| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.7B | $4.0B | $4.1B | -7.5% | -10.5% |
| Op. Income | $41M | $112M | $90M | -63.4% | -54.4% |
| Gross Margin | 10.5% | 10.6% | 11.2% | -0.1pp | -0.7pp |
| Net Margin | 2.8% | 13.2% | 6.7% | -10.5pp | -4.0pp |
| EPS (Diluted) | $0.43 | $2.14 | $1.07 | -79.9% | -59.8% |
| Free Cash Flow | $95M | $234M | -$127M | -59.4% | 174.8% |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | $388M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $347M |
| Other Expenses | $0 |
| Operating Expenses | $347M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $41M |
| Interest Income | $20M |
| Interest Expense | $37M |
| Other Income/Expenses | $81M |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $103M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $398M |
| EBIT | $159M |
| EBITDA | $557M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | $388M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $347M |
| Other Expenses | $0 |
| Operating Expenses | $347M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $41M |
| Interest Income | $20M |
| Interest Expense | $37M |
| Other Income/Expenses | $81M |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $103M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $398M |
| EBIT | $159M |
| EBITDA | $557M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $102M |
| Depreciation & Amortization | $398M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$38M |
| Other Non-Cash Items | $124M |
| Change in Working Capital | -$423M |
| OPERATING CASH FLOW | $163M |
| Capital Expenditure | -$68M |
| Acquisitions (Net) | -$22M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$192M |
| Net Debt Issuance | -$106M |
| Common Stock Repurchased | -$272M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | -$394M |
| FREE CASH FLOW | $95M |
| Net Change in Cash | -$463M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.2B |
| Short-Term Investments | $0 |
| Net Receivables | $3.7B |
| Inventory | $0 |
| Other Current Assets | $280M |
| TOTAL CURRENT ASSETS | $6.8B |
| PP&E (Net) | $3.2B |
| Goodwill | $582M |
| Intangible Assets | $3.1B |
| Long-Term Investments | $0 |
| Tax Assets | $210M |
| Other Non-Current Assets | $4.7B |
| TOTAL NON-CURRENT ASSETS | $11.8B |
| TOTAL ASSETS | $18.6B |
| Account Payables | $795M |
| Short-Term Debt | $637M |
| Deferred Revenue | $938M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $6.3B |
| Long-Term Debt | $3.6B |
| Deferred Revenue NC | $806M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $7.3B |
| TOTAL LIABILITIES | $13.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $9.7B |
| Retained Earnings | -$4.2B |
| Treasury Stock | -$183M |
| Accum. Other Comp. Income | -$563M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $324M |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $18.6B |
| Total Debt | $5.9B |
| Net Debt | $3.7B |
