenses | $0 |
| Operating Expenses | $147M |
| Cost & Expenses | $6.5B |
| OPERATING INCOME | $345M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $331M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $270M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $270M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $270M |
| D&A | $22M |
| EBIT | $345M |
| EBITDA | $368M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $6.8B |
| Cost of Revenue | $6.3B |
| GROSS PROFIT | $493M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $147M |
| Other Expenses | $0 |
| Operating Expenses | $147M |
| Cost & Expenses | $6.5B |
| OPERATING INCOME | $345M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $331M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $270M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $270M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $270M |
| D&A | $22M |
| EBIT | $345M |
| EBITDA | $368M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $270M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$325M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | $247M |
| Common Stock Repurchased | -$161M |
| Common Dividends Paid | -$73M |
| Other Financing Activities | $25M |
| NET CASH FROM FINANCING | $22M |
| FREE CASH FLOW | -$40M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $243M |
| Short-Term Investments | $0 |
| Net Receivables | $4.9B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.3B |
| PP&E (Net) | $437M |
| Goodwill | $1.5B |
| Intangible Assets | $84M |
| Long-Term Investments | $0 |
| Tax Assets | $129M |
| Other Non-Current Assets | $103M |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $7.5B |
| Account Payables | $2.0B |
| Short-Term Debt | $572M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $122M |
| TOTAL CURRENT LIABILITIES | $3.5B |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $17M |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $5.4B |
| Common Stock | $13M |
| Additional Paid-In Capital | $681M |
| Retained Earnings | $5.1B |
| Treasury Stock | -$3.7B |
| Accum. Other Comp. Income | -$54M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $7.5B |
| Total Debt | $2.5B |
| Net Debt | $2.2B |
