| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.4B | $1.3B | -4.3% | 10.5% |
| Op. Income | $322M | $379M | $271M | -15.0% | 18.8% |
| Gross Margin | 63.9% | 63.1% | 64.3% | 0.9pp | -0.4pp |
| Net Margin | 18.8% | 20.7% | 18.3% | -1.9pp | 0.5pp |
| EPS (Diluted) | $1.45 | $1.66 | $1.24 | -12.7% | 16.9% |
| Free Cash Flow | $306M | $340M | $182M | -10.0% | 68.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $498M |
| GROSS PROFIT | $883M |
| R&D Expenses | $227M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $338M |
| Other Expenses | -$4M |
| Operating Expenses | $561M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $322M |
| Interest Income | $19M |
| Interest Expense | $19M |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $331M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $260M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $260M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $260M |
| D&A | $53M |
| EBIT | $350M |
| EBITDA | $403M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $498M |
| GROSS PROFIT | $883M |
| R&D Expenses | $227M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $338M |
| Other Expenses | -$4M |
| Operating Expenses | $561M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $322M |
| Interest Income | $19M |
| Interest Expense | $19M |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $331M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $260M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $260M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $260M |
| D&A | $53M |
| EBIT | $350M |
| EBITDA | $403M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $260M |
| Depreciation & Amortization | $53M |
| Stock-Based Compensation | $54M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $46M |
| Change in Working Capital | -$46M |
| OPERATING CASH FLOW | $366M |
| Capital Expenditure | -$60M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$60M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$125M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$47M |
| NET CASH FROM FINANCING | -$139M |
| FREE CASH FLOW | $306M |
| Net Change in Cash | $187M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.2B |
| Short-Term Investments | $0 |
| Net Receivables | $920M |
| Inventory | $909M |
| Other Current Assets | $441M |
| TOTAL CURRENT ASSETS | $4.5B |
| PP&E (Net) | $950M |
| Goodwill | $1.6B |
| Intangible Assets | $166M |
| Long-Term Investments | $75M |
| Tax Assets | $679M |
| Other Non-Current Assets | $469M |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $8.4B |
| Account Payables | $325M |
| Short-Term Debt | $0 |
| Deferred Revenue | $554M |
| Other Current Liabilities | $257M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $217M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $383M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $4.8B |
| Treasury Stock | -$2.4B |
| Accum. Other Comp. Income | -$391M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.4B |
| TOTAL LIABILITIES & EQUITY | $8.4B |
| Total Debt | $2.0B |
| Net Debt | -$207M |
