| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.3B | $2.9B | $3.1B | 14.1% | 8.3% |
| Op. Income | $550M | -$21M | $409M | 2680.3% | 34.2% |
| Gross Margin | 27.8% | 24.8% | 24.7% | 3.0pp | 3.2pp |
| Net Margin | 11.5% | -2.7% | 9.0% | 14.2pp | 2.5pp |
| EPS (Diluted) | $0.79 | $-0.16 | $0.57 | 593.8% | 38.6% |
| Free Cash Flow | -$29M | $138M | $20M | -120.9% | -246.7% |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $922M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $373M |
| SG&A Expenses | $373M |
| Other Expenses | $0 |
| Operating Expenses | $373M |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $550M |
| Interest Income | $600.0K |
| Interest Expense | $101M |
| Other Income/Expenses | -$45M |
| INCOME BEFORE TAX | $505M |
| Income Tax Expense | $123M |
| Net Income from Continuing Ops | $382M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $382M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $382M |
| D&A | $93M |
| EBIT | $556M |
| EBITDA | $649M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $922M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $373M |
| SG&A Expenses | $373M |
| Other Expenses | $0 |
| Operating Expenses | $373M |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $550M |
| Interest Income | $600.0K |
| Interest Expense | $101M |
| Other Income/Expenses | -$45M |
| INCOME BEFORE TAX | $505M |
| Income Tax Expense | $123M |
| Net Income from Continuing Ops | $382M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $382M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $382M |
| D&A | $93M |
| EBIT | $556M |
| EBITDA | $649M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $382M |
| Depreciation & Amortization | $93M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$35M |
| Change in Working Capital | -$441M |
| OPERATING CASH FLOW | $34M |
| Capital Expenditure | -$63M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$59M |
| Net Debt Issuance | $251M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | -$159M |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$29M |
| Net Change in Cash | -$28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $0 |
| Net Receivables | $911M |
| Inventory | $2.3B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $2.7B |
| Goodwill | $11.2B |
| Intangible Assets | $3.6B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $19.0B |
| TOTAL ASSETS | $22.4B |
| Account Payables | $1.6B |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.7B |
| Long-Term Debt | $8.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $10.0B |
| TOTAL LIABILITIES | $13.7B |
| Common Stock | $2.9B |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $6.5B |
| Treasury Stock | -$3.1B |
| Accum. Other Comp. Income | -$25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.7B |
| Minority Interest | $71M |
| TOTAL EQUITY | $8.7B |
| TOTAL LIABILITIES & EQUITY | $22.4B |
| Total Debt | $9.4B |
| Net Debt | $9.4B |
