| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $2.8B | $1.6B | -27.8% | 24.0% |
| Op. Income | $401M | $314M | $260M | 27.7% | 54.2% |
| Gross Margin | 57.5% | 55.1% | 53.9% | 2.4pp | 3.6pp |
| Net Margin | 14.5% | 4.3% | 11.8% | 10.2pp | 2.7pp |
| EPS (Diluted) | $2.28 | $0.94 | $1.48 | 142.6% | 54.1% |
| Free Cash Flow | -$91M | $839M | -$355M | -110.9% | 74.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $850M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $748M |
| Other Expenses | $2M |
| Operating Expenses | $749M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $401M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $409M |
| Income Tax Expense | $119M |
| Net Income from Continuing Ops | $290M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $290M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $290M |
| D&A | $84M |
| EBIT | $401M |
| EBITDA | $486M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $850M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $748M |
| Other Expenses | $2M |
| Operating Expenses | $749M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $401M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $409M |
| Income Tax Expense | $119M |
| Net Income from Continuing Ops | $290M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $290M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $290M |
| D&A | $84M |
| EBIT | $401M |
| EBITDA | $486M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $290M |
| Depreciation & Amortization | $84M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$721.0K |
| Change in Working Capital | -$350M |
| OPERATING CASH FLOW | $46M |
| Capital Expenditure | -$137M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$138M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$98M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | -$115M |
| FREE CASH FLOW | -$91M |
| Net Change in Cash | -$204M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $951M |
| Short-Term Investments | $0 |
| Net Receivables | $290M |
| Inventory | $1.6B |
| Other Current Assets | $89M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $2.3B |
| Goodwill | $24M |
| Intangible Assets | $20M |
| Long-Term Investments | $0 |
| Tax Assets | $6M |
| Other Non-Current Assets | $162M |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $5.6B |
| Account Payables | $287M |
| Short-Term Debt | $0 |
| Deferred Revenue | $224M |
| Other Current Liabilities | $230M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $55M |
| Other Non-Current Liabilities | $52M |
| TOTAL NON-CURRENT LIABILITIES | $995M |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $610.0K |
| Additional Paid-In Capital | $478M |
| Retained Earnings | $3.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$278M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $5.6B |
| Total Debt | $1.1B |
| Net Debt | $148M |
