| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $957M | $962M | $980M | -0.6% | -2.4% |
| Op. Income | $87M | $39M | $113M | 120.9% | -23.2% |
| Gross Margin | 50.8% | 50.1% | 51.0% | 0.7pp | -0.3pp |
| Net Margin | 5.3% | 2.2% | 7.0% | 3.0pp | -1.8pp |
| EPS (Diluted) | $0.46 | $0.20 | $0.60 | 130.0% | -23.3% |
| Free Cash Flow | $30M | $75M | -$32M | -60.2% | 193.4% |
| Item | Amount |
|---|---|
| REVENUE | $957M |
| Cost of Revenue | $471M |
| GROSS PROFIT | $486M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $399M |
| Operating Expenses | $399M |
| Cost & Expenses | $870M |
| OPERATING INCOME | $87M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $69M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $25M |
| EBIT | $95M |
| EBITDA | $120M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $957M |
| Cost of Revenue | $471M |
| GROSS PROFIT | $486M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $399M |
| Operating Expenses | $399M |
| Cost & Expenses | $870M |
| OPERATING INCOME | $87M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $69M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $25M |
| EBIT | $95M |
| EBITDA | $120M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $50M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $889.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$30M |
| OPERATING CASH FLOW | $55M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $30M |
| Net Change in Cash | $29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $99M |
| Short-Term Investments | $0 |
| Net Receivables | $75M |
| Inventory | $987M |
| Other Current Assets | $58M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $832M |
| Goodwill | $533M |
| Intangible Assets | $51M |
| Long-Term Investments | $4M |
| Tax Assets | $86M |
| Other Non-Current Assets | -$55M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $296M |
| Short-Term Debt | $221M |
| Deferred Revenue | $20M |
| Other Current Liabilities | -$84M |
| TOTAL CURRENT LIABILITIES | $677M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $86M |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $8M |
| Retained Earnings | $491M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$127M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $373M |
| Minority Interest | $0 |
| TOTAL EQUITY | $373M |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $1.9B |
| Net Debt | $1.8B |
