| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $650M | $656M | $712M | -0.8% | -8.6% |
| Op. Income | -$3M | -$2M | $12M | -36.8% | -122.2% |
| Gross Margin | 22.6% | 22.5% | 22.1% | 0.1pp | 0.5pp |
| Net Margin | -3.4% | -2.9% | 0.1% | -0.5pp | -3.5pp |
| EPS (Diluted) | $-0.24 | $-0.20 | $0.01 | -20.0% | -3528.6% |
| Free Cash Flow | $69M | -$57M | $29M | 221.7% | 137.5% |
| Item | Amount |
|---|---|
| REVENUE | $650M |
| Cost of Revenue | $503M |
| GROSS PROFIT | $147M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $139M |
| Other Expenses | $11M |
| Operating Expenses | $150M |
| Cost & Expenses | $653M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | -$8M |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $38M |
| EBIT | -$2M |
| EBITDA | $36M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | -$100.0K |
| Change in Working Capital | $71M |
| OPERATING CASH FLOW | $85M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | -$72M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$79M |
| FREE CASH FLOW | $69M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $0 |
| Net Receivables | $534M |
| Inventory | $0 |
| Other Current Assets | $109M |
| TOTAL CURRENT ASSETS | $653M |
| PP&E (Net) | $414M |
| Goodwill | $2.0B |
| Intangible Assets | $154M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $34M |
| TOTAL NON-CURRENT ASSETS | $2.6B |
| TOTAL ASSETS | $3.3B |
| Account Payables | $141M |
| Short-Term Debt | $12M |
| Deferred Revenue | $88M |
| Other Current Liabilities | $51M |
| TOTAL CURRENT LIABILITIES | $502M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $53M |
| Other Non-Current Liabilities | $132M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$169M |
| Treasury Stock | -$169M |
| Accum. Other Comp. Income | -$100.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $1.4B |
| Net Debt | $1.4B |
