| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.0B | $4.5B | $3.3B | -10.7% | 21.9% |
| Op. Income | $194M | $217M | $143M | -10.6% | 35.7% |
| Gross Margin | 20.4% | 18.8% | 22.0% | 1.6pp | -1.6pp |
| Net Margin | 3.5% | 3.4% | 3.0% | 0.0pp | 0.5pp |
| EPS (Diluted) | $3.67 | $4.09 | $2.59 | -10.3% | 41.7% |
| Free Cash Flow | $115M | $194M | $135M | -41.0% | -15.3% |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $3.2B |
| GROSS PROFIT | $811M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $617M |
| Operating Expenses | $617M |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $194M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $180M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $138M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $138M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $138M |
| D&A | $78M |
| EBIT | $194M |
| EBITDA | $272M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $3.2B |
| GROSS PROFIT | $811M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $617M |
| Operating Expenses | $617M |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $194M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $180M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $138M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $138M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $138M |
| D&A | $78M |
| EBIT | $194M |
| EBITDA | $272M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $138M |
| Depreciation & Amortization | $78M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $557.0K |
| Other Non-Cash Items | $22M |
| Change in Working Capital | -$38M |
| OPERATING CASH FLOW | $210M |
| Capital Expenditure | -$95M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$92M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$140.0K |
| Common Dividends Paid | -$14M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | $115M |
| Net Change in Cash | $102M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $415M |
| Short-Term Investments | $0 |
| Net Receivables | $157M |
| Inventory | $393M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $993M |
| PP&E (Net) | $4.0B |
| Goodwill | $613M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $25M |
| Other Non-Current Assets | $152M |
| TOTAL NON-CURRENT ASSETS | $4.8B |
| TOTAL ASSETS | $5.8B |
| Account Payables | $587M |
| Short-Term Debt | $34M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $64M |
| TOTAL CURRENT LIABILITIES | $921M |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $546M |
| Other Non-Current Liabilities | $171M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $90M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $5.8B |
| Total Debt | $1.7B |
| Net Debt | $1.3B |
