| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.5B | $6.7B | $6.5B | -3.0% | 0.4% |
| Op. Income | $314M | $299M | $274M | 4.9% | 14.3% |
| Gross Margin | 12.5% | 11.7% | 12.5% | 0.8pp | -0.1pp |
| Net Margin | 2.9% | 3.6% | 2.8% | -0.8pp | 0.1pp |
| EPS (Diluted) | $2.03 | $2.63 | $1.84 | -22.8% | 10.3% |
| Free Cash Flow | -$8M | -$405M | $232M | 98.0% | -103.5% |
| Item | Amount |
|---|---|
| REVENUE | $6.5B |
| Cost of Revenue | $5.7B |
| GROSS PROFIT | $812M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $498M |
| Other Expenses | $0 |
| Operating Expenses | $498M |
| Cost & Expenses | $6.2B |
| OPERATING INCOME | $314M |
| Interest Income | $0 |
| Interest Expense | $72M |
| Other Income/Expenses | -$70M |
| INCOME BEFORE TAX | $244M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $187M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $187M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $187M |
| D&A | $35M |
| EBIT | $315M |
| EBITDA | $350M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $6.5B |
| Cost of Revenue | $5.7B |
| GROSS PROFIT | $812M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $498M |
| Other Expenses | $0 |
| Operating Expenses | $498M |
| Cost & Expenses | $6.2B |
| OPERATING INCOME | $314M |
| Interest Income | $0 |
| Interest Expense | $72M |
| Other Income/Expenses | -$70M |
| INCOME BEFORE TAX | $244M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $187M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $187M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $187M |
| D&A | $35M |
| EBIT | $315M |
| EBITDA | $350M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $187M |
| Depreciation & Amortization | $35M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $787.0K |
| Change in Working Capital | -$218M |
| OPERATING CASH FLOW | $18M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$47.0K |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | -$360M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$27M |
| Other Financing Activities | $252M |
| NET CASH FROM FINANCING | -$134M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$139M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $186M |
| Short-Term Investments | $0 |
| Net Receivables | $4.7B |
| Inventory | $5.4B |
| Other Current Assets | $233M |
| TOTAL CURRENT ASSETS | $10.4B |
| PP&E (Net) | $623M |
| Goodwill | $771M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $272M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $12.1B |
| Account Payables | $3.1B |
| Short-Term Debt | $128M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$52M |
| TOTAL CURRENT LIABILITIES | $4.0B |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $86M |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $7.5B |
| Common Stock | $91M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $3.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$384M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $12.1B |
| Total Debt | $3.6B |
| Net Debt | $3.4B |
