| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $2.1B | $2.0B | -9.1% | -5.6% |
| Op. Income | $56M | $44M | $31M | 27.0% | 79.1% |
| Gross Margin | 4.0% | 3.2% | 2.8% | 0.8pp | 1.2pp |
| Net Margin | 2.4% | 1.8% | 1.3% | 0.6pp | 1.1pp |
| EPS (Diluted) | $1.83 | $1.53 | $1.08 | 19.6% | 69.4% |
| Free Cash Flow | $279M | -$14M | -$70M | 2037.1% | 495.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $77M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $18M |
| Other Expenses | $3M |
| Operating Expenses | $21M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $56M |
| Interest Income | $5M |
| Interest Expense | $6M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $58M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $3M |
| EBIT | $64M |
| EBITDA | $67M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $77M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $18M |
| Other Expenses | $3M |
| Operating Expenses | $21M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $56M |
| Interest Income | $5M |
| Interest Expense | $6M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $58M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $3M |
| EBIT | $64M |
| EBITDA | $67M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $45M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $535.0K |
| Deferred Income Tax | -$36.0K |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $232M |
| OPERATING CASH FLOW | $280M |
| Capital Expenditure | -$927.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$500.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $39M |
| NET CASH FROM INVESTING | $37M |
| Net Debt Issuance | -$148M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$23M |
| Other Financing Activities | -$118M |
| NET CASH FROM FINANCING | -$290M |
| FREE CASH FLOW | $279M |
| Net Change in Cash | $27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $65M |
| Short-Term Investments | $0 |
| Net Receivables | $247M |
| Inventory | $625M |
| Other Current Assets | $33M |
| TOTAL CURRENT ASSETS | $979M |
| PP&E (Net) | $16M |
| Goodwill | $101M |
| Intangible Assets | $65M |
| Long-Term Investments | $73M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $261M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $25M |
| Short-Term Debt | $230M |
| Deferred Revenue | $183M |
| Other Current Liabilities | $146M |
| TOTAL CURRENT LIABILITIES | $615M |
| Long-Term Debt | $98M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $15M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $119M |
| TOTAL LIABILITIES | $735M |
| Common Stock | $235.0K |
| Additional Paid-In Capital | $166M |
| Retained Earnings | $339M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $52.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $505M |
| Minority Interest | $973.0K |
| TOTAL EQUITY | $506M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $334M |
| Net Debt | $269M |
