| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $619M | $640M | $542M | -3.3% | 14.2% |
| Op. Income | $34M | $60M | $36M | -43.3% | -5.4% |
| Gross Margin | 20.4% | 21.2% | 22.6% | -0.8pp | -2.2pp |
| Net Margin | 4.8% | 8.4% | 5.6% | -3.7pp | -0.8pp |
| EPS (Diluted) | $0.49 | $0.88 | $0.47 | -44.3% | 4.3% |
| Free Cash Flow | -$19M | $92M | $26M | -120.7% | -172.6% |
| Item | Amount |
|---|---|
| REVENUE | $619M |
| Cost of Revenue | $493M |
| GROSS PROFIT | $126M |
| R&D Expenses | $29M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $64M |
| Other Expenses | $0 |
| Operating Expenses | $92M |
| Cost & Expenses | $585M |
| OPERATING INCOME | $34M |
| Interest Income | $366.0K |
| Interest Expense | $11M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $29M |
| EBIT | $34M |
| EBITDA | $63M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $619M |
| Cost of Revenue | $493M |
| GROSS PROFIT | $126M |
| R&D Expenses | $29M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $64M |
| Other Expenses | $0 |
| Operating Expenses | $92M |
| Cost & Expenses | $585M |
| OPERATING INCOME | $34M |
| Interest Income | $366.0K |
| Interest Expense | $11M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $29M |
| EBIT | $34M |
| EBITDA | $63M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $30M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $33.0K |
| Change in Working Capital | -$65M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $908.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $7.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | $42M |
| Common Stock Repurchased | -$26M |
| Common Dividends Paid | -$11M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $99M |
| Short-Term Investments | $0 |
| Net Receivables | $602M |
| Inventory | $574M |
| Other Current Assets | $84M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $922M |
| Goodwill | $794M |
| Intangible Assets | $486M |
| Long-Term Investments | $43M |
| Tax Assets | $25M |
| Other Non-Current Assets | $266M |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $3.9B |
| Account Payables | $219M |
| Short-Term Debt | $184M |
| Deferred Revenue | $29M |
| Other Current Liabilities | $86M |
| TOTAL CURRENT LIABILITIES | $633M |
| Long-Term Debt | $645M |
| Deferred Revenue NC | $402M |
| Deferred Tax Liabilities | $137M |
| Other Non-Current Liabilities | $114M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $106.0K |
| Additional Paid-In Capital | $305M |
| Retained Earnings | $2.7B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$59M |
| Other Equity | $6M |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $3.9B |
| Total Debt | $860M |
| Net Debt | $761M |
