| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $765M | $742M | $750M | 3.1% | 2.0% |
| Op. Income | $164M | $172M | $186M | -4.7% | -11.8% |
| Gross Margin | 44.2% | 45.0% | 47.3% | -0.8pp | -3.2pp |
| Net Margin | 17.0% | 19.3% | 19.5% | -2.3pp | -2.5pp |
| EPS (Diluted) | $2.32 | $2.57 | $2.63 | -9.7% | -11.8% |
| Free Cash Flow | $41M | $22M | $149M | 86.4% | -72.5% |
| Item | Amount |
|---|---|
| REVENUE | $765M |
| Cost of Revenue | $427M |
| GROSS PROFIT | $338M |
| R&D Expenses | $53M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $101M |
| Other Expenses | $20M |
| Operating Expenses | $174M |
| Cost & Expenses | $601M |
| OPERATING INCOME | $164M |
| Interest Income | $1M |
| Interest Expense | $7M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $156M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $130M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $130M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $130M |
| D&A | $28M |
| EBIT | $163M |
| EBITDA | $191M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $765M |
| Cost of Revenue | $427M |
| GROSS PROFIT | $338M |
| R&D Expenses | $53M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $101M |
| Other Expenses | $20M |
| Operating Expenses | $174M |
| Cost & Expenses | $601M |
| OPERATING INCOME | $164M |
| Interest Income | $1M |
| Interest Expense | $7M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $156M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $130M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $130M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $130M |
| D&A | $28M |
| EBIT | $163M |
| EBITDA | $191M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $130M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$75M |
| OPERATING CASH FLOW | $105M |
| Capital Expenditure | -$64M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $41M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$12M |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$14M |
| FREE CASH FLOW | $41M |
| Net Change in Cash | $54M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $2M |
| Net Receivables | $481M |
| Inventory | $689M |
| Other Current Assets | $112M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $547M |
| Goodwill | $1.2B |
| Intangible Assets | $544M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $89M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $4.7B |
| Account Payables | $181M |
| Short-Term Debt | $11M |
| Deferred Revenue | $51M |
| Other Current Liabilities | $165M |
| TOTAL CURRENT LIABILITIES | $457M |
| Long-Term Debt | $804M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $101M |
| Other Non-Current Liabilities | $78M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $923M |
| Retained Earnings | $2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$34M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $4.7B |
| Total Debt | $1.0B |
| Net Debt | -$52M |
