| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.9B | $5.0B | $4.8B | -0.8% | 2.9% |
| Op. Income | $199M | $200M | $192M | -0.4% | 3.9% |
| Gross Margin | 18.3% | 18.1% | 18.3% | 0.3pp | -0.0pp |
| Net Margin | 2.6% | 2.6% | 2.7% | 0.0pp | -0.1pp |
| EPS (Diluted) | $0.97 | $0.97 | $0.95 | 0.0% | 2.1% |
| Free Cash Flow | $54M | $34M | $67M | 56.8% | -20.0% |
| Item | Amount |
|---|---|
| REVENUE | $4.9B |
| Cost of Revenue | $4.0B |
| GROSS PROFIT | $902M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $697M |
| Other Expenses | $6M |
| Operating Expenses | $703M |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $199M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $181M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $130M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $130M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $130M |
| D&A | $57M |
| EBIT | $199M |
| EBITDA | $257M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.9B |
| Cost of Revenue | $4.0B |
| GROSS PROFIT | $902M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $697M |
| Other Expenses | $6M |
| Operating Expenses | $703M |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $199M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $181M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $130M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $130M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $130M |
| D&A | $57M |
| EBIT | $199M |
| EBITDA | $257M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $130M |
| Depreciation & Amortization | $57M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$29M |
| OPERATING CASH FLOW | $175M |
| Capital Expenditure | -$121M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$127M |
| Net Debt Issuance | -$24M |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$40M |
| FREE CASH FLOW | $54M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $0 |
| Net Receivables | $225M |
| Inventory | $1.7B |
| Other Current Assets | $81M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $3.7B |
| Goodwill | $1.0B |
| Intangible Assets | $110M |
| Long-Term Investments | $0 |
| Tax Assets | $7M |
| Other Non-Current Assets | $40M |
| TOTAL NON-CURRENT ASSETS | $4.8B |
| TOTAL ASSETS | $6.8B |
| Account Payables | $1.3B |
| Short-Term Debt | $434M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.7B |
| Long-Term Debt | $398M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $65M |
| Other Non-Current Liabilities | $196M |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $5.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $993M |
| Retained Earnings | $1.0B |
| Treasury Stock | -$664M |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $6.8B |
| Total Debt | $3.1B |
| Net Debt | $3.1B |
