| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.2B | $989M | -11.8% | 5.3% |
| Op. Income | $76M | $119M | $77M | -35.9% | -1.2% |
| Gross Margin | 62.5% | 62.2% | 61.1% | 0.4pp | 1.4pp |
| Net Margin | 2.9% | 10.0% | 3.9% | -7.1pp | -1.0pp |
| EPS (Diluted) | $0.16 | $0.58 | $0.19 | -72.4% | -15.8% |
| Free Cash Flow | $123M | -$11M | -$28M | 1232.1% | 545.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $390M |
| GROSS PROFIT | $651M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $552M |
| Other Expenses | $0 |
| Operating Expenses | $574M |
| Cost & Expenses | $965M |
| OPERATING INCOME | $76M |
| Interest Income | $0 |
| Interest Expense | $54M |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $61M |
| EBIT | $81M |
| EBITDA | $142M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $390M |
| GROSS PROFIT | $651M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $552M |
| Other Expenses | $0 |
| Operating Expenses | $574M |
| Cost & Expenses | $965M |
| OPERATING INCOME | $76M |
| Interest Income | $0 |
| Interest Expense | $54M |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $61M |
| EBIT | $81M |
| EBITDA | $142M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $30M |
| Depreciation & Amortization | $61M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | -$26M |
| Change in Working Capital | $192M |
| OPERATING CASH FLOW | $250M |
| Capital Expenditure | -$126M |
| Acquisitions (Net) | -$13M |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$139M |
| Net Debt Issuance | $50M |
| Common Stock Repurchased | -$17M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $34M |
| FREE CASH FLOW | $123M |
| Net Change in Cash | $139M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $331M |
| Short-Term Investments | $0 |
| Net Receivables | $365M |
| Inventory | $737M |
| Other Current Assets | $111M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $3.7B |
| Goodwill | $2.0B |
| Intangible Assets | $1.5B |
| Long-Term Investments | $118M |
| Tax Assets | $0 |
| Other Non-Current Assets | $59M |
| TOTAL NON-CURRENT ASSETS | $7.4B |
| TOTAL ASSETS | $9.0B |
| Account Payables | $103M |
| Short-Term Debt | $162M |
| Deferred Revenue | $217M |
| Other Current Liabilities | $317M |
| TOTAL CURRENT LIABILITIES | $909M |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $68M |
| Other Non-Current Liabilities | -$1.4B |
| TOTAL NON-CURRENT LIABILITIES | $4.1B |
| TOTAL LIABILITIES | $5.0B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | $1.0B |
| Treasury Stock | -$45M |
| Accum. Other Comp. Income | -$54M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $9.0B |
| Total Debt | $5.6B |
| Net Debt | $5.3B |
