| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $776M | $872M | $748M | -11.0% | 3.8% |
| Op. Income | $134M | $156M | $135M | -14.5% | -0.7% |
| Gross Margin | 45.5% | 44.2% | 44.8% | 1.3pp | 0.6pp |
| Net Margin | 10.7% | 7.8% | 33.4% | 2.9pp | -22.8pp |
| EPS (Diluted) | $0.53 | $0.43 | $1.50 | 23.3% | -64.7% |
| Free Cash Flow | $67M | $164M | $28M | -59.1% | 137.0% |
| Item | Amount |
|---|---|
| REVENUE | $776M |
| Cost of Revenue | $423M |
| GROSS PROFIT | $353M |
| R&D Expenses | $41M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $178M |
| Other Expenses | -$900.0K |
| Operating Expenses | $219M |
| Cost & Expenses | $643M |
| OPERATING INCOME | $134M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | $109M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $31M |
| EBIT | $133M |
| EBITDA | $164M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $776M |
| Cost of Revenue | $423M |
| GROSS PROFIT | $353M |
| R&D Expenses | $41M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $178M |
| Other Expenses | -$900.0K |
| Operating Expenses | $219M |
| Cost & Expenses | $643M |
| OPERATING INCOME | $134M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | $109M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $31M |
| EBIT | $133M |
| EBITDA | $164M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $83M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$39M |
| OPERATING CASH FLOW | $81M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $20M |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | $9M |
| Net Debt Issuance | -$61M |
| Common Stock Repurchased | -$18M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$87M |
| FREE CASH FLOW | $67M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $208M |
| Short-Term Investments | $0 |
| Net Receivables | $471M |
| Inventory | $351M |
| Other Current Assets | $309M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $135M |
| Goodwill | $1.7B |
| Intangible Assets | $628M |
| Long-Term Investments | $301M |
| Tax Assets | -$301M |
| Other Non-Current Assets | $438M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $4.3B |
| Account Payables | $374M |
| Short-Term Debt | $9M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $49M |
| TOTAL CURRENT LIABILITIES | $883M |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $48M |
| Deferred Tax Liabilities | -$48M |
| Other Non-Current Liabilities | $202M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $3.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $31M |
| Retained Earnings | $850M |
| Treasury Stock | -$346M |
| Accum. Other Comp. Income | $102M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $636M |
| Minority Interest | $4M |
| TOTAL EQUITY | $640M |
| TOTAL LIABILITIES & EQUITY | $4.3B |
| Total Debt | $2.6B |
| Net Debt | $2.4B |
