| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $710M | $864M | $1.3B | -17.9% | -44.6% |
| Op. Income | $464M | $623M | $797M | -25.6% | -41.8% |
| Gross Margin | 71.4% | 77.4% | 63.5% | -6.0pp | 7.8pp |
| Net Margin | 39.3% | 38.5% | 41.9% | 0.8pp | -2.6pp |
| EPS (Diluted) | $3.55 | $4.00 | $7.00 | -11.3% | -49.3% |
| Free Cash Flow | $530M | -$440M | $130M | 220.5% | 307.4% |
| Item | Amount |
|---|---|
| REVENUE | $710M |
| Cost of Revenue | $203M |
| GROSS PROFIT | $507M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $41M |
| Other Expenses | -$292.0K |
| Operating Expenses | $43M |
| Cost & Expenses | $246M |
| OPERATING INCOME | $464M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | $476M |
| Income Tax Expense | $81M |
| Net Income from Continuing Ops | $395M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $279M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $279M |
| D&A | $26M |
| EBIT | $464M |
| EBITDA | $490M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $710M |
| Cost of Revenue | $203M |
| GROSS PROFIT | $507M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $41M |
| Other Expenses | -$292.0K |
| Operating Expenses | $43M |
| Cost & Expenses | $246M |
| OPERATING INCOME | $464M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | $476M |
| Income Tax Expense | $81M |
| Net Income from Continuing Ops | $395M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $279M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $279M |
| D&A | $26M |
| EBIT | $464M |
| EBITDA | $490M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $279M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $31M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $122M |
| Change in Working Capital | $348M |
| OPERATING CASH FLOW | $807M |
| Capital Expenditure | -$277M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | -$269M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $60M |
| NET CASH FROM FINANCING | $60M |
| FREE CASH FLOW | $530M |
| Net Change in Cash | $610M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.1B |
| Short-Term Investments | $6M |
| Net Receivables | $791M |
| Inventory | $192M |
| Other Current Assets | $70M |
| TOTAL CURRENT ASSETS | $5.2B |
| PP&E (Net) | $2.9B |
| Goodwill | $0 |
| Intangible Assets | $80M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $36M |
| TOTAL NON-CURRENT ASSETS | $3.0B |
| TOTAL ASSETS | $8.2B |
| Account Payables | $97M |
| Short-Term Debt | $140M |
| Deferred Revenue | $185M |
| Other Current Liabilities | $519M |
| TOTAL CURRENT LIABILITIES | $941M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $160M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $106M |
| TOTAL NON-CURRENT LIABILITIES | $266M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $5.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.1B |
| Minority Interest | $1.9B |
| TOTAL EQUITY | $7.0B |
| TOTAL LIABILITIES & EQUITY | $8.2B |
| Total Debt | $140M |
| Net Debt | -$4.0B |
