| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $931M | $941M | 11.2% | 10.0% |
| Op. Income | $43M | -$2M | $56M | 2250.0% | -23.2% |
| Gross Margin | 59.7% | 60.0% | 59.7% | -0.3pp | -0.0pp |
| Net Margin | -3.1% | -9.7% | 0.5% | 6.6pp | -3.6pp |
| EPS (Diluted) | $-0.09 | $-0.25 | $0.01 | 63.5% | -1013.0% |
| Free Cash Flow | -$54M | -$93M | $122M | 41.9% | -144.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $417M |
| GROSS PROFIT | $618M |
| R&D Expenses | $85M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $417M |
| Other Expenses | $73M |
| Operating Expenses | $575M |
| Cost & Expenses | $992M |
| OPERATING INCOME | $43M |
| Interest Income | $5M |
| Interest Expense | $58M |
| Other Income/Expenses | -$62M |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | -$29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$32M |
| D&A | $93M |
| EBIT | $39M |
| EBITDA | $132M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$29M |
| Depreciation & Amortization | $93M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$25M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$92M |
| OPERATING CASH FLOW | -$24M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$28M |
| Net Debt Issuance | $93M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $90M |
| FREE CASH FLOW | -$54M |
| Net Change in Cash | $34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $384M |
| Short-Term Investments | $0 |
| Net Receivables | $791M |
| Inventory | $699M |
| Other Current Assets | $441M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $1.3B |
| Goodwill | $4.5B |
| Intangible Assets | $2.0B |
| Long-Term Investments | $12M |
| Tax Assets | $938M |
| Other Non-Current Assets | $195M |
| TOTAL NON-CURRENT ASSETS | $9.0B |
| TOTAL ASSETS | $11.3B |
| Account Payables | $348M |
| Short-Term Debt | $25M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $464M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $2.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $342M |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $4.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $8.3B |
| Retained Earnings | -$116M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.0B |
| Minority Interest | $72M |
| TOTAL EQUITY | $7.0B |
| TOTAL LIABILITIES & EQUITY | $11.3B |
| Total Debt | $2.6B |
| Net Debt | $2.2B |
