| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.3B | $1.2B | -12.2% | -2.2% |
| Op. Income | $197M | $267M | $229M | -26.3% | -13.8% |
| Gross Margin | 56.9% | 57.0% | 56.5% | -0.1pp | 0.4pp |
| Net Margin | 17.6% | 22.4% | 18.0% | -4.8pp | -0.4pp |
| EPS (Diluted) | $1.05 | $1.53 | $1.09 | -31.4% | -3.7% |
| Free Cash Flow | $232M | $309M | $125M | -24.9% | 85.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $495M |
| GROSS PROFIT | $653M |
| R&D Expenses | $221M |
| Selling & Marketing | $30M |
| General & Administrative | $204M |
| SG&A Expenses | $234M |
| Other Expenses | $1M |
| Operating Expenses | $456M |
| Cost & Expenses | $950M |
| OPERATING INCOME | $197M |
| Interest Income | $16M |
| Interest Expense | $0 |
| Other Income/Expenses | $25M |
| INCOME BEFORE TAX | $222M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $202M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $202M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $202M |
| D&A | $43M |
| EBIT | $197M |
| EBITDA | $240M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $495M |
| GROSS PROFIT | $653M |
| R&D Expenses | $221M |
| Selling & Marketing | $30M |
| General & Administrative | $204M |
| SG&A Expenses | $234M |
| Other Expenses | $1M |
| Operating Expenses | $456M |
| Cost & Expenses | $950M |
| OPERATING INCOME | $197M |
| Interest Income | $16M |
| Interest Expense | $0 |
| Other Income/Expenses | $25M |
| INCOME BEFORE TAX | $222M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $202M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $202M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $202M |
| D&A | $43M |
| EBIT | $197M |
| EBITDA | $240M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $202M |
| Depreciation & Amortization | $43M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | -$16M |
| Other Non-Cash Items | -$976.0K |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | $279M |
| Capital Expenditure | -$47M |
| Acquisitions (Net) | $142.0K |
| Purchases of Investments | -$19M |
| Sales/Maturities of Investments | $58M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$52M |
| Common Dividends Paid | -$140M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$192M |
| FREE CASH FLOW | $232M |
| Net Change in Cash | $82M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $189M |
| Net Receivables | $611M |
| Inventory | $1.5B |
| Other Current Assets | $324M |
| TOTAL CURRENT ASSETS | $4.0B |
| PP&E (Net) | $1.3B |
| Goodwill | $572M |
| Intangible Assets | $173M |
| Long-Term Investments | $1.2B |
| Tax Assets | $455M |
| Other Non-Current Assets | $99M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $7.7B |
| Account Payables | $209M |
| Short-Term Debt | $0 |
| Deferred Revenue | $91M |
| Other Current Liabilities | $544M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $34M |
| Deferred Tax Liabilities | $132M |
| Other Non-Current Liabilities | $35M |
| TOTAL NON-CURRENT LIABILITIES | $313M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $18M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $4.9B |
| Treasury Stock | -$510M |
| Accum. Other Comp. Income | -$87M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.4B |
| TOTAL LIABILITIES & EQUITY | $7.7B |
| Total Debt | $111M |
| Net Debt | -$1.3B |
