| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $857M | $885M | $926M | -3.2% | -7.5% |
| Op. Income | $97M | $122M | $128M | -21.0% | -24.3% |
| Gross Margin | 58.7% | 58.2% | 55.2% | 0.5pp | 3.5pp |
| Net Margin | 10.0% | 9.7% | 12.5% | 0.3pp | -2.5pp |
| EPS (Diluted) | $0.34 | $0.34 | $0.45 | 0.0% | -24.4% |
| Free Cash Flow | $100M | $75M | $141M | 32.3% | -29.2% |
| Item | Amount |
|---|---|
| REVENUE | $857M |
| Cost of Revenue | $353M |
| GROSS PROFIT | $503M |
| R&D Expenses | $135M |
| Selling & Marketing | $146M |
| General & Administrative | $104M |
| SG&A Expenses | $250M |
| Other Expenses | $22M |
| Operating Expenses | $406M |
| Cost & Expenses | $760M |
| OPERATING INCOME | $97M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $91M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $44M |
| EBIT | $115M |
| EBITDA | $159M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $857M |
| Cost of Revenue | $353M |
| GROSS PROFIT | $503M |
| R&D Expenses | $135M |
| Selling & Marketing | $146M |
| General & Administrative | $104M |
| SG&A Expenses | $250M |
| Other Expenses | $22M |
| Operating Expenses | $406M |
| Cost & Expenses | $760M |
| OPERATING INCOME | $97M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $91M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $44M |
| EBIT | $115M |
| EBITDA | $159M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $86M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $23M |
| Change in Working Capital | -$75M |
| OPERATING CASH FLOW | $106M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | -$54M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | -$74M |
| Net Debt Issuance | -$69M |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$84M |
| FREE CASH FLOW | $100M |
| Net Change in Cash | -$38M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $271M |
| Short-Term Investments | $0 |
| Net Receivables | $643M |
| Inventory | $403M |
| Other Current Assets | $128M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $340M |
| Goodwill | $4.1B |
| Intangible Assets | $498M |
| Long-Term Investments | $0 |
| Tax Assets | $438M |
| Other Non-Current Assets | $336M |
| TOTAL NON-CURRENT ASSETS | $5.8B |
| TOTAL ASSETS | $7.3B |
| Account Payables | $176M |
| Short-Term Debt | $300M |
| Deferred Revenue | $639M |
| Other Current Liabilities | $324M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $99M |
| Deferred Tax Liabilities | $158M |
| Other Non-Current Liabilities | $175M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | $2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$235M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $7.3B |
| Total Debt | $1.6B |
| Net Debt | $1.4B |
