| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $844M | $1.0B | $757M | -18.9% | 11.5% |
| Op. Income | $63M | $145M | $82M | -56.2% | -22.6% |
| Gross Margin | 41.6% | 42.9% | 43.4% | -1.3pp | -1.8pp |
| Net Margin | 5.4% | 9.9% | 7.3% | -4.5pp | -1.9pp |
| EPS (Diluted) | $0.29 | $0.66 | $0.35 | -56.1% | -17.1% |
| Free Cash Flow | -$80M | $243M | -$28M | -133.1% | -184.6% |
| Item | Amount |
|---|---|
| REVENUE | $844M |
| Cost of Revenue | $493M |
| GROSS PROFIT | $352M |
| R&D Expenses | $125M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $163M |
| Other Expenses | $0 |
| Operating Expenses | $288M |
| Cost & Expenses | $781M |
| OPERATING INCOME | $63M |
| Interest Income | $754.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $36M |
| EBIT | $64M |
| EBITDA | $100M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $844M |
| Cost of Revenue | $493M |
| GROSS PROFIT | $352M |
| R&D Expenses | $125M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $163M |
| Other Expenses | $0 |
| Operating Expenses | $288M |
| Cost & Expenses | $781M |
| OPERATING INCOME | $63M |
| Interest Income | $754.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $36M |
| EBIT | $64M |
| EBITDA | $100M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $46M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | -$766.0K |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$158M |
| OPERATING CASH FLOW | -$54M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | -$56M |
| Purchases of Investments | -$350M |
| Sales/Maturities of Investments | $51M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$381M |
| Net Debt Issuance | $399M |
| Common Stock Repurchased | -$275M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $135M |
| FREE CASH FLOW | -$80M |
| Net Change in Cash | -$304M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $460M |
| Net Receivables | $924M |
| Inventory | $458M |
| Other Current Assets | $72M |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $319M |
| Goodwill | $323M |
| Intangible Assets | $101M |
| Long-Term Investments | $89M |
| Tax Assets | $800M |
| Other Non-Current Assets | $105M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $4.9B |
| Account Payables | $310M |
| Short-Term Debt | $7M |
| Deferred Revenue | $125M |
| Other Current Liabilities | $150M |
| TOTAL CURRENT LIABILITIES | $760M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $61M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $160M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $2M |
| Additional Paid-In Capital | $6.6B |
| Retained Earnings | -$3.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $4.9B |
| Total Debt | $1.1B |
| Net Debt | $12M |
