| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $953M | $1.5B | 12.7% | -27.0% |
| Op. Income | $262M | $141M | $641M | 86.2% | -59.1% |
| Gross Margin | 57.5% | 54.0% | 67.0% | 3.5pp | -9.5pp |
| Net Margin | 17.4% | 12.5% | 33.9% | 5.0pp | -16.5pp |
| EPS (Diluted) | $0.75 | $0.47 | $1.95 | 59.6% | -61.5% |
| Free Cash Flow | $224M | $137M | $527M | 63.7% | -57.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $456M |
| GROSS PROFIT | $618M |
| R&D Expenses | $75M |
| Selling & Marketing | $164M |
| General & Administrative | $109M |
| SG&A Expenses | $272M |
| Other Expenses | $9M |
| Operating Expenses | $356M |
| Cost & Expenses | $812M |
| OPERATING INCOME | $262M |
| Interest Income | $21M |
| Interest Expense | $28M |
| Other Income/Expenses | -$23M |
| INCOME BEFORE TAX | $239M |
| Income Tax Expense | $52M |
| Net Income from Continuing Ops | $187M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $187M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $187M |
| D&A | $86M |
| EBIT | $267M |
| EBITDA | $353M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $456M |
| GROSS PROFIT | $618M |
| R&D Expenses | $75M |
| Selling & Marketing | $164M |
| General & Administrative | $109M |
| SG&A Expenses | $272M |
| Other Expenses | $9M |
| Operating Expenses | $356M |
| Cost & Expenses | $812M |
| OPERATING INCOME | $262M |
| Interest Income | $21M |
| Interest Expense | $28M |
| Other Income/Expenses | -$23M |
| INCOME BEFORE TAX | $239M |
| Income Tax Expense | $52M |
| Net Income from Continuing Ops | $187M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $187M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $187M |
| D&A | $86M |
| EBIT | $267M |
| EBITDA | $353M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $187M |
| Depreciation & Amortization | $86M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $25M |
| Change in Working Capital | -$65M |
| OPERATING CASH FLOW | $253M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$12M |
| NET CASH FROM INVESTING | -$41M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$123M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $14M |
| NET CASH FROM FINANCING | -$114M |
| FREE CASH FLOW | $224M |
| Net Change in Cash | $102M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.4B |
| Short-Term Investments | $0 |
| Net Receivables | $674M |
| Inventory | $678M |
| Other Current Assets | $197M |
| TOTAL CURRENT ASSETS | $4.0B |
| PP&E (Net) | $494M |
| Goodwill | $3.3B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $230M |
| TOTAL NON-CURRENT ASSETS | $5.3B |
| TOTAL ASSETS | $9.3B |
| Account Payables | $202M |
| Short-Term Debt | $21M |
| Deferred Revenue | $192M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $956M |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $11M |
| Deferred Tax Liabilities | $72M |
| Other Non-Current Liabilities | $335M |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $3M |
| Additional Paid-In Capital | $6.1B |
| Retained Earnings | $1.8B |
| Treasury Stock | -$2.6B |
| Accum. Other Comp. Income | -$127M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.1B |
| TOTAL LIABILITIES & EQUITY | $9.3B |
| Total Debt | $2.8B |
| Net Debt | $406M |
