| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $707M | $716M | $686M | -1.3% | 3.1% |
| Op. Income | $261M | $129M | $287M | 102.3% | -9.1% |
| Gross Margin | 85.6% | 85.9% | 85.1% | -0.3pp | 0.4pp |
| Net Margin | 28.3% | 16.8% | 26.4% | 11.5pp | 1.9pp |
| EPS (Diluted) | $0.33 | $0.20 | $0.31 | 65.0% | 6.5% |
| Free Cash Flow | $213M | $324M | $257M | -34.3% | -17.1% |
| Item | Amount |
|---|---|
| REVENUE | $707M |
| Cost of Revenue | $102M |
| GROSS PROFIT | $605M |
| R&D Expenses | $61M |
| Selling & Marketing | $156M |
| General & Administrative | $104M |
| SG&A Expenses | $260M |
| Other Expenses | $23M |
| Operating Expenses | $344M |
| Cost & Expenses | $446M |
| OPERATING INCOME | $261M |
| Interest Income | $2M |
| Interest Expense | $31M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | $229M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $200M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $200M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $200M |
| D&A | $29M |
| EBIT | $260M |
| EBITDA | $289M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $707M |
| Cost of Revenue | $102M |
| GROSS PROFIT | $605M |
| R&D Expenses | $61M |
| Selling & Marketing | $156M |
| General & Administrative | $104M |
| SG&A Expenses | $260M |
| Other Expenses | $23M |
| Operating Expenses | $344M |
| Cost & Expenses | $446M |
| OPERATING INCOME | $261M |
| Interest Income | $2M |
| Interest Expense | $31M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | $229M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $200M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $200M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $200M |
| D&A | $29M |
| EBIT | $260M |
| EBITDA | $289M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $200M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | -$32M |
| Other Non-Cash Items | -$22M |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | $215M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | -$410M |
| Common Stock Repurchased | -$300M |
| Common Dividends Paid | -$81M |
| Other Financing Activities | -$16M |
| NET CASH FROM FINANCING | -$807M |
| FREE CASH FLOW | $213M |
| Net Change in Cash | -$596M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $0 |
| Net Receivables | $121M |
| Inventory | $0 |
| Other Current Assets | $104M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $126M |
| Goodwill | $2.9B |
| Intangible Assets | $993M |
| Long-Term Investments | $178M |
| Tax Assets | $344M |
| Other Non-Current Assets | $116M |
| TOTAL NON-CURRENT ASSETS | $4.6B |
| TOTAL ASSETS | $6.2B |
| Account Payables | $71M |
| Short-Term Debt | $633M |
| Deferred Revenue | $1.2B |
| Other Current Liabilities | $541M |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $37M |
| Deferred Tax Liabilities | $63M |
| Other Non-Current Liabilities | $1.0B |
| TOTAL NON-CURRENT LIABILITIES | $3.9B |
| TOTAL LIABILITIES | $6.5B |
| Common Stock | $1.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$44M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$299M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$299M |
| TOTAL LIABILITIES & EQUITY | $6.2B |
| Total Debt | $3.4B |
| Net Debt | $2.1B |
