| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $846M | $867M | $1.0B | -2.4% | -15.6% |
| Op. Income | $100M | $87M | $621M | 15.1% | -84.0% |
| Gross Margin | 53.0% | 51.8% | 74.0% | 1.2pp | -21.0pp |
| Net Margin | 5.8% | 3.5% | 47.9% | 2.3pp | -42.1pp |
| EPS (Diluted) | $0.73 | $0.45 | $11.32 | 62.2% | -93.6% |
| Free Cash Flow | $123M | $108M | $479M | 14.1% | -74.3% |
| Item | Amount |
|---|---|
| REVENUE | $846M |
| Cost of Revenue | $398M |
| GROSS PROFIT | $449M |
| R&D Expenses | $62M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $202M |
| Other Expenses | $84M |
| Operating Expenses | $349M |
| Cost & Expenses | $747M |
| OPERATING INCOME | $100M |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | -$40M |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $114M |
| EBIT | $101M |
| EBITDA | $216M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $846M |
| Cost of Revenue | $398M |
| GROSS PROFIT | $449M |
| R&D Expenses | $62M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $202M |
| Other Expenses | $84M |
| Operating Expenses | $349M |
| Cost & Expenses | $747M |
| OPERATING INCOME | $100M |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | -$40M |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $114M |
| EBIT | $101M |
| EBITDA | $216M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $49M |
| Depreciation & Amortization | $114M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$100.0K |
| Other Non-Cash Items | $600.0K |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | $189M |
| Capital Expenditure | -$66M |
| Acquisitions (Net) | $86M |
| Purchases of Investments | -$32M |
| Sales/Maturities of Investments | $28M |
| Other Investing Activities | -$86M |
| NET CASH FROM INVESTING | -$69M |
| Net Debt Issuance | -$52M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$60M |
| FREE CASH FLOW | $123M |
| Net Change in Cash | $61M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $354M |
| Short-Term Investments | $43M |
| Net Receivables | $455M |
| Inventory | $529M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $1.5B |
| Goodwill | $2.5B |
| Intangible Assets | $3.1B |
| Long-Term Investments | $34M |
| Tax Assets | $17M |
| Other Non-Current Assets | $127M |
| TOTAL NON-CURRENT ASSETS | $7.3B |
| TOTAL ASSETS | $8.8B |
| Account Payables | $242M |
| Short-Term Debt | $208M |
| Deferred Revenue | $62M |
| Other Current Liabilities | $172M |
| TOTAL CURRENT LIABILITIES | $908M |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $209M |
| Other Non-Current Liabilities | $111M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | $2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$59M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $8.8B |
| Total Debt | $2.8B |
| Net Debt | $2.4B |
