| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.5B | $7.3B | $7.0B | 3.6% | 7.6% |
| Op. Income | $99M | $71M | $107M | 39.4% | -7.5% |
| Gross Margin | 14.6% | 13.4% | 14.9% | 1.1pp | -0.3pp |
| Net Margin | 0.9% | 0.5% | 1.1% | 0.3pp | -0.2pp |
| EPS (Diluted) | $1.07 | $0.64 | $1.25 | 67.2% | -14.4% |
| Free Cash Flow | -$329M | $269M | -$137M | -222.3% | -140.1% |
| Item | Amount |
|---|---|
| REVENUE | $7.5B |
| Cost of Revenue | $6.4B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | -$7M |
| SG&A Expenses | -$7M |
| Other Expenses | $1.0B |
| Operating Expenses | $993M |
| Cost & Expenses | $7.4B |
| OPERATING INCOME | $99M |
| Interest Income | $0 |
| Interest Expense | $35M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $72M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $67M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $66M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $66M |
| D&A | $74M |
| EBIT | $105M |
| EBITDA | $179M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $7.5B |
| Cost of Revenue | $6.4B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | -$7M |
| SG&A Expenses | -$7M |
| Other Expenses | $1.0B |
| Operating Expenses | $993M |
| Cost & Expenses | $7.4B |
| OPERATING INCOME | $99M |
| Interest Income | $0 |
| Interest Expense | $35M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $72M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $67M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $66M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $66M |
| D&A | $74M |
| EBIT | $105M |
| EBITDA | $179M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $66M |
| Depreciation & Amortization | $74M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $25M |
| Change in Working Capital | -$429M |
| OPERATING CASH FLOW | -$262M |
| Capital Expenditure | -$67M |
| Acquisitions (Net) | $7M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$61M |
| Net Debt Issuance | $371M |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$40M |
| NET CASH FROM FINANCING | $319M |
| FREE CASH FLOW | -$329M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39M |
| Short-Term Investments | $0 |
| Net Receivables | $1.4B |
| Inventory | $2.8B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.4B |
| PP&E (Net) | $2.9B |
| Goodwill | $20M |
| Intangible Assets | $801M |
| Long-Term Investments | $22M |
| Tax Assets | -$22M |
| Other Non-Current Assets | $125M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $8.2B |
| Account Payables | $1.9B |
| Short-Term Debt | $14M |
| Deferred Revenue | $428M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $17M |
| Other Non-Current Liabilities | $199M |
| TOTAL NON-CURRENT LIABILITIES | $3.8B |
| TOTAL LIABILITIES | $6.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $583M |
| Retained Earnings | $1.3B |
| Treasury Stock | -$36M |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $8.2B |
| Total Debt | $2.5B |
| Net Debt | $2.5B |
