| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $691M | $836M | $609M | -17.4% | 13.5% |
| Op. Income | $195M | $262M | $171M | -25.5% | 14.1% |
| Gross Margin | 58.6% | 58.0% | 58.2% | 0.6pp | 0.4pp |
| Net Margin | 23.1% | 25.9% | 24.3% | -2.7pp | -1.2pp |
| EPS (Diluted) | $2.62 | $3.52 | $2.37 | -25.6% | 10.5% |
| Free Cash Flow | $165M | $173M | $179M | -4.6% | -7.6% |
| Item | Amount |
|---|---|
| REVENUE | $691M |
| Cost of Revenue | $286M |
| GROSS PROFIT | $405M |
| R&D Expenses | $40M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $157M |
| Other Expenses | $11M |
| Operating Expenses | $209M |
| Cost & Expenses | $495M |
| OPERATING INCOME | $195M |
| Interest Income | $2M |
| Interest Expense | $11M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $187M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $160M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $160M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $160M |
| D&A | $33M |
| EBIT | $198M |
| EBITDA | $230M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $691M |
| Cost of Revenue | $286M |
| GROSS PROFIT | $405M |
| R&D Expenses | $40M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $157M |
| Other Expenses | $11M |
| Operating Expenses | $209M |
| Cost & Expenses | $495M |
| OPERATING INCOME | $195M |
| Interest Income | $2M |
| Interest Expense | $11M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $187M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $160M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $160M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $160M |
| D&A | $33M |
| EBIT | $198M |
| EBITDA | $230M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $160M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $198M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | $7M |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $54M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | $19M |
| Net Debt Issuance | -$70M |
| Common Stock Repurchased | -$170M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $13M |
| NET CASH FROM FINANCING | -$227M |
| FREE CASH FLOW | $165M |
| Net Change in Cash | -$21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $480M |
| Short-Term Investments | $23M |
| Net Receivables | $607M |
| Inventory | $382M |
| Other Current Assets | $93M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $634M |
| Goodwill | $436M |
| Intangible Assets | $236M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $150M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $3.0B |
| Account Payables | $93M |
| Short-Term Debt | $0 |
| Deferred Revenue | $315M |
| Other Current Liabilities | $161M |
| TOTAL CURRENT LIABILITIES | $688M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $473M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | $8.0B |
| Treasury Stock | -$9.6B |
| Accum. Other Comp. Income | -$118M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $375M |
| Minority Interest | $0 |
| TOTAL EQUITY | $375M |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $1.5B |
| Net Debt | $1.1B |
