| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $350M | $338M | — | 3.5% | — |
| Op. Income | $8M | -$28M | — | 128.7% | — |
| Gross Margin | 26.9% | 18.9% | — | 8.0pp | — |
| Net Margin | 1.9% | -5.5% | — | 7.4pp | — |
| EPS (Diluted) | $0.16 | $-0.40 | — | 140.0% | — |
| Free Cash Flow | $86M | $56M | — | 55.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $350M |
| Cost of Revenue | $256M |
| GROSS PROFIT | $94M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $86M |
| Operating Expenses | $86M |
| Cost & Expenses | $341M |
| OPERATING INCOME | $8M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $7M |
| EBIT | $15M |
| EBITDA | $21M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $350M |
| Cost of Revenue | $256M |
| GROSS PROFIT | $94M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $86M |
| Operating Expenses | $86M |
| Cost & Expenses | $341M |
| OPERATING INCOME | $8M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $7M |
| EBIT | $15M |
| EBITDA | $21M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $57M |
| OPERATING CASH FLOW | $86M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$72M |
| Purchases of Investments | -$187M |
| Sales/Maturities of Investments | $163M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$95M |
| Net Debt Issuance | -$85M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | -$14M |
| Other Financing Activities | $96M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $86M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $5.6B |
| Net Receivables | $468M |
| Inventory | $0 |
| Other Current Assets | -$6.1B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $54M |
| Intangible Assets | $182M |
| Long-Term Investments | $6.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$7.0B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $13.7B |
| Account Payables | $0 |
| Short-Term Debt | $249M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$249M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $249M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$249M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $12.5B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $503M |
| Retained Earnings | $1.5B |
| Treasury Stock | -$522M |
| Accum. Other Comp. Income | -$347M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $13.7B |
| Total Debt | $498M |
| Net Debt | $471M |
