| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $612M | $820M | $681M | -25.4% | -10.1% |
| Op. Income | $56M | $81M | $51M | -30.9% | 9.8% |
| Gross Margin | 21.9% | 18.7% | 20.0% | 3.2pp | 1.9pp |
| Net Margin | 5.9% | 7.1% | 4.3% | -1.2pp | 1.6pp |
| EPS (Diluted) | $0.25 | $0.40 | $0.20 | -37.5% | 25.0% |
| Free Cash Flow | -$268M | $271M | -$262M | -198.9% | -2.3% |
| Item | Amount |
|---|---|
| REVENUE | $612M |
| Cost of Revenue | $478M |
| GROSS PROFIT | $134M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $76M |
| SG&A Expenses | $76M |
| Other Expenses | $2M |
| Operating Expenses | $78M |
| Cost & Expenses | $556M |
| OPERATING INCOME | $56M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $15M |
| EBIT | $56M |
| EBITDA | $71M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $612M |
| Cost of Revenue | $478M |
| GROSS PROFIT | $134M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $76M |
| SG&A Expenses | $76M |
| Other Expenses | $2M |
| Operating Expenses | $78M |
| Cost & Expenses | $556M |
| OPERATING INCOME | $56M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $15M |
| EBIT | $56M |
| EBITDA | $71M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $36M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $11M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$317M |
| OPERATING CASH FLOW | -$255M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $141M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $141M |
| FREE CASH FLOW | -$268M |
| Net Change in Cash | -$127M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $113M |
| Short-Term Investments | $0 |
| Net Receivables | $953M |
| Inventory | $231M |
| Other Current Assets | $202M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $367M |
| Goodwill | $954M |
| Intangible Assets | $50M |
| Long-Term Investments | $0 |
| Tax Assets | $48M |
| Other Non-Current Assets | $97M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $3.0B |
| Account Payables | $248M |
| Short-Term Debt | $186M |
| Deferred Revenue | $172M |
| Other Current Liabilities | $237M |
| TOTAL CURRENT LIABILITIES | $923M |
| Long-Term Debt | $354M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $58M |
| TOTAL NON-CURRENT LIABILITIES | $475M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $4.6B |
| Retained Earnings | -$2.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$52M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $629M |
| Net Debt | $516M |
