| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $716M | $702M | $672M | 2.0% | 6.5% |
| Op. Income | $129M | $302M | $266M | -57.3% | -51.5% |
| Gross Margin | 85.9% | 85.0% | 85.3% | 0.9pp | 0.6pp |
| Net Margin | 16.8% | 28.8% | 28.9% | -12.0pp | -12.1pp |
| EPS (Diluted) | $0.20 | $0.34 | $0.33 | -41.2% | -39.4% |
| Free Cash Flow | $324M | $328M | $355M | -1.2% | -8.7% |
| Item | Amount |
|---|---|
| REVENUE | $716M |
| Cost of Revenue | $101M |
| GROSS PROFIT | $615M |
| R&D Expenses | $59M |
| Selling & Marketing | $156M |
| General & Administrative | $242M |
| SG&A Expenses | $398M |
| Other Expenses | $29M |
| Operating Expenses | $486M |
| Cost & Expenses | $587M |
| OPERATING INCOME | $129M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $96M |
| Income Tax Expense | -$24M |
| Net Income from Continuing Ops | $120M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $120M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $120M |
| D&A | $32M |
| EBIT | $127M |
| EBITDA | $159M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $716M |
| Cost of Revenue | $101M |
| GROSS PROFIT | $615M |
| R&D Expenses | $59M |
| Selling & Marketing | $156M |
| General & Administrative | $242M |
| SG&A Expenses | $398M |
| Other Expenses | $29M |
| Operating Expenses | $486M |
| Cost & Expenses | $587M |
| OPERATING INCOME | $129M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $96M |
| Income Tax Expense | -$24M |
| Net Income from Continuing Ops | $120M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $120M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $120M |
| D&A | $32M |
| EBIT | $127M |
| EBITDA | $159M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $120M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$65M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | $220M |
| OPERATING CASH FLOW | $326M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | $10M |
| Net Debt Issuance | -$150M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$73M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$217M |
| FREE CASH FLOW | $324M |
| Net Change in Cash | $116M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $4M |
| Net Receivables | $147M |
| Inventory | $0 |
| Other Current Assets | $115M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $134M |
| Goodwill | $2.9B |
| Intangible Assets | $1.0B |
| Long-Term Investments | $178M |
| Tax Assets | $351M |
| Other Non-Current Assets | $124M |
| TOTAL NON-CURRENT ASSETS | $4.7B |
| TOTAL ASSETS | $6.9B |
| Account Payables | $63M |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $1.3B |
| Other Current Liabilities | $530M |
| TOTAL CURRENT LIABILITIES | $3.1B |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $42M |
| Deferred Tax Liabilities | $75M |
| Other Non-Current Liabilities | $1.0B |
| TOTAL NON-CURRENT LIABILITIES | $4.0B |
| TOTAL LIABILITIES | $7.0B |
| Common Stock | $1.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$93M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$93M |
| TOTAL LIABILITIES & EQUITY | $6.9B |
| Total Debt | $3.8B |
| Net Debt | $1.9B |
