| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $659M | $435M | $547M | 51.4% | 20.5% |
| Op. Income | $254M | $178M | $210M | 43.1% | 21.3% |
| Gross Margin | 42.6% | 46.2% | 42.8% | -3.6pp | -0.3pp |
| Net Margin | 25.8% | 36.3% | 24.2% | -10.6pp | 1.5pp |
| EPS (Diluted) | $1.84 | $1.71 | $1.44 | 7.6% | 27.8% |
| Free Cash Flow | $94M | -$61M | -$42M | 254.3% | 323.4% |
| Item | Amount |
|---|---|
| REVENUE | $659M |
| Cost of Revenue | $378M |
| GROSS PROFIT | $281M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $26M |
| Operating Expenses | $26M |
| Cost & Expenses | $404M |
| OPERATING INCOME | $254M |
| Interest Income | $0 |
| Interest Expense | $33M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $227M |
| Income Tax Expense | $58M |
| Net Income from Continuing Ops | $170M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $170M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $170M |
| D&A | $97M |
| EBIT | $261M |
| EBITDA | $357M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $659M |
| Cost of Revenue | $378M |
| GROSS PROFIT | $281M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $26M |
| Operating Expenses | $26M |
| Cost & Expenses | $404M |
| OPERATING INCOME | $254M |
| Interest Income | $0 |
| Interest Expense | $33M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $227M |
| Income Tax Expense | $58M |
| Net Income from Continuing Ops | $170M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $170M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $170M |
| D&A | $97M |
| EBIT | $261M |
| EBITDA | $357M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $170M |
| Depreciation & Amortization | $89M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $53M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $327M |
| Capital Expenditure | -$233M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | $15M |
| NET CASH FROM INVESTING | -$209M |
| Net Debt Issuance | $40M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | -$43M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $94M |
| Net Change in Cash | $108M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $246M |
| Short-Term Investments | $0 |
| Net Receivables | $425M |
| Inventory | $146M |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $873M |
| PP&E (Net) | $6.7B |
| Goodwill | $5M |
| Intangible Assets | $0 |
| Long-Term Investments | $150M |
| Tax Assets | $0 |
| Other Non-Current Assets | $408M |
| TOTAL NON-CURRENT ASSETS | $7.3B |
| TOTAL ASSETS | $8.1B |
| Account Payables | $169M |
| Short-Term Debt | $649M |
| Deferred Revenue | $31M |
| Other Current Liabilities | $669M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $880M |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $4.1B |
| TOTAL LIABILITIES | $5.6B |
| Common Stock | $92M |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$294M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $8.1B |
| Total Debt | $2.7B |
| Net Debt | $2.5B |
