| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $736M | $1.2B | $561M | -38.0% | 31.2% |
| Op. Income | $81M | $293M | $55M | -72.3% | 48.8% |
| Gross Margin | 48.7% | 52.3% | 53.2% | -3.6pp | -4.5pp |
| Net Margin | 9.4% | 19.6% | 6.0% | -10.3pp | 3.4pp |
| EPS (Diluted) | $0.42 | $1.40 | $0.20 | -70.2% | 112.7% |
| Free Cash Flow | -$65M | $385M | $63M | -116.8% | -202.7% |
| Item | Amount |
|---|---|
| REVENUE | $736M |
| Cost of Revenue | $377M |
| GROSS PROFIT | $359M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $277M |
| Other Expenses | $0 |
| Operating Expenses | $277M |
| Cost & Expenses | $655M |
| OPERATING INCOME | $81M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $82M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $69M |
| D&A | $12M |
| EBIT | $82M |
| EBITDA | $93M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $736M |
| Cost of Revenue | $377M |
| GROSS PROFIT | $359M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $277M |
| Other Expenses | $0 |
| Operating Expenses | $277M |
| Cost & Expenses | $655M |
| OPERATING INCOME | $81M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $82M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $69M |
| D&A | $12M |
| EBIT | $82M |
| EBITDA | $93M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $69M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$24M |
| Other Non-Cash Items | $380.0K |
| Change in Working Capital | -$121M |
| OPERATING CASH FLOW | -$55M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $8.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $8.0K |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$90M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$89M |
| FREE CASH FLOW | -$65M |
| Net Change in Cash | -$155M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $844M |
| Short-Term Investments | $0 |
| Net Receivables | $332M |
| Inventory | $507M |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $405M |
| Goodwill | $14M |
| Intangible Assets | $40M |
| Long-Term Investments | $0 |
| Tax Assets | $64M |
| Other Non-Current Assets | $57M |
| TOTAL NON-CURRENT ASSETS | $580M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $327M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $542M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $80M |
| TOTAL NON-CURRENT LIABILITIES | $252M |
| TOTAL LIABILITIES | $793M |
| Common Stock | $270.0K |
| Additional Paid-In Capital | $211M |
| Retained Earnings | $1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $222M |
| Net Debt | -$621M |
