| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $991M | $888M | 5.0% | 17.2% |
| Op. Income | $75M | $66M | $61M | 13.0% | 23.5% |
| Gross Margin | 13.1% | 13.4% | 12.6% | -0.3pp | 0.6pp |
| Net Margin | 2.7% | 3.8% | 1.6% | -1.0pp | 1.1pp |
| EPS (Diluted) | $0.13 | $0.18 | $0.07 | -27.8% | 89.0% |
| Free Cash Flow | -$21M | -$17M | $43M | -22.3% | -150.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $904M |
| GROSS PROFIT | $137M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $70M |
| SG&A Expenses | $70M |
| Other Expenses | -$8M |
| Operating Expenses | $62M |
| Cost & Expenses | $966M |
| OPERATING INCOME | $75M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $67M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $28M |
| D&A | $35M |
| EBIT | $79M |
| EBITDA | $114M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $904M |
| GROSS PROFIT | $137M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $70M |
| SG&A Expenses | $70M |
| Other Expenses | -$8M |
| Operating Expenses | $62M |
| Cost & Expenses | $966M |
| OPERATING INCOME | $75M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $67M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $28M |
| D&A | $35M |
| EBIT | $79M |
| EBITDA | $114M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $28M |
| Depreciation & Amortization | $35M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $55M |
| Capital Expenditure | -$76M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$450.0K |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | $898.0K |
| NET CASH FROM INVESTING | -$67M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$11M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | -$30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $201M |
| Short-Term Investments | $22M |
| Net Receivables | $157M |
| Inventory | $51M |
| Other Current Assets | $183M |
| TOTAL CURRENT ASSETS | $615M |
| PP&E (Net) | $1.9B |
| Goodwill | $0 |
| Intangible Assets | $66M |
| Long-Term Investments | $40M |
| Tax Assets | $92M |
| Other Non-Current Assets | $101M |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $324M |
| Short-Term Debt | $112M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $250M |
| TOTAL CURRENT LIABILITIES | $776M |
| Long-Term Debt | $713M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $88M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $523M |
| Additional Paid-In Capital | $9M |
| Retained Earnings | $451M |
| Treasury Stock | -$19M |
| Accum. Other Comp. Income | -$559M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $404M |
| Minority Interest | $715.0K |
| TOTAL EQUITY | $404M |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $1.6B |
| Net Debt | $1.4B |
