| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $695M | $751M | $636M | -7.5% | 9.2% |
| Op. Income | $23M | $27M | $15M | -15.6% | 47.6% |
| Gross Margin | 9.2% | 9.6% | 9.1% | -0.4pp | 0.2pp |
| Net Margin | 1.8% | 2.8% | 1.7% | -1.0pp | 0.1pp |
| EPS (Diluted) | $0.35 | $0.60 | $0.31 | -41.7% | 12.9% |
| Free Cash Flow | -$64M | -$66M | -$85M | 3.5% | 25.3% |
| Item | Amount |
|---|---|
| REVENUE | $695M |
| Cost of Revenue | $631M |
| GROSS PROFIT | $64M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $38M |
| Other Expenses | $3M |
| Operating Expenses | $41M |
| Cost & Expenses | $672M |
| OPERATING INCOME | $23M |
| Interest Income | $1M |
| Interest Expense | $6M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $11M |
| EBIT | $22M |
| EBITDA | $33M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $695M |
| Cost of Revenue | $631M |
| GROSS PROFIT | $64M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $38M |
| Other Expenses | $3M |
| Operating Expenses | $41M |
| Cost & Expenses | $672M |
| OPERATING INCOME | $23M |
| Interest Income | $1M |
| Interest Expense | $6M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $11M |
| EBIT | $22M |
| EBITDA | $33M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $11.0K |
| Change in Working Capital | -$52M |
| OPERATING CASH FLOW | -$25M |
| Capital Expenditure | -$39M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$39M |
| Net Debt Issuance | $78M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$6M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $67M |
| FREE CASH FLOW | -$64M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $211M |
| Short-Term Investments | $0 |
| Net Receivables | $656M |
| Inventory | $778M |
| Other Current Assets | $46M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $316M |
| Goodwill | $192M |
| Intangible Assets | $58M |
| Long-Term Investments | $0 |
| Tax Assets | $13M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $588M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $422M |
| Short-Term Debt | $3M |
| Deferred Revenue | $186M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $712M |
| Long-Term Debt | $400M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $495.0K |
| Other Non-Current Liabilities | $44M |
| TOTAL NON-CURRENT LIABILITIES | $532M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $4M |
| Additional Paid-In Capital | $518M |
| Retained Earnings | $526M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $491M |
| Net Debt | $280M |
