| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $505M | $499M | $425M | 1.1% | 18.9% |
| Op. Income | $172M | $132M | $123M | 30.0% | 40.1% |
| Gross Margin | 55.0% | 51.5% | 51.2% | 3.5pp | 3.8pp |
| Net Margin | 27.1% | 20.9% | 25.3% | 6.2pp | 1.8pp |
| EPS (Diluted) | $3.52 | $2.69 | $2.79 | 30.9% | 26.2% |
| Free Cash Flow | $89M | $136M | $64M | -34.9% | 37.8% |
| Item | Amount |
|---|---|
| REVENUE | $505M |
| Cost of Revenue | $227M |
| GROSS PROFIT | $278M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $106M |
| Other Expenses | $0 |
| Operating Expenses | $106M |
| Cost & Expenses | $333M |
| OPERATING INCOME | $172M |
| Interest Income | $2M |
| Interest Expense | $17M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $158M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $137M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $137M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $137M |
| D&A | $36M |
| EBIT | $174M |
| EBITDA | $210M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $505M |
| Cost of Revenue | $227M |
| GROSS PROFIT | $278M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $106M |
| Other Expenses | $0 |
| Operating Expenses | $106M |
| Cost & Expenses | $333M |
| OPERATING INCOME | $172M |
| Interest Income | $2M |
| Interest Expense | $17M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $158M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $137M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $137M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $137M |
| D&A | $36M |
| EBIT | $174M |
| EBITDA | $210M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $137M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$745.0K |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$76M |
| OPERATING CASH FLOW | $107M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$28M |
| Net Debt Issuance | -$125M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$34M |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$146M |
| FREE CASH FLOW | $89M |
| Net Change in Cash | -$66M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $437M |
| Short-Term Investments | $33M |
| Net Receivables | $227M |
| Inventory | $0 |
| Other Current Assets | $100M |
| TOTAL CURRENT ASSETS | $829M |
| PP&E (Net) | $233M |
| Goodwill | $975M |
| Intangible Assets | $1.9B |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $53M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $4.0B |
| Account Payables | $120M |
| Short-Term Debt | $0 |
| Deferred Revenue | $150M |
| Other Current Liabilities | $65M |
| TOTAL CURRENT LIABILITIES | $384M |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $9M |
| Deferred Tax Liabilities | $11M |
| Other Non-Current Liabilities | $39M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $418.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $1.3B |
| Treasury Stock | -$942M |
| Accum. Other Comp. Income | -$93M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $4.0B |
| Total Debt | $2.1B |
| Net Debt | $1.7B |
