| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $853M | $991M | $1.1B | -13.9% | -25.0% |
| Op. Income | $87M | $92M | $136M | -5.2% | -36.3% |
| Gross Margin | 33.9% | 33.3% | 33.8% | 0.6pp | 0.1pp |
| Net Margin | 6.2% | 6.1% | 8.1% | 0.1pp | -1.9pp |
| EPS (Diluted) | $1.39 | $1.55 | $2.10 | -10.3% | -33.8% |
| Free Cash Flow | $142M | $171M | $89M | -16.9% | 59.4% |
| Item | Amount |
|---|---|
| REVENUE | $853M |
| Cost of Revenue | $564M |
| GROSS PROFIT | $290M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $163M |
| SG&A Expenses | $163M |
| Other Expenses | $39M |
| Operating Expenses | $203M |
| Cost & Expenses | $767M |
| OPERATING INCOME | $87M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $75M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $53M |
| D&A | $41M |
| EBIT | $87M |
| EBITDA | $128M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $853M |
| Cost of Revenue | $564M |
| GROSS PROFIT | $290M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $163M |
| SG&A Expenses | $163M |
| Other Expenses | $39M |
| Operating Expenses | $203M |
| Cost & Expenses | $767M |
| OPERATING INCOME | $87M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $75M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $53M |
| D&A | $41M |
| EBIT | $87M |
| EBITDA | $128M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $53M |
| Depreciation & Amortization | $39M |
| Stock-Based Compensation | $306.0K |
| Deferred Income Tax | $24M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $49M |
| OPERATING CASH FLOW | $172M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | -$95M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$105M |
| FREE CASH FLOW | $142M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29M |
| Short-Term Investments | $0 |
| Net Receivables | $742M |
| Inventory | $0 |
| Other Current Assets | $42M |
| TOTAL CURRENT ASSETS | $831M |
| PP&E (Net) | $214M |
| Goodwill | $936M |
| Intangible Assets | $410M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $264M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $249M |
| Short-Term Debt | $0 |
| Deferred Revenue | $23M |
| Other Current Liabilities | $204M |
| TOTAL CURRENT LIABILITIES | $707M |
| Long-Term Debt | $939M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $31M |
| Other Non-Current Liabilities | $131M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $504.0K |
| Additional Paid-In Capital | $505M |
| Retained Earnings | $1.4B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$610.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $817M |
| Minority Interest | $0 |
| TOTAL EQUITY | $817M |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $976M |
| Net Debt | $947M |
