| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.9B | $2.4B | -25.0% | -6.8% |
| Op. Income | $113M | $142M | $212M | -20.4% | -46.7% |
| Gross Margin | 32.1% | 29.2% | 33.7% | 3.0pp | -1.5pp |
| Net Margin | 5.6% | 1.6% | 1.8% | 4.0pp | 3.8pp |
| EPS (Diluted) | $0.00 | $0.00 | $0.00 | NaN% | NaN% |
| Free Cash Flow | $137M | $151M | -$52M | -9.3% | 363.5% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $705M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $503M |
| Other Expenses | $0 |
| Operating Expenses | $481M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $113M |
| Interest Income | $0 |
| Interest Expense | $38M |
| Other Income/Expenses | -$44M |
| INCOME BEFORE TAX | $186M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $135M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $122M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $122M |
| D&A | $63M |
| EBIT | $113M |
| EBITDA | $176M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $705M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $503M |
| Other Expenses | $0 |
| Operating Expenses | $481M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $113M |
| Interest Income | $0 |
| Interest Expense | $38M |
| Other Income/Expenses | -$44M |
| INCOME BEFORE TAX | $186M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $135M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $122M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $122M |
| D&A | $63M |
| EBIT | $113M |
| EBITDA | $176M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $122M |
| Depreciation & Amortization | $63M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $43M |
| Other Non-Cash Items | -$161M |
| Change in Working Capital | $144M |
| OPERATING CASH FLOW | $177M |
| Capital Expenditure | -$40M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $165M |
| NET CASH FROM INVESTING | $125M |
| Net Debt Issuance | -$32M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$199M |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$243M |
| FREE CASH FLOW | $137M |
| Net Change in Cash | $63M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $421M |
| Short-Term Investments | $0 |
| Net Receivables | $1.0B |
| Inventory | $1.0B |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $942M |
| Goodwill | $3.5B |
| Intangible Assets | $3.3B |
| Long-Term Investments | $7.1B |
| Tax Assets | $611M |
| Other Non-Current Assets | -$5.9B |
| TOTAL NON-CURRENT ASSETS | $9.5B |
| TOTAL ASSETS | $12.1B |
| Account Payables | $713M |
| Short-Term Debt | $0 |
| Deferred Revenue | -$2M |
| Other Current Liabilities | $696M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $702M |
| TOTAL NON-CURRENT LIABILITIES | $6.1B |
| TOTAL LIABILITIES | $7.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $10.8B |
| Retained Earnings | -$6.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$291M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.4B |
| Minority Interest | $95M |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $12.1B |
| Total Debt | $5.4B |
| Net Debt | $5.0B |
