| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $804M | $895M | $827M | -10.1% | -2.7% |
| Op. Income | $152M | $163M | $181M | -6.6% | -16.0% |
| Gross Margin | 60.6% | 61.5% | 60.2% | -0.9pp | 0.4pp |
| Net Margin | -13.7% | 11.3% | 15.8% | -25.0pp | -29.6pp |
| EPS (Diluted) | $-0.43 | $0.38 | $0.48 | -213.2% | -189.6% |
| Free Cash Flow | $90M | $214M | $162M | -57.8% | -44.2% |
| Item | Amount |
|---|---|
| REVENUE | $804M |
| Cost of Revenue | $317M |
| GROSS PROFIT | $487M |
| R&D Expenses | $104M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $231M |
| Other Expenses | $0 |
| Operating Expenses | $335M |
| Cost & Expenses | $652M |
| OPERATING INCOME | $152M |
| Interest Income | $5M |
| Interest Expense | $43M |
| Other Income/Expenses | -$231M |
| INCOME BEFORE TAX | -$79M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | -$110M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$110M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$110M |
| D&A | $113M |
| EBIT | -$32M |
| EBITDA | $82M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$110M |
| Depreciation & Amortization | $113M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$20M |
| Other Non-Cash Items | $205M |
| Change in Working Capital | -$64M |
| OPERATING CASH FLOW | $125M |
| Capital Expenditure | -$34M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$61M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$54M |
| FREE CASH FLOW | $90M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $0 |
| Net Receivables | $406M |
| Inventory | $0 |
| Other Current Assets | $123M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $453M |
| Goodwill | $5.2B |
| Intangible Assets | $975M |
| Long-Term Investments | $167M |
| Tax Assets | $814M |
| Other Non-Current Assets | $198M |
| TOTAL NON-CURRENT ASSETS | $7.8B |
| TOTAL ASSETS | $10.1B |
| Account Payables | $102M |
| Short-Term Debt | $10M |
| Deferred Revenue | $849M |
| Other Current Liabilities | $230M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $4.2B |
| Deferred Revenue NC | $86M |
| Deferred Tax Liabilities | $43M |
| Other Non-Current Liabilities | $115M |
| TOTAL NON-CURRENT LIABILITIES | $4.6B |
| TOTAL LIABILITIES | $6.2B |
| Common Stock | $2.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.0B |
| Treasury Stock | -$155M |
| Accum. Other Comp. Income | -$43M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $1M |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $10.1B |
| Total Debt | $4.5B |
| Net Debt | $2.8B |
