| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $421M | $412M | $347M | 2.2% | 21.3% |
| Op. Income | $63M | $56M | $32M | 12.9% | 94.2% |
| Gross Margin | 24.8% | 24.3% | 20.1% | 0.5pp | 4.7pp |
| Net Margin | 12.8% | 12.6% | 8.2% | 0.3pp | 4.7pp |
| EPS (Diluted) | $0.49 | $0.47 | $0.26 | 4.3% | 88.5% |
| Free Cash Flow | $56M | $13M | $38M | 323.5% | 46.7% |
| Item | Amount |
|---|---|
| REVENUE | $421M |
| Cost of Revenue | $317M |
| GROSS PROFIT | $105M |
| R&D Expenses | $20M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $42M |
| Cost & Expenses | $358M |
| OPERATING INCOME | $63M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $61M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $56M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $71M |
| EBIT | $63M |
| EBITDA | $134M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $421M |
| Cost of Revenue | $317M |
| GROSS PROFIT | $105M |
| R&D Expenses | $20M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $42M |
| Cost & Expenses | $358M |
| OPERATING INCOME | $63M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $61M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $56M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $71M |
| EBIT | $63M |
| EBITDA | $134M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $54M |
| Depreciation & Amortization | $71M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $137M |
| Capital Expenditure | -$81M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$30M |
| NET CASH FROM INVESTING | -$110M |
| Net Debt Issuance | -$31M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$30M |
| FREE CASH FLOW | $56M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $203M |
| Short-Term Investments | $587M |
| Net Receivables | $176M |
| Inventory | $248M |
| Other Current Assets | $42M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $880M |
| Goodwill | $0 |
| Intangible Assets | $17M |
| Long-Term Investments | $27M |
| Tax Assets | $0 |
| Other Non-Current Assets | $90M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $109M |
| Short-Term Debt | $78M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $137M |
| TOTAL CURRENT LIABILITIES | $324M |
| Long-Term Debt | $190M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $98M |
| TOTAL NON-CURRENT LIABILITIES | $289M |
| TOTAL LIABILITIES | $612M |
| Common Stock | $1.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $269M |
| Net Debt | $65M |
