| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | — | $1.3B | — | -16.1% |
| Op. Income | $274M | — | $294M | — | -6.8% |
| Gross Margin | 35.1% | — | 30.6% | — | 4.5pp |
| Net Margin | 20.4% | — | 18.2% | — | 2.2pp |
| EPS (Diluted) | $2.28 | — | $1.64 | — | 39.0% |
| Free Cash Flow | $469M | — | $390M | — | 20.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $710M |
| GROSS PROFIT | $383M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $82M |
| SG&A Expenses | $82M |
| Other Expenses | $27M |
| Operating Expenses | $109M |
| Cost & Expenses | $819M |
| OPERATING INCOME | $274M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $274M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $224M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $224M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $224M |
| D&A | $0 |
| EBIT | $299M |
| EBITDA | $299M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $710M |
| GROSS PROFIT | $383M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $82M |
| SG&A Expenses | $82M |
| Other Expenses | $27M |
| Operating Expenses | $109M |
| Cost & Expenses | $819M |
| OPERATING INCOME | $274M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $274M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $224M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $224M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $224M |
| D&A | $0 |
| EBIT | $299M |
| EBITDA | $299M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $224M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $254M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $477M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$359M |
| Sales/Maturities of Investments | $119M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$248M |
| Net Debt Issuance | $65M |
| Common Stock Repurchased | -$179M |
| Common Dividends Paid | -$20M |
| Other Financing Activities | -$54M |
| NET CASH FROM FINANCING | -$152M |
| FREE CASH FLOW | $469M |
| Net Change in Cash | $80M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $172M |
| Short-Term Investments | $17.3B |
| Net Receivables | $594M |
| Inventory | $0 |
| Other Current Assets | -$18.0B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $482M |
| Intangible Assets | $0 |
| Long-Term Investments | $17.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$17.8B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $26.9B |
| Account Payables | $489M |
| Short-Term Debt | $514M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$1.4B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$1.6B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $23.0B |
| Common Stock | $105M |
| Additional Paid-In Capital | $529M |
| Retained Earnings | $7.1B |
| Treasury Stock | -$919M |
| Accum. Other Comp. Income | -$3.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $26.9B |
| Total Debt | $2.1B |
| Net Debt | $2.0B |
