| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.2B | 1.6% | 2.3% |
| Op. Income | $169M | $56M | $204M | 201.8% | -17.2% |
| Gross Margin | 25.4% | 18.9% | 26.7% | 6.4pp | -1.3pp |
| Net Margin | 10.5% | 3.9% | 12.0% | 6.6pp | -1.5pp |
| EPS (Diluted) | $2.18 | $0.77 | $2.21 | 183.1% | -1.4% |
| Free Cash Flow | -$94M | $469M | $203M | -120.0% | -146.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $930M |
| GROSS PROFIT | $316M |
| R&D Expenses | $17M |
| Selling & Marketing | $69M |
| General & Administrative | $43M |
| SG&A Expenses | $112M |
| Other Expenses | $18M |
| Operating Expenses | $147M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $169M |
| Interest Income | $18M |
| Interest Expense | $7M |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $180M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $131M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $131M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $131M |
| D&A | $20M |
| EBIT | $187M |
| EBITDA | $207M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $930M |
| GROSS PROFIT | $316M |
| R&D Expenses | $17M |
| Selling & Marketing | $69M |
| General & Administrative | $43M |
| SG&A Expenses | $112M |
| Other Expenses | $18M |
| Operating Expenses | $147M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $169M |
| Interest Income | $18M |
| Interest Expense | $7M |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $180M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $131M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $131M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $131M |
| D&A | $20M |
| EBIT | $187M |
| EBITDA | $207M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $131M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$252M |
| OPERATING CASH FLOW | -$77M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$82M |
| Sales/Maturities of Investments | $76M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | $295M |
| Common Stock Repurchased | -$91M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $200M |
| FREE CASH FLOW | -$94M |
| Net Change in Cash | $100M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $707M |
| Short-Term Investments | $89M |
| Net Receivables | $386M |
| Inventory | $0 |
| Other Current Assets | $1.4B |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $60M |
| Goodwill | $462M |
| Intangible Assets | $155M |
| Long-Term Investments | $142M |
| Tax Assets | $0 |
| Other Non-Current Assets | $288M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $3.7B |
| Account Payables | $130M |
| Short-Term Debt | $295M |
| Deferred Revenue | $131M |
| Other Current Liabilities | $223M |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $496M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $135M |
| TOTAL NON-CURRENT LIABILITIES | $676M |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $910M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$83M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $825M |
| Minority Interest | $0 |
| TOTAL EQUITY | $825M |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $843M |
| Net Debt | $136M |
