| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $459M | $550M | $407M | -16.5% | 12.9% |
| Op. Income | $39M | $68M | $17M | -43.1% | 124.8% |
| Gross Margin | 38.9% | 37.6% | 34.8% | 1.3pp | 4.1pp |
| Net Margin | 6.7% | 9.7% | 3.1% | -2.9pp | 3.7pp |
| EPS (Diluted) | $0.50 | $0.85 | $0.20 | -41.2% | 150.0% |
| Free Cash Flow | $17M | $101M | -$41M | -83.2% | 140.9% |
| Item | Amount |
|---|---|
| REVENUE | $459M |
| Cost of Revenue | $281M |
| GROSS PROFIT | $179M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $130M |
| Other Expenses | $10M |
| Operating Expenses | $140M |
| Cost & Expenses | $421M |
| OPERATING INCOME | $39M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $41M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $8M |
| EBIT | $42M |
| EBITDA | $50M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $459M |
| Cost of Revenue | $281M |
| GROSS PROFIT | $179M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $130M |
| Other Expenses | $10M |
| Operating Expenses | $140M |
| Cost & Expenses | $421M |
| OPERATING INCOME | $39M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $41M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $8M |
| EBIT | $42M |
| EBITDA | $50M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $31M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $500.0K |
| Other Non-Cash Items | $74.0K |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $36M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$85M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | $64.0K |
| NET CASH FROM INVESTING | -$99M |
| Net Debt Issuance | -$242.0K |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $324.0K |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $17M |
| Net Change in Cash | -$76M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $135M |
| Short-Term Investments | $141M |
| Net Receivables | $985.0K |
| Inventory | $498M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $783M |
| PP&E (Net) | $630M |
| Goodwill | $445M |
| Intangible Assets | $231M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $100M |
| Short-Term Debt | $519.0K |
| Deferred Revenue | $11M |
| Other Current Liabilities | $32M |
| TOTAL CURRENT LIABILITIES | $278M |
| Long-Term Debt | $946.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $71M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $429M |
| TOTAL LIABILITIES | $707M |
| Common Stock | $67.0K |
| Additional Paid-In Capital | $681M |
| Retained Earnings | $1.0B |
| Treasury Stock | -$314M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $448M |
| Net Debt | $313M |
