| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $766M | $650M | $747M | 17.8% | 2.5% |
| Op. Income | $51M | -$3M | $45M | 2069.2% | 14.5% |
| Gross Margin | 25.9% | 22.6% | 25.3% | 3.3pp | 0.6pp |
| Net Margin | 2.2% | -3.4% | 1.4% | 5.6pp | 0.7pp |
| EPS (Diluted) | $0.18 | $-0.24 | $0.12 | 175.0% | 50.0% |
| Free Cash Flow | $19M | $69M | -$500.0K | -72.4% | 3920.0% |
| Item | Amount |
|---|---|
| REVENUE | $766M |
| Cost of Revenue | $567M |
| GROSS PROFIT | $199M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $137M |
| Other Expenses | $11M |
| Operating Expenses | $147M |
| Cost & Expenses | $715M |
| OPERATING INCOME | $51M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $37M |
| EBIT | $52M |
| EBITDA | $89M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $766M |
| Cost of Revenue | $567M |
| GROSS PROFIT | $199M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $137M |
| Other Expenses | $11M |
| Operating Expenses | $147M |
| Cost & Expenses | $715M |
| OPERATING INCOME | $51M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $37M |
| EBIT | $52M |
| EBITDA | $89M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $17M |
| Depreciation & Amortization | $37M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | $34M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $800.0K |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | -$16M |
| Common Stock Repurchased | -$100.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$25M |
| FREE CASH FLOW | $19M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $0 |
| Net Receivables | $584M |
| Inventory | $0 |
| Other Current Assets | $93M |
| TOTAL CURRENT ASSETS | $687M |
| PP&E (Net) | $416M |
| Goodwill | $2.0B |
| Intangible Assets | $143M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $53M |
| TOTAL NON-CURRENT ASSETS | $2.6B |
| TOTAL ASSETS | $3.3B |
| Account Payables | $145M |
| Short-Term Debt | $12M |
| Deferred Revenue | $79M |
| Other Current Liabilities | $53M |
| TOTAL CURRENT LIABILITIES | $516M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $51M |
| 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 | -$152M |
| Treasury Stock | -$170M |
| Accum. Other Comp. Income | $14M |
| 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 |
