| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $476M | $452M | $496M | 5.3% | -4.0% |
| Op. Income | $79M | $11M | $68M | 618.2% | 16.2% |
| Gross Margin | 63.4% | 58.2% | 60.7% | 5.3pp | 2.8pp |
| Net Margin | 8.4% | -1.5% | 7.3% | 10.0pp | 1.1pp |
| EPS (Diluted) | $0.39 | $-0.07 | $0.33 | 657.1% | 18.2% |
| Free Cash Flow | $105M | $120M | $150M | -12.5% | -30.0% |
| Item | Amount |
|---|---|
| REVENUE | $476M |
| Cost of Revenue | $174M |
| GROSS PROFIT | $302M |
| R&D Expenses | $70M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $153M |
| Other Expenses | $0 |
| Operating Expenses | $223M |
| Cost & Expenses | $397M |
| OPERATING INCOME | $79M |
| Interest Income | $7M |
| Interest Expense | $7M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $58M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $28M |
| EBIT | $65M |
| EBITDA | $93M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $476M |
| Cost of Revenue | $174M |
| GROSS PROFIT | $302M |
| R&D Expenses | $70M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $153M |
| Other Expenses | $0 |
| Operating Expenses | $223M |
| Cost & Expenses | $397M |
| OPERATING INCOME | $79M |
| Interest Income | $7M |
| Interest Expense | $7M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $58M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $28M |
| EBIT | $65M |
| EBITDA | $93M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $40M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $28M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $109M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$20M |
| Common Stock Repurchased | -$84M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$111M |
| FREE CASH FLOW | $105M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $551M |
| Short-Term Investments | $0 |
| Net Receivables | $341M |
| Inventory | $7M |
| Other Current Assets | $107M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $263M |
| Goodwill | $391M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $204M |
| Other Non-Current Assets | $122M |
| TOTAL NON-CURRENT ASSETS | $980M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $92M |
| Short-Term Debt | $0 |
| Deferred Revenue | $634M |
| Other Current Liabilities | $100M |
| TOTAL CURRENT LIABILITIES | $999M |
| Long-Term Debt | $498M |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $178M |
| TOTAL NON-CURRENT LIABILITIES | $757M |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$120M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $230M |
| Minority Interest | $0 |
| TOTAL EQUITY | $230M |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $646M |
| Net Debt | $95M |
