| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.3B | $7.7B | $6.9B | -5.1% | 6.1% |
| Op. Income | $420M | $618M | $732M | -32.1% | -42.6% |
| Gross Margin | 30.5% | 31.0% | 33.9% | -0.4pp | -3.4pp |
| Net Margin | 4.1% | 5.9% | 7.8% | -1.8pp | -3.7pp |
| EPS (Diluted) | $1.35 | $2.04 | $2.37 | -33.8% | -43.0% |
| Free Cash Flow | $399M | $553M | $282M | -27.8% | 41.5% |
| Item | Amount |
|---|---|
| REVENUE | $7.3B |
| Cost of Revenue | $5.1B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.8B |
| Other Expenses | $0 |
| Operating Expenses | $1.8B |
| Cost & Expenses | $6.9B |
| OPERATING INCOME | $420M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $394M |
| Income Tax Expense | $95M |
| Net Income from Continuing Ops | $299M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $299M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $299M |
| D&A | $196M |
| EBIT | $420M |
| EBITDA | $616M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $7.3B |
| Cost of Revenue | $5.1B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.8B |
| Other Expenses | $0 |
| Operating Expenses | $1.8B |
| Cost & Expenses | $6.9B |
| OPERATING INCOME | $420M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $394M |
| Income Tax Expense | $95M |
| Net Income from Continuing Ops | $299M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $299M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $299M |
| D&A | $196M |
| EBIT | $420M |
| EBITDA | $616M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $299M |
| Depreciation & Amortization | $196M |
| Stock-Based Compensation | $28M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $36M |
| Change in Working Capital | $189M |
| OPERATING CASH FLOW | $752M |
| Capital Expenditure | -$353M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$350M |
| NET CASH FROM INVESTING | -$353M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$143M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$24M |
| NET CASH FROM FINANCING | -$168M |
| FREE CASH FLOW | $399M |
| Net Change in Cash | $231M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $873M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $5.1B |
| Other Current Assets | $283M |
| TOTAL CURRENT ASSETS | $6.3B |
| PP&E (Net) | $11.6B |
| Goodwill | $2.0B |
| Intangible Assets | $3.1B |
| Long-Term Investments | $0 |
| Tax Assets | $14M |
| Other Non-Current Assets | $129M |
| TOTAL NON-CURRENT ASSETS | $16.8B |
| TOTAL ASSETS | $23.1B |
| Account Payables | $1.6B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $943M |
| TOTAL CURRENT LIABILITIES | $4.1B |
| Long-Term Debt | $3.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.1B |
| Other Non-Current Liabilities | $268M |
| TOTAL NON-CURRENT LIABILITIES | $10.1B |
| TOTAL LIABILITIES | $14.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $520M |
| Retained Earnings | $8.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$44M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.9B |
| TOTAL LIABILITIES & EQUITY | $23.1B |
| Total Debt | $10.1B |
| Net Debt | $9.3B |
