| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15.1B | $16.2B | $15.5B | -6.9% | -2.2% |
| Op. Income | $366M | $387M | $326M | -5.3% | 12.4% |
| Gross Margin | 6.1% | 6.1% | 5.8% | -0.0pp | 0.2pp |
| Net Margin | 1.1% | 1.4% | 0.9% | -0.3pp | 0.2pp |
| EPS (Diluted) | $1.75 | $2.31 | $1.38 | -24.2% | 26.8% |
| Free Cash Flow | -$140M | $264M | -$1.3B | -153.1% | 89.6% |
| Item | Amount |
|---|---|
| REVENUE | $15.1B |
| Cost of Revenue | $14.2B |
| GROSS PROFIT | $916M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $550M |
| Other Expenses | $0 |
| Operating Expenses | $550M |
| Cost & Expenses | $14.8B |
| OPERATING INCOME | $366M |
| Interest Income | $0 |
| Interest Expense | $84M |
| Other Income/Expenses | -$148M |
| INCOME BEFORE TAX | $218M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $167M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $167M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $166M |
| D&A | $105M |
| EBIT | $301M |
| EBITDA | $406M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $15.1B |
| Cost of Revenue | $14.2B |
| GROSS PROFIT | $916M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $550M |
| Other Expenses | $0 |
| Operating Expenses | $550M |
| Cost & Expenses | $14.8B |
| OPERATING INCOME | $366M |
| Interest Income | $0 |
| Interest Expense | $84M |
| Other Income/Expenses | -$148M |
| INCOME BEFORE TAX | $218M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $167M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $167M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $166M |
| D&A | $105M |
| EBIT | $301M |
| EBITDA | $406M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $167M |
| Depreciation & Amortization | $105M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$407M |
| OPERATING CASH FLOW | -$103M |
| Capital Expenditure | -$37M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | $282M |
| Common Stock Repurchased | -$121M |
| Common Dividends Paid | -$33M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $130M |
| FREE CASH FLOW | -$140M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $539M |
| Short-Term Investments | $0 |
| Net Receivables | $10.3B |
| Inventory | $8.4B |
| Other Current Assets | $721M |
| TOTAL CURRENT ASSETS | $20.0B |
| PP&E (Net) | $430M |
| Goodwill | $3.8B |
| Intangible Assets | $4.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $617M |
| TOTAL NON-CURRENT ASSETS | $9.3B |
| TOTAL ASSETS | $29.2B |
| Account Payables | $13.0B |
| Short-Term Debt | $573M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $15.8B |
| Long-Term Debt | $3.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $951M |
| Other Non-Current Liabilities | $529M |
| TOTAL NON-CURRENT LIABILITIES | $5.3B |
| TOTAL LIABILITIES | $21.1B |
| Common Stock | $99.0K |
| Additional Paid-In Capital | $7.4B |
| Retained Earnings | $1.8B |
| Treasury Stock | -$459M |
| Accum. Other Comp. Income | -$636M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.1B |
| TOTAL LIABILITIES & EQUITY | $29.2B |
| Total Debt | $4.4B |
| Net Debt | $3.8B |
