| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $1.2B | 0.8% | 4.8% |
| Op. Income | $138M | $125M | $104M | 10.4% | 33.2% |
| Gross Margin | 30.1% | 29.8% | 28.2% | 0.4pp | 1.9pp |
| Net Margin | 4.7% | 4.8% | 3.6% | -0.0pp | 1.1pp |
| EPS (Diluted) | $0.27 | $0.27 | $0.20 | 0.0% | 35.0% |
| Free Cash Flow | $99M | -$94M | -$17M | 205.3% | 672.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $904M |
| GROSS PROFIT | $390M |
| R&D Expenses | $19M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $210M |
| Other Expenses | $23M |
| Operating Expenses | $252M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $138M |
| Interest Income | $0 |
| Interest Expense | $55M |
| Other Income/Expenses | -$64M |
| INCOME BEFORE TAX | $74M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $61M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $61M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $61M |
| D&A | $66M |
| EBIT | $129M |
| EBITDA | $195M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $904M |
| GROSS PROFIT | $390M |
| R&D Expenses | $19M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $210M |
| Other Expenses | $23M |
| Operating Expenses | $252M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $138M |
| Interest Income | $0 |
| Interest Expense | $55M |
| Other Income/Expenses | -$64M |
| INCOME BEFORE TAX | $74M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $61M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $61M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $61M |
| D&A | $66M |
| EBIT | $129M |
| EBITDA | $195M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $61M |
| Depreciation & Amortization | $66M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $22M |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | $131M |
| Capital Expenditure | -$32M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$31M |
| Net Debt Issuance | -$93M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$91M |
| FREE CASH FLOW | $99M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $520M |
| Short-Term Investments | $0 |
| Net Receivables | $1.3B |
| Inventory | $767M |
| Other Current Assets | $88M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $1.2B |
| Goodwill | $1.5B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $500.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $553M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $7.0B |
| Account Payables | $702M |
| Short-Term Debt | $39M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $588M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $155M |
| Other Non-Current Liabilities | $341M |
| TOTAL NON-CURRENT LIABILITIES | $4.0B |
| TOTAL LIABILITIES | $5.4B |
| Common Stock | $254M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $1.1B |
| Treasury Stock | -$887M |
| Accum. Other Comp. Income | -$420M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $45M |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $7.0B |
| Total Debt | $3.6B |
| Net Debt | $3.0B |
