| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.1B | -1.2% | 2.0% |
| Op. Income | $145M | $128M | $134M | 13.6% | 8.4% |
| Gross Margin | 34.0% | 34.9% | 35.8% | -0.9pp | -1.8pp |
| Net Margin | 9.7% | 8.1% | 9.0% | 1.6pp | 0.7pp |
| EPS (Diluted) | $0.57 | $0.48 | $0.51 | 18.7% | 11.8% |
| Free Cash Flow | -$47M | $214M | -$132M | -122.2% | 64.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $719M |
| GROSS PROFIT | $370M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $216M |
| Other Expenses | $9M |
| Operating Expenses | $225M |
| Cost & Expenses | $944M |
| OPERATING INCOME | $145M |
| Interest Income | $5M |
| Interest Expense | $15M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $138M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $106M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $106M |
| D&A | $27M |
| EBIT | $153M |
| EBITDA | $180M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $719M |
| GROSS PROFIT | $370M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $216M |
| Other Expenses | $9M |
| Operating Expenses | $225M |
| Cost & Expenses | $944M |
| OPERATING INCOME | $145M |
| Interest Income | $5M |
| Interest Expense | $15M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $138M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $106M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $106M |
| D&A | $27M |
| EBIT | $153M |
| EBITDA | $180M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $106M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $25M |
| Change in Working Capital | -$191M |
| OPERATING CASH FLOW | -$34M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | -$673.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$20M |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | $19M |
| Common Stock Repurchased | -$30M |
| Common Dividends Paid | -$25M |
| Other Financing Activities | -$21M |
| NET CASH FROM FINANCING | -$41M |
| FREE CASH FLOW | -$47M |
| Net Change in Cash | -$94M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $552M |
| Short-Term Investments | $0 |
| Net Receivables | $1.0B |
| Inventory | $0 |
| Other Current Assets | $58M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $367M |
| Goodwill | $1.7B |
| Intangible Assets | $80M |
| Long-Term Investments | $0 |
| Tax Assets | $131M |
| Other Non-Current Assets | $507M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $4.5B |
| Account Payables | $23M |
| Short-Term Debt | $206M |
| Deferred Revenue | $147M |
| Other Current Liabilities | $308M |
| TOTAL CURRENT LIABILITIES | $945M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $52M |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $148M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $831M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$702M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $4.5B |
| Total Debt | $1.7B |
| Net Debt | $1.2B |
