| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.6B | $5.1B | $6.8B | -9.0% | -32.3% |
| Op. Income | $161M | $164M | $345M | -1.8% | -53.4% |
| Gross Margin | 6.6% | 6.7% | 7.2% | -0.2pp | -0.7pp |
| Net Margin | 2.5% | 1.9% | 4.0% | 0.6pp | -1.5pp |
| EPS (Diluted) | $0.96 | $0.80 | $2.05 | 20.0% | -53.2% |
| Free Cash Flow | $228M | $746M | -$40M | -69.5% | 666.8% |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $303M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $142M |
| Other Expenses | $0 |
| Operating Expenses | $142M |
| Cost & Expenses | $4.5B |
| OPERATING INCOME | $161M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | $133M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $115M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $115M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $115M |
| D&A | $24M |
| EBIT | $161M |
| EBITDA | $185M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $303M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $142M |
| Other Expenses | $0 |
| Operating Expenses | $142M |
| Cost & Expenses | $4.5B |
| OPERATING INCOME | $161M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | $133M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $115M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $115M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $115M |
| D&A | $24M |
| EBIT | $161M |
| EBITDA | $185M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $115M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | $123M |
| OPERATING CASH FLOW | $255M |
| Capital Expenditure | -$27M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$16M |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | -$101M |
| Common Stock Repurchased | -$31M |
| Common Dividends Paid | -$73M |
| Other Financing Activities | -$375.0K |
| NET CASH FROM FINANCING | -$206M |
| FREE CASH FLOW | $228M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $239M |
| Short-Term Investments | $0 |
| Net Receivables | $2.9B |
| Inventory | $0 |
| Other Current Assets | $122M |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $518M |
| Goodwill | $1.5B |
| Intangible Assets | $58M |
| Long-Term Investments | $0 |
| Tax Assets | $191M |
| Other Non-Current Assets | $123M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $5.6B |
| Account Payables | $1.4B |
| Short-Term Debt | $953M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $108M |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $920M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $15M |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $12M |
| Additional Paid-In Capital | $730M |
| Retained Earnings | $5.6B |
| Treasury Stock | -$4.9B |
| Accum. Other Comp. Income | -$86M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $5.6B |
| Total Debt | $2.2B |
| Net Debt | $2.0B |
