| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $787M | — | $799M | — | -1.4% |
| Op. Income | $198M | — | $208M | — | -4.6% |
| Gross Margin | 69.5% | — | 70.4% | — | -0.9pp |
| Net Margin | 15.3% | — | 22.6% | — | -7.3pp |
| EPS (Diluted) | $0.42 | — | $0.60 | — | -30.0% |
| Free Cash Flow | $101M | — | $215M | — | -53.2% |
| Item | Amount |
|---|---|
| REVENUE | $787M |
| Cost of Revenue | $240M |
| GROSS PROFIT | $547M |
| R&D Expenses | $98M |
| Selling & Marketing | $137M |
| General & Administrative | $91M |
| SG&A Expenses | $228M |
| Other Expenses | $23M |
| Operating Expenses | $349M |
| Cost & Expenses | $589M |
| OPERATING INCOME | $198M |
| Interest Income | $0 |
| Interest Expense | $39M |
| Other Income/Expenses | -$36M |
| INCOME BEFORE TAX | $162M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $121M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $121M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $124M |
| D&A | $23M |
| EBIT | $202M |
| EBITDA | $224M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $787M |
| Cost of Revenue | $240M |
| GROSS PROFIT | $547M |
| R&D Expenses | $98M |
| Selling & Marketing | $137M |
| General & Administrative | $91M |
| SG&A Expenses | $228M |
| Other Expenses | $23M |
| Operating Expenses | $349M |
| Cost & Expenses | $589M |
| OPERATING INCOME | $198M |
| Interest Income | $0 |
| Interest Expense | $39M |
| Other Income/Expenses | -$36M |
| INCOME BEFORE TAX | $162M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $121M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $121M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $124M |
| D&A | $23M |
| EBIT | $202M |
| EBITDA | $224M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $121M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $42M |
| Deferred Income Tax | $12M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$78M |
| OPERATING CASH FLOW | $120M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $53.0K |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$113M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | -$105M |
| FREE CASH FLOW | $101M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $570M |
| Short-Term Investments | $8M |
| Net Receivables | $257M |
| Inventory | $0 |
| Other Current Assets | $116M |
| TOTAL CURRENT ASSETS | $951M |
| PP&E (Net) | $187M |
| Goodwill | $2.3B |
| Intangible Assets | $340M |
| Long-Term Investments | $0 |
| Tax Assets | $264M |
| Other Non-Current Assets | $145M |
| TOTAL NON-CURRENT ASSETS | $3.3B |
| TOTAL ASSETS | $4.2B |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $256M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $552M |
| Long-Term Debt | $3.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $30M |
| Other Non-Current Liabilities | $118M |
| TOTAL NON-CURRENT LIABILITIES | $4.0B |
| TOTAL LIABILITIES | $4.5B |
| Common Stock | $288.0K |
| Additional Paid-In Capital | $8.3B |
| Retained Earnings | -$7.7B |
| Treasury Stock | -$595M |
| Accum. Other Comp. Income | -$404M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$335M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$335M |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $3.8B |
| Net Debt | $3.3B |
