| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $483M | $486M | $386M | -0.6% | 25.3% |
| Op. Income | $109M | $105M | $91M | 3.8% | 20.4% |
| Gross Margin | 50.2% | 59.7% | 69.7% | -9.5pp | -19.5pp |
| Net Margin | 10.5% | 10.5% | 13.6% | 0.1pp | -3.1pp |
| EPS (Diluted) | $1.56 | $1.56 | $1.50 | 0.0% | 4.0% |
| Free Cash Flow | $272M | $259M | $143M | 5.0% | 89.4% |
| Item | Amount |
|---|---|
| REVENUE | $483M |
| Cost of Revenue | $241M |
| GROSS PROFIT | $243M |
| R&D Expenses | $0 |
| Selling & Marketing | $80M |
| General & Administrative | $37M |
| SG&A Expenses | $117M |
| Other Expenses | $16M |
| Operating Expenses | $133M |
| Cost & Expenses | $374M |
| OPERATING INCOME | $109M |
| Interest Income | $0 |
| Interest Expense | $43M |
| Other Income/Expenses | -$44M |
| INCOME BEFORE TAX | $66M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $11M |
| EBIT | $66M |
| EBITDA | $76M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $483M |
| Cost of Revenue | $241M |
| GROSS PROFIT | $243M |
| R&D Expenses | $0 |
| Selling & Marketing | $80M |
| General & Administrative | $37M |
| SG&A Expenses | $117M |
| Other Expenses | $16M |
| Operating Expenses | $133M |
| Cost & Expenses | $374M |
| OPERATING INCOME | $109M |
| Interest Income | $0 |
| Interest Expense | $43M |
| Other Income/Expenses | -$44M |
| INCOME BEFORE TAX | $66M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $11M |
| EBIT | $66M |
| EBITDA | $76M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $51M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $196M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | $282M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$195M |
| NET CASH FROM INVESTING | -$205M |
| Net Debt Issuance | $57M |
| Common Stock Repurchased | -$22M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $34M |
| FREE CASH FLOW | $272M |
| Net Change in Cash | $110M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $98M |
| Short-Term Investments | $0 |
| Net Receivables | $3.1B |
| Inventory | $0 |
| Other Current Assets | $191M |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $108M |
| Goodwill | $279M |
| Intangible Assets | $25M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $50M |
| TOTAL NON-CURRENT ASSETS | $462M |
| TOTAL ASSETS | $3.8B |
| Account Payables | $178M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $178M |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $108M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $259M |
| Retained Earnings | $1.4B |
| Treasury Stock | -$395M |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $2.3B |
| Net Debt | $2.2B |
