| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $472M | $452M | $456M | 4.3% | 3.5% |
| Op. Income | $45M | $42M | $57M | 8.4% | -20.9% |
| Gross Margin | 38.5% | 38.7% | 39.0% | -0.3pp | -0.5pp |
| Net Margin | 6.5% | 6.9% | 8.8% | -0.3pp | -2.2pp |
| EPS (Diluted) | $0.73 | $0.73 | $0.94 | 0.0% | -22.3% |
| Free Cash Flow | $64M | $115M | $41M | -44.5% | 55.1% |
| Item | Amount |
|---|---|
| REVENUE | $472M |
| Cost of Revenue | $290M |
| GROSS PROFIT | $181M |
| R&D Expenses | $27M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $109M |
| Other Expenses | $0 |
| Operating Expenses | $136M |
| Cost & Expenses | $427M |
| OPERATING INCOME | $45M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $42M |
| EBIT | $46M |
| EBITDA | $88M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $472M |
| Cost of Revenue | $290M |
| GROSS PROFIT | $181M |
| R&D Expenses | $27M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $109M |
| Other Expenses | $0 |
| Operating Expenses | $136M |
| Cost & Expenses | $427M |
| OPERATING INCOME | $45M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $42M |
| EBIT | $46M |
| EBITDA | $88M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $31M |
| Depreciation & Amortization | $42M |
| Stock-Based Compensation | $28M |
| Deferred Income Tax | -$19M |
| Other Non-Cash Items | $499.0K |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $75M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$11M |
| Sales/Maturities of Investments | $23M |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | -$600.0K |
| Net Debt Issuance | -$120M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$117M |
| FREE CASH FLOW | $64M |
| Net Change in Cash | -$43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $131M |
| Short-Term Investments | $29M |
| Net Receivables | $509M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $746M |
| PP&E (Net) | $216M |
| Goodwill | $2.5B |
| Intangible Assets | $1.0B |
| Long-Term Investments | $15M |
| Tax Assets | $0 |
| Other Non-Current Assets | $59M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $122M |
| Short-Term Debt | $30M |
| Deferred Revenue | $497M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $835M |
| Long-Term Debt | $839M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $130M |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $481.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $1.5B |
| Treasury Stock | -$22M |
| Accum. Other Comp. Income | -$750.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $926M |
| Net Debt | $796M |
