| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.1B | -1.5% | 9.1% |
| Op. Income | $119M | $204M | $121M | -41.7% | -1.7% |
| Gross Margin | 22.7% | 26.7% | 21.5% | -4.0pp | 1.2pp |
| Net Margin | 7.1% | 12.0% | 8.3% | -4.9pp | -1.2pp |
| EPS (Diluted) | $1.35 | $2.21 | $1.37 | -38.9% | -1.5% |
| Free Cash Flow | -$104M | $203M | -$27M | -151.2% | -285.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $928M |
| GROSS PROFIT | $272M |
| R&D Expenses | $20M |
| Selling & Marketing | $62M |
| General & Administrative | $48M |
| SG&A Expenses | $110M |
| Other Expenses | $23M |
| Operating Expenses | $153M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $119M |
| Interest Income | $2M |
| Interest Expense | $5M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $116M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $85M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $85M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $85M |
| D&A | $8M |
| EBIT | $126M |
| EBITDA | $134M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $928M |
| GROSS PROFIT | $272M |
| R&D Expenses | $20M |
| Selling & Marketing | $62M |
| General & Administrative | $48M |
| SG&A Expenses | $110M |
| Other Expenses | $23M |
| Operating Expenses | $153M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $119M |
| Interest Income | $2M |
| Interest Expense | $5M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $116M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $85M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $85M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $85M |
| D&A | $8M |
| EBIT | $126M |
| EBITDA | $134M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $85M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $27M |
| Change in Working Capital | -$218M |
| OPERATING CASH FLOW | -$89M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$66M |
| Sales/Maturities of Investments | $103M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $22M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$32M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$32M |
| FREE CASH FLOW | -$104M |
| Net Change in Cash | -$90M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $336M |
| Short-Term Investments | $120M |
| Net Receivables | $318M |
| Inventory | $0 |
| Other Current Assets | $1.1B |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $129M |
| Goodwill | $430M |
| Intangible Assets | $95M |
| Long-Term Investments | $159M |
| Tax Assets | $0 |
| Other Non-Current Assets | $274M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $3.0B |
| Account Payables | $108M |
| Short-Term Debt | $0 |
| Deferred Revenue | $74M |
| Other Current Liabilities | $205M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $495M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $22M |
| Other Non-Current Liabilities | $136M |
| TOTAL NON-CURRENT LIABILITIES | $698M |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $861M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$86M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $763M |
| Minority Interest | $0 |
| TOTAL EQUITY | $763M |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $555M |
| Net Debt | $219M |
