| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | $1.6B | 3.6% | -1.9% |
| Op. Income | $394M | $290M | $539M | 35.9% | -26.9% |
| Gross Margin | 62.3% | 60.6% | 64.2% | 1.7pp | -1.9pp |
| Net Margin | 11.5% | 7.3% | 22.2% | 4.2pp | -10.7pp |
| EPS (Diluted) | $0.69 | $0.42 | $1.36 | 64.3% | -49.3% |
| Free Cash Flow | $60M | $202M | $60M | -70.3% | 0.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $580M |
| GROSS PROFIT | $958M |
| R&D Expenses | $129M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $435M |
| Other Expenses | $0 |
| Operating Expenses | $564M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $394M |
| Interest Income | $0 |
| Interest Expense | $132M |
| Other Income/Expenses | -$159M |
| INCOME BEFORE TAX | $235M |
| Income Tax Expense | $58M |
| Net Income from Continuing Ops | $177M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $177M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $177M |
| D&A | $57M |
| EBIT | $367M |
| EBITDA | $424M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $580M |
| GROSS PROFIT | $958M |
| R&D Expenses | $129M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $435M |
| Other Expenses | $0 |
| Operating Expenses | $564M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $394M |
| Interest Income | $0 |
| Interest Expense | $132M |
| Other Income/Expenses | -$159M |
| INCOME BEFORE TAX | $235M |
| Income Tax Expense | $58M |
| Net Income from Continuing Ops | $177M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $177M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $177M |
| D&A | $57M |
| EBIT | $367M |
| EBITDA | $424M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $177M |
| Depreciation & Amortization | $57M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$163M |
| OPERATING CASH FLOW | $114M |
| Capital Expenditure | -$54M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$54M |
| Net Debt Issuance | -$252M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$73M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$326M |
| FREE CASH FLOW | $60M |
| Net Change in Cash | -$247M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $459M |
| Short-Term Investments | $0 |
| Net Receivables | $1.4B |
| Inventory | $1.1B |
| Other Current Assets | $755M |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $1.1B |
| Goodwill | $4.6B |
| Intangible Assets | $621M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $704M |
| TOTAL NON-CURRENT ASSETS | $7.0B |
| TOTAL ASSETS | $10.8B |
| Account Payables | $996M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $8.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $30M |
| Other Non-Current Liabilities | $421M |
| TOTAL NON-CURRENT LIABILITIES | $9.2B |
| TOTAL LIABILITIES | $11.5B |
| Common Stock | $3M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$206M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$534M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$737M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$737M |
| TOTAL LIABILITIES & EQUITY | $10.8B |
| Total Debt | $8.7B |
| Net Debt | $8.3B |
