| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.9B | — | -11.6% | — |
| Op. Income | $101M | $167M | — | -39.5% | — |
| Gross Margin | 32.7% | 34.8% | — | -2.1pp | — |
| Net Margin | 4.1% | 6.2% | — | -2.1pp | — |
| EPS (Diluted) | $0.42 | $0.76 | — | -44.7% | — |
| Free Cash Flow | $70M | $168M | — | -58.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $560M |
| R&D Expenses | $52M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $407M |
| Other Expenses | $0 |
| Operating Expenses | $459M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $101M |
| Interest Income | $5M |
| Interest Expense | $14M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $85M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $71M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $67M |
| D&A | $64M |
| EBIT | $99M |
| EBITDA | $163M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $560M |
| R&D Expenses | $52M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $407M |
| Other Expenses | $0 |
| Operating Expenses | $459M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $101M |
| Interest Income | $5M |
| Interest Expense | $14M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $85M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $71M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $67M |
| D&A | $64M |
| EBIT | $99M |
| EBITDA | $163M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $71M |
| Depreciation & Amortization | $64M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$15M |
| Change in Working Capital | -$56M |
| OPERATING CASH FLOW | $78M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | -$6M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | -$452M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$45M |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$505M |
| FREE CASH FLOW | $70M |
| Net Change in Cash | -$442M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $591M |
| Short-Term Investments | $0 |
| Net Receivables | $1.9B |
| Inventory | $863M |
| Other Current Assets | $252M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $561M |
| Goodwill | $2.9B |
| Intangible Assets | $202M |
| Long-Term Investments | $7M |
| Tax Assets | $598M |
| Other Non-Current Assets | $3.2B |
| TOTAL NON-CURRENT ASSETS | $7.4B |
| TOTAL ASSETS | $11.0B |
| Account Payables | $1.3B |
| Short-Term Debt | $553M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $243M |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.0B |
| TOTAL NON-CURRENT LIABILITIES | $4.7B |
| TOTAL LIABILITIES | $7.6B |
| Common Stock | $157M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $5.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $18M |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $11.0B |
| Total Debt | $3.3B |
| Net Debt | $2.7B |
