| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $438M | $683M | $738M | -35.9% | -40.7% |
| Op. Income | $14M | $240M | $294M | -94.0% | -95.1% |
| Gross Margin | 5.0% | 38.3% | 42.7% | -33.3pp | -37.7pp |
| Net Margin | 14.6% | 32.3% | 28.5% | -17.7pp | -14.0pp |
| EPS (Diluted) | $0.44 | $1.25 | $1.88 | -64.9% | -76.7% |
| Free Cash Flow | -$111M | $144M | $259M | -177.0% | -142.6% |
| Item | Amount |
|---|---|
| REVENUE | $438M |
| Cost of Revenue | $416M |
| GROSS PROFIT | $22M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $18M |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $18M |
| Cost & Expenses | $434M |
| OPERATING INCOME | $14M |
| Interest Income | $2M |
| Interest Expense | $2M |
| Other Income/Expenses | $63M |
| INCOME BEFORE TAX | $67M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $64M |
| Net Income Deductions | $26M |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $16M |
| EBIT | $73M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $438M |
| Cost of Revenue | $416M |
| GROSS PROFIT | $22M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $18M |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $18M |
| Cost & Expenses | $434M |
| OPERATING INCOME | $14M |
| Interest Income | $2M |
| Interest Expense | $2M |
| Other Income/Expenses | $63M |
| INCOME BEFORE TAX | $67M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $64M |
| Net Income Deductions | $26M |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $16M |
| EBIT | $73M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $64M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | -$11M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | -$97M |
| OPERATING CASH FLOW | -$48M |
| Capital Expenditure | -$62M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$62M |
| Net Debt Issuance | $9M |
| Common Stock Repurchased | -$397M |
| Common Dividends Paid | -$12M |
| Other Financing Activities | -$84.1K |
| NET CASH FROM FINANCING | -$405M |
| FREE CASH FLOW | -$111M |
| Net Change in Cash | -$491M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $340M |
| Short-Term Investments | $0 |
| Net Receivables | $182M |
| Inventory | $633M |
| Other Current Assets | $52M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $711M |
| Goodwill | $0 |
| Intangible Assets | $803.9K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $713M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $65M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $136M |
| TOTAL CURRENT LIABILITIES | $356M |
| Long-Term Debt | $68M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $439M |
| TOTAL NON-CURRENT LIABILITIES | $507M |
| TOTAL LIABILITIES | $863M |
| Common Stock | $702M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $231M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $205M |
| Other Equity | -$16M |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $75M |
| Net Debt | -$264M |
