| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $496M | $475M | $491M | 4.4% | 1.0% |
| Op. Income | $68M | $50M | $81M | 36.0% | -16.0% |
| Gross Margin | 60.7% | 61.9% | 62.5% | -1.2pp | -1.8pp |
| Net Margin | 7.3% | 6.9% | 10.8% | 0.3pp | -3.5pp |
| EPS (Diluted) | $0.33 | $0.29 | $0.47 | 13.8% | -29.8% |
| Free Cash Flow | $150M | $85M | $105M | 76.5% | 42.9% |
| Item | Amount |
|---|---|
| REVENUE | $496M |
| Cost of Revenue | $195M |
| GROSS PROFIT | $301M |
| R&D Expenses | $76M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $157M |
| Other Expenses | $0 |
| Operating Expenses | $233M |
| Cost & Expenses | $428M |
| OPERATING INCOME | $68M |
| Interest Income | $2M |
| Interest Expense | $6M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $40M |
| EBIT | $61M |
| EBITDA | $101M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $496M |
| Cost of Revenue | $195M |
| GROSS PROFIT | $301M |
| R&D Expenses | $76M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $157M |
| Other Expenses | $0 |
| Operating Expenses | $233M |
| Cost & Expenses | $428M |
| OPERATING INCOME | $68M |
| Interest Income | $2M |
| Interest Expense | $6M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $40M |
| EBIT | $61M |
| EBITDA | $101M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $36M |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $31M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $36M |
| OPERATING CASH FLOW | $151M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$35M |
| Common Stock Repurchased | -$300M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$331M |
| FREE CASH FLOW | $150M |
| Net Change in Cash | -$187M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $404M |
| Short-Term Investments | $0 |
| Net Receivables | $330M |
| Inventory | $16M |
| Other Current Assets | $113M |
| TOTAL CURRENT ASSETS | $863M |
| PP&E (Net) | $296M |
| Goodwill | $395M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $200M |
| Other Non-Current Assets | $141M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $78M |
| Short-Term Debt | $75M |
| Deferred Revenue | $580M |
| Other Current Liabilities | $82M |
| TOTAL CURRENT LIABILITIES | $993M |
| Long-Term Debt | $324M |
| Deferred Revenue NC | $19M |
| Deferred Tax Liabilities | $16M |
| Other Non-Current Liabilities | $235M |
| TOTAL NON-CURRENT LIABILITIES | $665M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$131M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $237M |
| Minority Interest | $0 |
| TOTAL EQUITY | $237M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $557M |
| Net Debt | $153M |
