| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $971M | $844M | 8.8% | 25.1% |
| Op. Income | $92M | $91M | $63M | 1.3% | 45.0% |
| Gross Margin | 40.3% | 41.2% | 41.6% | -0.9pp | -1.3pp |
| Net Margin | 7.2% | 5.9% | 5.4% | 1.3pp | 1.8pp |
| EPS (Diluted) | $0.51 | $0.39 | $0.29 | 30.8% | 75.9% |
| Free Cash Flow | -$296M | -$38M | -$80M | -669.6% | -268.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $630M |
| GROSS PROFIT | $426M |
| R&D Expenses | $160M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $175M |
| Other Expenses | $0 |
| Operating Expenses | $334M |
| Cost & Expenses | $964M |
| OPERATING INCOME | $92M |
| Interest Income | $7M |
| Interest Expense | $16M |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $101M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $76M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $76M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $76M |
| D&A | $33M |
| EBIT | $117M |
| EBITDA | $150M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $630M |
| GROSS PROFIT | $426M |
| R&D Expenses | $160M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $175M |
| Other Expenses | $0 |
| Operating Expenses | $334M |
| Cost & Expenses | $964M |
| OPERATING INCOME | $92M |
| Interest Income | $7M |
| Interest Expense | $16M |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $101M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $76M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $76M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $76M |
| D&A | $33M |
| EBIT | $117M |
| EBITDA | $150M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $76M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $31M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$392M |
| OPERATING CASH FLOW | -$266M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | -$230M |
| Purchases of Investments | -$39M |
| Sales/Maturities of Investments | $123M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$176M |
| Net Debt Issuance | $495M |
| Common Stock Repurchased | -$13M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $492M |
| FREE CASH FLOW | -$296M |
| Net Change in Cash | $60M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $100M |
| Net Receivables | $1.2B |
| Inventory | $1.2B |
| Other Current Assets | $73M |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $327M |
| Goodwill | $447M |
| Intangible Assets | $245M |
| Long-Term Investments | $3M |
| Tax Assets | $797M |
| Other Non-Current Assets | $91M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $5.7B |
| Account Payables | $478M |
| Short-Term Debt | $12M |
| Deferred Revenue | $165M |
| Other Current Liabilities | $276M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $67M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $157M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $6.4B |
| Retained Earnings | -$3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$29M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $1.6B |
| Net Debt | $573M |
