| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $498M | $500M | $582M | -0.3% | -14.5% |
| Op. Income | $105M | $98M | $173M | 7.1% | -39.6% |
| Gross Margin | 63.8% | 64.3% | 64.2% | -0.5pp | -0.4pp |
| Net Margin | 17.8% | 16.5% | 22.2% | 1.3pp | -4.3pp |
| EPS (Diluted) | $0.40 | $0.36 | $0.56 | 11.1% | -28.6% |
| Free Cash Flow | $78M | $185M | $144M | -58.0% | -46.2% |
| Item | Amount |
|---|---|
| REVENUE | $498M |
| Cost of Revenue | $180M |
| GROSS PROFIT | $318M |
| R&D Expenses | $45M |
| Selling & Marketing | $122M |
| General & Administrative | $32M |
| SG&A Expenses | $154M |
| Other Expenses | $14M |
| Operating Expenses | $213M |
| Cost & Expenses | $393M |
| OPERATING INCOME | $105M |
| Interest Income | $16M |
| Interest Expense | $15M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $106M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $89M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $89M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $89M |
| D&A | $55M |
| EBIT | $121M |
| EBITDA | $175M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $498M |
| Cost of Revenue | $180M |
| GROSS PROFIT | $318M |
| R&D Expenses | $45M |
| Selling & Marketing | $122M |
| General & Administrative | $32M |
| SG&A Expenses | $154M |
| Other Expenses | $14M |
| Operating Expenses | $213M |
| Cost & Expenses | $393M |
| OPERATING INCOME | $105M |
| Interest Income | $16M |
| Interest Expense | $15M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $106M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $89M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $89M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $89M |
| D&A | $55M |
| EBIT | $121M |
| EBITDA | $175M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $89M |
| Depreciation & Amortization | $55M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $31M |
| Other Non-Cash Items | $16M |
| Change in Working Capital | -$80M |
| OPERATING CASH FLOW | $124M |
| Capital Expenditure | -$47M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$382M |
| Sales/Maturities of Investments | $325M |
| Other Investing Activities | -$20M |
| NET CASH FROM INVESTING | -$125M |
| Net Debt Issuance | -$480M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$66M |
| NET CASH FROM FINANCING | -$546M |
| FREE CASH FLOW | $78M |
| Net Change in Cash | -$541M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $731M |
| Short-Term Investments | $688M |
| Net Receivables | $434M |
| Inventory | $358M |
| Other Current Assets | $133M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $662M |
| Goodwill | $2.4B |
| Intangible Assets | $545M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $334M |
| TOTAL NON-CURRENT ASSETS | $3.9B |
| TOTAL ASSETS | $6.3B |
| Account Payables | $99M |
| Short-Term Debt | $390M |
| Deferred Revenue | $69M |
| Other Current Liabilities | $192M |
| TOTAL CURRENT LIABILITIES | $975M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $375M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $3M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $2.2B |
| Treasury Stock | -$160M |
| Accum. Other Comp. Income | -$404M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $6.3B |
| Total Debt | $1.9B |
| Net Debt | $1.2B |
