| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.6B | $1.5B | 2.7% | 11.0% |
| Op. Income | $131M | $133M | $124M | -1.5% | 5.4% |
| Gross Margin | 7.9% | 8.3% | 8.4% | -0.3pp | -0.4pp |
| Net Margin | 5.3% | 5.6% | 6.1% | -0.3pp | -0.8pp |
| EPS (Diluted) | $3.68 | $3.76 | $3.83 | -2.1% | -3.9% |
| Free Cash Flow | $49M | $132M | $111M | -62.6% | -55.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $131M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $131M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $111M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $36M |
| EBIT | $131M |
| EBITDA | $167M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $131M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $131M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $111M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $36M |
| EBIT | $131M |
| EBITDA | $167M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $87M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$17M |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$74M |
| OPERATING CASH FLOW | $62M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | -$63M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$75M |
| FREE CASH FLOW | $49M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $115M |
| Short-Term Investments | $0 |
| Net Receivables | $874M |
| Inventory | $114M |
| Other Current Assets | $73M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $497M |
| Goodwill | $4.1B |
| Intangible Assets | $543M |
| Long-Term Investments | $58M |
| Tax Assets | $0 |
| Other Non-Current Assets | $218M |
| TOTAL NON-CURRENT ASSETS | $5.4B |
| TOTAL ASSETS | $6.6B |
| Account Payables | $271M |
| Short-Term Debt | $31M |
| Deferred Revenue | $110M |
| Other Current Liabilities | $224M |
| TOTAL CURRENT LIABILITIES | $982M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $274M |
| Other Non-Current Liabilities | $211M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $4M |
| Additional Paid-In Capital | $578M |
| Retained Earnings | $3.7B |
| Treasury Stock | -$1.0B |
| Accum. Other Comp. Income | -$17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $135.0K |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $6.6B |
| Total Debt | $1.9B |
| Net Debt | $1.7B |
