| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $417M | $353M | $355M | 18.2% | 17.4% |
| Op. Income | $32M | $24M | $25M | 37.6% | 29.8% |
| Gross Margin | 24.6% | 27.8% | 26.6% | -3.1pp | -1.9pp |
| Net Margin | 5.6% | 4.4% | 4.9% | 1.2pp | 0.8pp |
| EPS (Diluted) | $0.87 | $0.58 | $0.65 | 50.0% | 33.8% |
| Free Cash Flow | -$72M | $117M | $4M | -161.7% | -1852.0% |
| Item | Amount |
|---|---|
| REVENUE | $417M |
| Cost of Revenue | $314M |
| GROSS PROFIT | $103M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $70M |
| Operating Expenses | $70M |
| Cost & Expenses | $384M |
| OPERATING INCOME | $32M |
| Interest Income | $0 |
| Interest Expense | $359.0K |
| Other Income/Expenses | $123.0K |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $6M |
| EBIT | $33M |
| EBITDA | $39M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $417M |
| Cost of Revenue | $314M |
| GROSS PROFIT | $103M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $70M |
| Operating Expenses | $70M |
| Cost & Expenses | $384M |
| OPERATING INCOME | $32M |
| Interest Income | $0 |
| Interest Expense | $359.0K |
| Other Income/Expenses | $123.0K |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $6M |
| EBIT | $33M |
| EBITDA | $39M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $24M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$441.0K |
| Change in Working Capital | -$96M |
| OPERATING CASH FLOW | -$65M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $843.0K |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $39M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $35M |
| FREE CASH FLOW | -$72M |
| Net Change in Cash | -$36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $94M |
| Short-Term Investments | $0 |
| Net Receivables | $562M |
| Inventory | $78M |
| Other Current Assets | $28M |
| TOTAL CURRENT ASSETS | $774M |
| PP&E (Net) | $33M |
| Goodwill | $127M |
| Intangible Assets | $36M |
| Long-Term Investments | $98M |
| Tax Assets | $1M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $303M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $150M |
| Short-Term Debt | $158M |
| Deferred Revenue | $77M |
| Other Current Liabilities | -$120M |
| TOTAL CURRENT LIABILITIES | $446M |
| Long-Term Debt | $14M |
| Deferred Revenue NC | $24M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $47M |
| TOTAL LIABILITIES | $494M |
| Common Stock | $146.0K |
| Additional Paid-In Capital | $154M |
| Retained Earnings | $508M |
| Treasury Stock | -$79M |
| Accum. Other Comp. Income | $721.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $584M |
| Minority Interest | $0 |
| TOTAL EQUITY | $584M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $180M |
| Net Debt | $86M |
