| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.5B | $1.4B | -6.5% | -1.9% |
| Op. Income | $225M | $260M | $212M | -13.5% | 6.1% |
| Gross Margin | 47.5% | 45.6% | 44.5% | 1.9pp | 3.0pp |
| Net Margin | 10.7% | 12.4% | 14.3% | -1.7pp | -3.6pp |
| EPS (Diluted) | $2.90 | $3.58 | $3.84 | -19.0% | -24.5% |
| Free Cash Flow | -$92M | $243M | $40M | -137.9% | -330.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $738M |
| GROSS PROFIT | $667M |
| R&D Expenses | $146M |
| Selling & Marketing | $161M |
| General & Administrative | $99M |
| SG&A Expenses | $260M |
| Other Expenses | $36M |
| Operating Expenses | $442M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $225M |
| Interest Income | $0 |
| Interest Expense | $37M |
| Other Income/Expenses | -$40M |
| INCOME BEFORE TAX | $185M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $150M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $150M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $150M |
| D&A | $44M |
| EBIT | $222M |
| EBITDA | $266M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $738M |
| GROSS PROFIT | $667M |
| R&D Expenses | $146M |
| Selling & Marketing | $161M |
| General & Administrative | $99M |
| SG&A Expenses | $260M |
| Other Expenses | $36M |
| Operating Expenses | $442M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $225M |
| Interest Income | $0 |
| Interest Expense | $37M |
| Other Income/Expenses | -$40M |
| INCOME BEFORE TAX | $185M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $150M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $150M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $150M |
| D&A | $44M |
| EBIT | $222M |
| EBITDA | $266M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $150M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$20M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$283M |
| OPERATING CASH FLOW | -$76M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | $72M |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $13M |
| NET CASH FROM FINANCING | $70M |
| FREE CASH FLOW | -$92M |
| Net Change in Cash | -$24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $85M |
| Short-Term Investments | $0 |
| Net Receivables | $758M |
| Inventory | $835M |
| Other Current Assets | $140M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $452M |
| Goodwill | $3.9B |
| Intangible Assets | $604M |
| Long-Term Investments | $148M |
| Tax Assets | $432M |
| Other Non-Current Assets | $125M |
| TOTAL NON-CURRENT ASSETS | $5.7B |
| TOTAL ASSETS | $7.5B |
| Account Payables | $602M |
| Short-Term Debt | $215M |
| Deferred Revenue | $447M |
| Other Current Liabilities | $514M |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $333M |
| Deferred Tax Liabilities | $75M |
| Other Non-Current Liabilities | -$93M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $4.6B |
| Common Stock | $1M |
| Additional Paid-In Capital | $584M |
| Retained Earnings | $4.2B |
| Treasury Stock | -$1.8B |
| Accum. Other Comp. Income | -$66M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $7.5B |
| Total Debt | $2.4B |
| Net Debt | $2.4B |
