| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $944M | $998M | $909M | -5.4% | 3.8% |
| Op. Income | $112M | $109M | $102M | 2.4% | 9.0% |
| Gross Margin | 43.1% | 41.7% | 41.7% | 1.4pp | 1.4pp |
| Net Margin | 8.8% | 7.5% | 8.3% | 1.3pp | 0.5pp |
| EPS (Diluted) | $2.57 | $2.29 | $2.13 | 12.2% | 20.7% |
| Free Cash Flow | $102M | $168M | $29M | -39.2% | 255.6% |
| Item | Amount |
|---|---|
| REVENUE | $944M |
| Cost of Revenue | $537M |
| GROSS PROFIT | $407M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $295M |
| SG&A Expenses | $295M |
| Other Expenses | $0 |
| Operating Expenses | $295M |
| Cost & Expenses | $832M |
| OPERATING INCOME | $112M |
| Interest Income | $2M |
| Interest Expense | $8M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $110M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $22M |
| EBIT | $117M |
| EBITDA | $139M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $944M |
| Cost of Revenue | $537M |
| GROSS PROFIT | $407M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $295M |
| SG&A Expenses | $295M |
| Other Expenses | $0 |
| Operating Expenses | $295M |
| Cost & Expenses | $832M |
| OPERATING INCOME | $112M |
| Interest Income | $2M |
| Interest Expense | $8M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $110M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $22M |
| EBIT | $117M |
| EBITDA | $139M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $83M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$33M |
| Other Non-Cash Items | $33M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $120M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$45M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $400.0K |
| NET CASH FROM FINANCING | -$49M |
| FREE CASH FLOW | $102M |
| Net Change in Cash | $55M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $339M |
| Short-Term Investments | $0 |
| Net Receivables | $523M |
| Inventory | $436M |
| Other Current Assets | $95M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $364M |
| Goodwill | $1.1B |
| Intangible Assets | $496M |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $49M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $3.4B |
| Account Payables | $325M |
| Short-Term Debt | $0 |
| Deferred Revenue | $16M |
| Other Current Liabilities | $231M |
| TOTAL CURRENT LIABILITIES | $596M |
| Long-Term Debt | $495M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $101M |
| Other Non-Current Liabilities | $172M |
| TOTAL NON-CURRENT LIABILITIES | $840M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $3.3B |
| Treasury Stock | -$2.3B |
| Accum. Other Comp. Income | -$126M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $585M |
| Net Debt | $246M |
