| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $762M | $696M | — | 9.5% | — |
| Op. Income | $64M | $50M | — | 29.6% | — |
| Gross Margin | 44.7% | 45.2% | — | -0.5pp | — |
| Net Margin | 6.2% | 4.9% | — | 1.3pp | — |
| EPS (Diluted) | $1.32 | $0.95 | — | 38.9% | — |
| Free Cash Flow | $12M | $77M | — | -85.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $762M |
| Cost of Revenue | $422M |
| GROSS PROFIT | $340M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $274M |
| Other Expenses | $2M |
| Operating Expenses | $274M |
| Cost & Expenses | $695M |
| OPERATING INCOME | $64M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $61M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $2M |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $13M |
| EBIT | $66M |
| EBITDA | $79M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $762M |
| Cost of Revenue | $422M |
| GROSS PROFIT | $340M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $274M |
| Other Expenses | $2M |
| Operating Expenses | $274M |
| Cost & Expenses | $695M |
| OPERATING INCOME | $64M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $61M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $2M |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $13M |
| EBIT | $66M |
| EBITDA | $79M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $47M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $167.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$33M |
| OPERATING CASH FLOW | $32M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | -$22M |
| Common Stock Repurchased | -$25.0K |
| Common Dividends Paid | -$2M |
| Other Financing Activities | -$25.0K |
| NET CASH FROM FINANCING | -$25M |
| FREE CASH FLOW | $12M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $0 |
| Net Receivables | $162M |
| Inventory | $556M |
| Other Current Assets | $71M |
| TOTAL CURRENT ASSETS | $823M |
| PP&E (Net) | $676M |
| Goodwill | $5M |
| Intangible Assets | $201M |
| Long-Term Investments | -$20M |
| Tax Assets | $20M |
| Other Non-Current Assets | $121M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $257M |
| Short-Term Debt | $0 |
| Deferred Revenue | -$354M |
| Other Current Liabilities | $222M |
| TOTAL CURRENT LIABILITIES | $828M |
| Long-Term Debt | $431M |
| Deferred Revenue NC | -$20M |
| Deferred Tax Liabilities | $20M |
| Other Non-Current Liabilities | -$404M |
| TOTAL NON-CURRENT LIABILITIES | $479M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $355.0K |
| Additional Paid-In Capital | $182M |
| Retained Earnings | $357M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$26M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $513M |
| Minority Interest | $7M |
| TOTAL EQUITY | $520M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $786M |
| Net Debt | $752M |
