| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $466M | $508M | $458M | -8.3% | 1.8% |
| Op. Income | $105M | $146M | $62M | -28.2% | 68.7% |
| Gross Margin | 79.4% | 81.2% | 79.2% | -1.8pp | 0.2pp |
| Net Margin | 16.1% | 21.0% | 10.1% | -4.9pp | 6.0pp |
| EPS (Diluted) | $0.63 | $0.90 | $0.39 | -30.0% | 61.5% |
| Free Cash Flow | $172M | $28M | $134M | 513.7% | 28.2% |
| Item | Amount |
|---|---|
| REVENUE | $466M |
| Cost of Revenue | $96M |
| GROSS PROFIT | $370M |
| R&D Expenses | $88M |
| Selling & Marketing | $118M |
| General & Administrative | $51M |
| SG&A Expenses | $169M |
| Other Expenses | $8M |
| Operating Expenses | $265M |
| Cost & Expenses | $361M |
| OPERATING INCOME | $105M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $86M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $75M |
| D&A | $29M |
| EBIT | $103M |
| EBITDA | $132M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $466M |
| Cost of Revenue | $96M |
| GROSS PROFIT | $370M |
| R&D Expenses | $88M |
| Selling & Marketing | $118M |
| General & Administrative | $51M |
| SG&A Expenses | $169M |
| Other Expenses | $8M |
| Operating Expenses | $265M |
| Cost & Expenses | $361M |
| OPERATING INCOME | $105M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $86M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $75M |
| D&A | $29M |
| EBIT | $103M |
| EBITDA | $132M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $75M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $42M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$29M |
| Change in Working Capital | $64M |
| OPERATING CASH FLOW | $181M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | -$217.0K |
| Common Stock Repurchased | -$52M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$54M |
| FREE CASH FLOW | $172M |
| Net Change in Cash | $115M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $388M |
| Short-Term Investments | $0 |
| Net Receivables | $562M |
| Inventory | $0 |
| Other Current Assets | $67M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $244M |
| Goodwill | $2.4B |
| Intangible Assets | $374M |
| Long-Term Investments | $0 |
| Tax Assets | $267M |
| Other Non-Current Assets | $396M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $4.8B |
| Account Payables | $39M |
| Short-Term Debt | $0 |
| Deferred Revenue | $500M |
| Other Current Liabilities | $96M |
| TOTAL CURRENT LIABILITIES | $787M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $31M |
| Other Non-Current Liabilities | $33M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $803M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$105M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $4.8B |
| Total Debt | $1.6B |
| Net Debt | $1.2B |
