| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.1B | $971M | -5.7% | 5.4% |
| Op. Income | $202M | $203M | $109M | -0.5% | 84.4% |
| Gross Margin | 33.1% | 33.0% | 28.0% | 0.1pp | 5.1pp |
| Net Margin | 16.4% | 15.5% | 9.2% | 0.9pp | 7.2pp |
| EPS (Diluted) | $0.11 | $0.11 | $0.05 | 0.0% | 94.6% |
| Free Cash Flow | $271M | $352M | $364M | -23.1% | -25.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $685M |
| GROSS PROFIT | $338M |
| R&D Expenses | $0 |
| Selling & Marketing | $31M |
| General & Administrative | $149M |
| SG&A Expenses | $180M |
| Other Expenses | -$43M |
| Operating Expenses | $136M |
| Cost & Expenses | $822M |
| OPERATING INCOME | $202M |
| Interest Income | $35M |
| Interest Expense | $5M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $200M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $175M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $168M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $168M |
| D&A | $32M |
| EBIT | $167M |
| EBITDA | $199M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $685M |
| GROSS PROFIT | $338M |
| R&D Expenses | $0 |
| Selling & Marketing | $31M |
| General & Administrative | $149M |
| SG&A Expenses | $180M |
| Other Expenses | -$43M |
| Operating Expenses | $136M |
| Cost & Expenses | $822M |
| OPERATING INCOME | $202M |
| Interest Income | $35M |
| Interest Expense | $5M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $200M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $175M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $168M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $168M |
| D&A | $32M |
| EBIT | $167M |
| EBITDA | $199M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $168M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $73M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $271M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $118M |
| NET CASH FROM INVESTING | $118M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $271M |
| Net Change in Cash | $376M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $1.2B |
| Net Receivables | $398M |
| Inventory | $2M |
| Other Current Assets | $383M |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $103M |
| Goodwill | $2.9B |
| Intangible Assets | $694M |
| Long-Term Investments | $2.5B |
| Tax Assets | $51M |
| Other Non-Current Assets | $88M |
| TOTAL NON-CURRENT ASSETS | $6.3B |
| TOTAL ASSETS | $10.1B |
| Account Payables | $777M |
| Short-Term Debt | $0 |
| Deferred Revenue | $341M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $798M |
| Deferred Revenue NC | $19M |
| Deferred Tax Liabilities | $28M |
| Other Non-Current Liabilities | $146.1K |
| TOTAL NON-CURRENT LIABILITIES | $887M |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $292.2K |
| Additional Paid-In Capital | $5.3B |
| Retained Earnings | $1.9B |
| Treasury Stock | -$890M |
| Accum. Other Comp. Income | $1.1B |
| Other Equity | -$33M |
| TOTAL STOCKHOLDERS' EQUITY | $7.4B |
| Minority Interest | $158M |
| TOTAL EQUITY | $7.6B |
| TOTAL LIABILITIES & EQUITY | $10.1B |
| Total Debt | $857M |
| Net Debt | -$916M |
