| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $967M | $1.0B | $1.0B | -7.7% | -5.9% |
| Op. Income | $109M | $110M | $115M | -0.9% | -5.2% |
| Gross Margin | 21.9% | 23.4% | 23.4% | -1.5pp | -1.5pp |
| Net Margin | 14.1% | -3.8% | -1.1% | 17.9pp | 15.1pp |
| EPS (Diluted) | $0.61 | $-0.20 | $-0.05 | 405.0% | 1277.6% |
| Free Cash Flow | -$39M | $57M | -$32M | -168.4% | -21.9% |
| Item | Amount |
|---|---|
| REVENUE | $967M |
| Cost of Revenue | $755M |
| GROSS PROFIT | $212M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $102M |
| Operating Expenses | $103M |
| Cost & Expenses | $858M |
| OPERATING INCOME | $109M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | $101M |
| INCOME BEFORE TAX | $210M |
| Income Tax Expense | $74M |
| Net Income from Continuing Ops | $136M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $136M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $134M |
| D&A | $61M |
| EBIT | $47M |
| EBITDA | $108M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $967M |
| Cost of Revenue | $755M |
| GROSS PROFIT | $212M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $102M |
| Operating Expenses | $103M |
| Cost & Expenses | $858M |
| OPERATING INCOME | $109M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | $101M |
| INCOME BEFORE TAX | $210M |
| Income Tax Expense | $74M |
| Net Income from Continuing Ops | $136M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $136M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $134M |
| D&A | $61M |
| EBIT | $47M |
| EBITDA | $108M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $136M |
| Depreciation & Amortization | $61M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $31M |
| Other Non-Cash Items | -$163M |
| Change in Working Capital | -$56M |
| OPERATING CASH FLOW | $11M |
| Capital Expenditure | -$50M |
| Acquisitions (Net) | $323M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$16M |
| NET CASH FROM INVESTING | $273M |
| Net Debt Issuance | -$108M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$110M |
| FREE CASH FLOW | -$39M |
| Net Change in Cash | $173M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $588M |
| Short-Term Investments | $0 |
| Net Receivables | $845M |
| Inventory | $0 |
| Other Current Assets | $89M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $491M |
| Goodwill | $1.3B |
| Intangible Assets | $325M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $185M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $4.0B |
| Account Payables | $189M |
| Short-Term Debt | $30M |
| Deferred Revenue | $75M |
| Other Current Liabilities | $228M |
| TOTAL CURRENT LIABILITIES | $926M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $47M |
| Deferred Tax Liabilities | $102M |
| Other Non-Current Liabilities | $186M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.9B |
| Retained Earnings | -$2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$435M |
| Other Equity | -$142M |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $4.0B |
| Total Debt | $1.6B |
| Net Debt | $965M |
