| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $2.1B | $1.9B | -6.7% | 6.1% |
| Op. Income | $196M | $294M | $232M | -33.3% | -15.5% |
| Gross Margin | 28.7% | 31.2% | 31.3% | -2.5pp | -2.6pp |
| Net Margin | 4.8% | 8.8% | 15.4% | -4.0pp | -10.5pp |
| EPS (Diluted) | $0.32 | $0.62 | $0.95 | -48.4% | -66.3% |
| Free Cash Flow | $17M | $285M | $69M | -94.0% | -75.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $571M |
| R&D Expenses | $23M |
| Selling & Marketing | $179M |
| General & Administrative | $163M |
| SG&A Expenses | $342M |
| Other Expenses | $10M |
| Operating Expenses | $375M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $196M |
| Interest Income | $0 |
| Interest Expense | $45M |
| Other Income/Expenses | -$71M |
| INCOME BEFORE TAX | $125M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $96M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $96M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $96M |
| D&A | $86M |
| EBIT | $170M |
| EBITDA | $256M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $571M |
| R&D Expenses | $23M |
| Selling & Marketing | $179M |
| General & Administrative | $163M |
| SG&A Expenses | $342M |
| Other Expenses | $10M |
| Operating Expenses | $375M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $196M |
| Interest Income | $0 |
| Interest Expense | $45M |
| Other Income/Expenses | -$71M |
| INCOME BEFORE TAX | $125M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $96M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $96M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $96M |
| D&A | $86M |
| EBIT | $170M |
| EBITDA | $256M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $96M |
| Depreciation & Amortization | $86M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$18M |
| Other Non-Cash Items | $53M |
| Change in Working Capital | -$150M |
| OPERATING CASH FLOW | $80M |
| Capital Expenditure | -$63M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$62M |
| Net Debt Issuance | $55M |
| Common Stock Repurchased | -$51M |
| Common Dividends Paid | -$111M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$105M |
| FREE CASH FLOW | $17M |
| Net Change in Cash | -$87M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $109M |
| Short-Term Investments | $0 |
| Net Receivables | $541M |
| Inventory | $1.2B |
| Other Current Assets | $67M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $2.6B |
| Goodwill | $4.0B |
| Intangible Assets | $3.2B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $170M |
| TOTAL NON-CURRENT ASSETS | $9.9B |
| TOTAL ASSETS | $11.9B |
| Account Payables | $1.3B |
| Short-Term Debt | $800M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $250M |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $4.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.1B |
| Other Non-Current Liabilities | $427M |
| TOTAL NON-CURRENT LIABILITIES | $5.7B |
| TOTAL LIABILITIES | $8.6B |
| Common Stock | $12M |
| Additional Paid-In Capital | $415M |
| Retained Earnings | $4.0B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $2M |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $11.9B |
| Total Debt | $5.0B |
| Net Debt | $4.9B |
