| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.6B | $2.0B | $2.2B | 29.6% | 15.2% |
| Op. Income | $451M | $196M | $364M | 130.1% | 23.9% |
| Gross Margin | 32.4% | 28.7% | 32.3% | 3.7pp | 0.1pp |
| Net Margin | 11.5% | 4.8% | 11.7% | 6.7pp | -0.1pp |
| EPS (Diluted) | $0.99 | $0.32 | $0.86 | 209.4% | 15.1% |
| Free Cash Flow | $150M | $17M | $219M | 782.4% | -31.5% |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $834M |
| R&D Expenses | $21M |
| Selling & Marketing | $201M |
| General & Administrative | $161M |
| SG&A Expenses | $362M |
| Other Expenses | $0 |
| Operating Expenses | $383M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $451M |
| Interest Income | $1M |
| Interest Expense | $47M |
| Other Income/Expenses | -$61M |
| INCOME BEFORE TAX | $390M |
| Income Tax Expense | $93M |
| Net Income from Continuing Ops | $297M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $297M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $297M |
| D&A | $91M |
| EBIT | $437M |
| EBITDA | $528M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $834M |
| R&D Expenses | $21M |
| Selling & Marketing | $201M |
| General & Administrative | $161M |
| SG&A Expenses | $362M |
| Other Expenses | $0 |
| Operating Expenses | $383M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $451M |
| Interest Income | $1M |
| Interest Expense | $47M |
| Other Income/Expenses | -$61M |
| INCOME BEFORE TAX | $390M |
| Income Tax Expense | $93M |
| Net Income from Continuing Ops | $297M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $297M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $297M |
| D&A | $91M |
| EBIT | $437M |
| EBITDA | $528M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $297M |
| Depreciation & Amortization | $91M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $24M |
| Change in Working Capital | -$203M |
| OPERATING CASH FLOW | $227M |
| Capital Expenditure | -$77M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$78M |
| Net Debt Issuance | $45M |
| Common Stock Repurchased | -$41M |
| Common Dividends Paid | -$115M |
| Other Financing Activities | -$18M |
| NET CASH FROM FINANCING | -$127M |
| FREE CASH FLOW | $150M |
| Net Change in Cash | $21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $130M |
| Short-Term Investments | $0 |
| Net Receivables | $733M |
| Inventory | $1.4B |
| Other Current Assets | $80M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $2.3B |
| Goodwill | $4.0B |
| Intangible Assets | $3.2B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $401M |
| TOTAL NON-CURRENT ASSETS | $9.9B |
| TOTAL ASSETS | $12.2B |
| Account Payables | $1.4B |
| Short-Term Debt | $858M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $4.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.1B |
| Other Non-Current Liabilities | $603M |
| TOTAL NON-CURRENT LIABILITIES | $5.7B |
| TOTAL LIABILITIES | $8.7B |
| Common Stock | $12M |
| Additional Paid-In Capital | $375M |
| Retained Earnings | $4.2B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $2M |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $12.2B |
| Total Debt | $4.9B |
| Net Debt | $4.7B |
