| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.7B | $6.8B | $5.9B | -0.5% | 14.5% |
| Op. Income | $299M | $291M | $212M | 2.9% | 41.2% |
| Gross Margin | 11.7% | 11.4% | 12.2% | 0.3pp | -0.5pp |
| Net Margin | 3.6% | 2.7% | 2.6% | 0.9pp | 1.1pp |
| EPS (Diluted) | $2.63 | $1.93 | $1.50 | 36.3% | 75.3% |
| Free Cash Flow | -$405M | -$673M | -$242M | 39.9% | -67.0% |
| Item | Amount |
|---|---|
| REVENUE | $6.7B |
| Cost of Revenue | $5.9B |
| GROSS PROFIT | $784M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $485M |
| Other Expenses | $0 |
| Operating Expenses | $485M |
| Cost & Expenses | $6.4B |
| OPERATING INCOME | $299M |
| Interest Income | $0 |
| Interest Expense | $59M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $303M |
| Income Tax Expense | $59M |
| Net Income from Continuing Ops | $244M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $244M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $244M |
| D&A | $35M |
| EBIT | $362M |
| EBITDA | $397M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $6.7B |
| Cost of Revenue | $5.9B |
| GROSS PROFIT | $784M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $485M |
| Other Expenses | $0 |
| Operating Expenses | $485M |
| Cost & Expenses | $6.4B |
| OPERATING INCOME | $299M |
| Interest Income | $0 |
| Interest Expense | $59M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $303M |
| Income Tax Expense | $59M |
| Net Income from Continuing Ops | $244M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $244M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $244M |
| D&A | $35M |
| EBIT | $362M |
| EBITDA | $397M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $244M |
| Depreciation & Amortization | $35M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$603M |
| OPERATING CASH FLOW | -$321M |
| Capital Expenditure | -$83M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$24M |
| NET CASH FROM INVESTING | -$107M |
| Net Debt Issuance | $763M |
| Common Stock Repurchased | -$69M |
| Common Dividends Paid | -$26M |
| Other Financing Activities | -$84.0K |
| NET CASH FROM FINANCING | $668M |
| FREE CASH FLOW | -$405M |
| Net Change in Cash | $244M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $325M |
| Short-Term Investments | $0 |
| Net Receivables | $4.8B |
| Inventory | $5.0B |
| Other Current Assets | $216M |
| TOTAL CURRENT ASSETS | $10.3B |
| PP&E (Net) | $608M |
| Goodwill | $755M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $263M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $11.9B |
| Account Payables | $3.1B |
| Short-Term Debt | $262M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$53M |
| TOTAL CURRENT LIABILITIES | $4.1B |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $264M |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $7.5B |
| Common Stock | $91M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $3.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$429M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.4B |
| TOTAL LIABILITIES & EQUITY | $11.9B |
| Total Debt | $3.5B |
| Net Debt | $3.2B |
