| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.3B | $4.0B | $3.0B | -16.2% | 9.3% |
| Op. Income | $144M | $194M | $98M | -25.8% | 46.6% |
| Gross Margin | 22.1% | 20.4% | 21.8% | 1.7pp | 0.3pp |
| Net Margin | 3.0% | 3.5% | 2.1% | -0.5pp | 0.9pp |
| EPS (Diluted) | $2.67 | $3.67 | $1.71 | -27.2% | 56.1% |
| Free Cash Flow | $27M | $115M | -$24M | -76.9% | 212.7% |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $737M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $594M |
| Operating Expenses | $594M |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $144M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $132M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $100M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $100M |
| D&A | $78M |
| EBIT | $144M |
| EBITDA | $222M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $737M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $594M |
| Operating Expenses | $594M |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $144M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $132M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $100M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $100M |
| D&A | $78M |
| EBIT | $144M |
| EBITDA | $222M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $100M |
| Depreciation & Amortization | $78M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$768.0K |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$41M |
| OPERATING CASH FLOW | $150M |
| Capital Expenditure | -$124M |
| Acquisitions (Net) | -$11M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$131M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | -$686.0K |
| Common Dividends Paid | -$14M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$21M |
| FREE CASH FLOW | $27M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $413M |
| Short-Term Investments | $0 |
| Net Receivables | $133M |
| Inventory | $387M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $958M |
| PP&E (Net) | $4.1B |
| Goodwill | $614M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $25M |
| Other Non-Current Assets | $164M |
| TOTAL NON-CURRENT ASSETS | $4.9B |
| TOTAL ASSETS | $5.8B |
| Account Payables | $518M |
| Short-Term Debt | $38M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $72M |
| TOTAL CURRENT LIABILITIES | $870M |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $545M |
| Other Non-Current Liabilities | $185M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $98M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $5.8B |
| Total Debt | $1.7B |
| Net Debt | $1.3B |
