| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $603M | $525M | — | 14.9% | — |
| Op. Income | $83M | $37M | — | 124.3% | — |
| Gross Margin | 32.7% | 31.4% | — | 1.2pp | — |
| Net Margin | 15.1% | 7.6% | — | 7.5pp | — |
| EPS (Diluted) | $1.65 | $0.76 | — | 117.1% | — |
| Free Cash Flow | $8M | -$86M | — | 109.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $603M |
| Cost of Revenue | $406M |
| GROSS PROFIT | $197M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $79M |
| SG&A Expenses | $79M |
| Other Expenses | $23M |
| Operating Expenses | $114M |
| Cost & Expenses | $520M |
| OPERATING INCOME | $83M |
| Interest Income | $3M |
| Interest Expense | $15M |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $91M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | $92M |
| Net Income from Discontinued Ops | -$1M |
| Other Adjustments | $0 |
| NET INCOME | $91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $91M |
| D&A | $61M |
| EBIT | $105M |
| EBITDA | $166M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $603M |
| Cost of Revenue | $406M |
| GROSS PROFIT | $197M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $79M |
| SG&A Expenses | $79M |
| Other Expenses | $23M |
| Operating Expenses | $114M |
| Cost & Expenses | $520M |
| OPERATING INCOME | $83M |
| Interest Income | $3M |
| Interest Expense | $15M |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $91M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | $92M |
| Net Income from Discontinued Ops | -$1M |
| Other Adjustments | $0 |
| NET INCOME | $91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $91M |
| D&A | $61M |
| EBIT | $105M |
| EBITDA | $166M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $91M |
| Depreciation & Amortization | $61M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | -$33M |
| Change in Working Capital | -$89M |
| OPERATING CASH FLOW | $43M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $15M |
| Other Investing Activities | $17M |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$142M |
| Common Dividends Paid | -$18M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$161M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | -$133M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $399M |
| Short-Term Investments | $0 |
| Net Receivables | $395M |
| Inventory | $730M |
| Other Current Assets | $107M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $1.5B |
| Goodwill | $1.4B |
| Intangible Assets | $940M |
| Long-Term Investments | $0 |
| Tax Assets | $20M |
| Other Non-Current Assets | $732M |
| TOTAL NON-CURRENT ASSETS | $4.6B |
| TOTAL ASSETS | $6.2B |
| Account Payables | $246M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $472M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $175M |
| Other Non-Current Liabilities | $833M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$467M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $6.2B |
| Total Debt | $1.5B |
| Net Debt | $1.1B |
