| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.4B | $1.5B | -5.5% | -12.0% |
| Op. Income | $367M | $388M | $446M | -5.4% | -17.7% |
| Gross Margin | 48.0% | 47.5% | 47.3% | 0.4pp | 0.7pp |
| Net Margin | 23.3% | 21.5% | 26.5% | 1.8pp | -3.2pp |
| EPS (Diluted) | $1.93 | $1.88 | $2.40 | 2.7% | -19.6% |
| Free Cash Flow | $702M | $91M | $480M | 675.8% | 46.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $692M |
| GROSS PROFIT | $638M |
| R&D Expenses | $164M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $85M |
| Other Expenses | $22M |
| Operating Expenses | $271M |
| Cost & Expenses | $962M |
| OPERATING INCOME | $367M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $351M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $309M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $309M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $309M |
| D&A | $171M |
| EBIT | $368M |
| EBITDA | $539M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $692M |
| GROSS PROFIT | $638M |
| R&D Expenses | $164M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $85M |
| Other Expenses | $22M |
| Operating Expenses | $271M |
| Cost & Expenses | $962M |
| OPERATING INCOME | $367M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $351M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $309M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $309M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $309M |
| D&A | $171M |
| EBIT | $368M |
| EBITDA | $539M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $309M |
| Depreciation & Amortization | $171M |
| Stock-Based Compensation | $49M |
| Deferred Income Tax | -$30M |
| Other Non-Cash Items | $700.0K |
| Change in Working Capital | $272M |
| OPERATING CASH FLOW | $773M |
| Capital Expenditure | -$71M |
| Acquisitions (Net) | $8M |
| Purchases of Investments | -$163M |
| Sales/Maturities of Investments | $11M |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$223M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$198M |
| Common Dividends Paid | -$99M |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$296M |
| FREE CASH FLOW | $702M |
| Net Change in Cash | $254M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $820M |
| Short-Term Investments | $173M |
| Net Receivables | $764M |
| Inventory | $1.3B |
| Other Current Assets | $118M |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $1.8B |
| Goodwill | $2.2B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $0 |
| Tax Assets | $83M |
| Other Non-Current Assets | $123M |
| TOTAL NON-CURRENT ASSETS | $5.5B |
| TOTAL ASSETS | $8.9B |
| Account Payables | $180M |
| Short-Term Debt | $500M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $133M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $279M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $3.4B |
| Common Stock | $40M |
| Additional Paid-In Capital | $4M |
| Retained Earnings | $5.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.5B |
| TOTAL LIABILITIES & EQUITY | $8.9B |
| Total Debt | $2.4B |
| Net Debt | $1.6B |
