| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $452M | $371M | $354M | 21.9% | 27.8% |
| Op. Income | $160M | $106M | $126M | 51.6% | 27.1% |
| Gross Margin | 85.6% | 84.1% | 86.3% | 1.5pp | -0.7pp |
| Net Margin | 26.4% | 21.6% | 26.0% | 4.8pp | 0.4pp |
| EPS (Diluted) | $2.06 | $1.38 | $1.58 | 49.3% | 30.4% |
| Free Cash Flow | $105M | $84M | $83M | 26.0% | 27.5% |
| Item | Amount |
|---|---|
| REVENUE | $452M |
| Cost of Revenue | $65M |
| GROSS PROFIT | $386M |
| R&D Expenses | $43M |
| Selling & Marketing | $104M |
| General & Administrative | $66M |
| SG&A Expenses | $169M |
| Other Expenses | $14M |
| Operating Expenses | $226M |
| Cost & Expenses | $291M |
| OPERATING INCOME | $160M |
| Interest Income | $0 |
| Interest Expense | $837.0K |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $166M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $119M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $119M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $119M |
| D&A | $26M |
| EBIT | $166M |
| EBITDA | $193M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $452M |
| Cost of Revenue | $65M |
| GROSS PROFIT | $386M |
| R&D Expenses | $43M |
| Selling & Marketing | $104M |
| General & Administrative | $66M |
| SG&A Expenses | $169M |
| Other Expenses | $14M |
| Operating Expenses | $226M |
| Cost & Expenses | $291M |
| OPERATING INCOME | $160M |
| Interest Income | $0 |
| Interest Expense | $837.0K |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $166M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $119M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $119M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $119M |
| D&A | $26M |
| EBIT | $166M |
| EBITDA | $193M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $119M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $28M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $667.0K |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | $146M |
| Capital Expenditure | -$41M |
| Acquisitions (Net) | -$25M |
| Purchases of Investments | -$25M |
| Sales/Maturities of Investments | $25M |
| Other Investing Activities | $25M |
| NET CASH FROM INVESTING | -$41M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$626.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $183M |
| NET CASH FROM FINANCING | $183M |
| FREE CASH FLOW | $105M |
| Net Change in Cash | $105M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $506M |
| Short-Term Investments | $0 |
| Net Receivables | $18M |
| Inventory | $887.0K |
| Other Current Assets | $2.5B |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $421M |
| Goodwill | $52M |
| Intangible Assets | $53M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $661M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $4.2B |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $21M |
| Other Current Liabilities | $2.4B |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $29M |
| Deferred Revenue NC | $100M |
| Deferred Tax Liabilities | $140M |
| Other Non-Current Liabilities | $73M |
| TOTAL NON-CURRENT LIABILITIES | $342M |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $625.0K |
| Additional Paid-In Capital | $609M |
| Retained Earnings | $1.3B |
| Treasury Stock | -$589M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $29M |
| Net Debt | -$477M |
