| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $872M | $788M | $790M | 10.6% | 10.3% |
| Op. Income | $156M | $150M | $161M | 4.1% | -2.8% |
| Gross Margin | 44.2% | 45.7% | 45.1% | -1.5pp | -0.9pp |
| Net Margin | 7.8% | 6.4% | 14.2% | 1.4pp | -6.5pp |
| EPS (Diluted) | $0.43 | $0.32 | $0.66 | 34.4% | -34.8% |
| Free Cash Flow | $164M | $75M | $124M | 119.8% | 32.3% |
| Item | Amount |
|---|---|
| REVENUE | $872M |
| Cost of Revenue | $487M |
| GROSS PROFIT | $385M |
| R&D Expenses | $40M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $188M |
| Other Expenses | $0 |
| Operating Expenses | $229M |
| Cost & Expenses | $716M |
| OPERATING INCOME | $156M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$56M |
| INCOME BEFORE TAX | $101M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $68M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $68M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $68M |
| D&A | $32M |
| EBIT | $168M |
| EBITDA | $200M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $872M |
| Cost of Revenue | $487M |
| GROSS PROFIT | $385M |
| R&D Expenses | $40M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $188M |
| Other Expenses | $0 |
| Operating Expenses | $229M |
| Cost & Expenses | $716M |
| OPERATING INCOME | $156M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$56M |
| INCOME BEFORE TAX | $101M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $68M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $68M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $68M |
| D&A | $32M |
| EBIT | $168M |
| EBITDA | $200M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $68M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$79M |
| Other Non-Cash Items | $115M |
| Change in Working Capital | $40M |
| OPERATING CASH FLOW | $181M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | -$12M |
| Purchases of Investments | -$500.0K |
| Sales/Maturities of Investments | $14M |
| Other Investing Activities | $12M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$53M |
| Common Stock Repurchased | -$40M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$99M |
| FREE CASH FLOW | $164M |
| Net Change in Cash | $83M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $205M |
| Short-Term Investments | $21M |
| Net Receivables | $527M |
| Inventory | $346M |
| Other Current Assets | $167M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $137M |
| Goodwill | $1.7B |
| Intangible Assets | $650M |
| Long-Term Investments | $0 |
| Tax Assets | -$297M |
| Other Non-Current Assets | $731M |
| TOTAL NON-CURRENT ASSETS | $3.0B |
| TOTAL ASSETS | $4.3B |
| Account Payables | $431M |
| Short-Term Debt | $5M |
| Deferred Revenue | $135M |
| Other Current Liabilities | $221M |
| TOTAL CURRENT LIABILITIES | $930M |
| Long-Term Debt | $2.6B |
| Deferred Revenue NC | $49M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $166M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $28M |
| Retained Earnings | $771M |
| Treasury Stock | -$328M |
| Accum. Other Comp. Income | $106M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $577M |
| Minority Interest | $3M |
| TOTAL EQUITY | $580M |
| TOTAL LIABILITIES & EQUITY | $4.3B |
| Total Debt | $2.6B |
| Net Debt | $2.4B |
