| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.6B | $5.1B | $6.1B | 10.2% | -8.5% |
| Op. Income | $412M | $355M | $435M | 16.0% | -5.3% |
| Gross Margin | 21.0% | 21.3% | 19.0% | -0.3pp | 2.0pp |
| Net Margin | 4.7% | 4.5% | 4.5% | 0.2pp | 0.1pp |
| EPS (Diluted) | $1.93 | $1.68 | $2.04 | 14.9% | -5.4% |
| Free Cash Flow | $189M | $334M | $358M | -43.5% | -47.3% |
| Item | Amount |
|---|---|
| REVENUE | $5.6B |
| Cost of Revenue | $4.4B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $769M |
| Other Expenses | $0 |
| Operating Expenses | $769M |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $412M |
| Interest Income | $0 |
| Interest Expense | $58M |
| Other Income/Expenses | -$59M |
| INCOME BEFORE TAX | $353M |
| Income Tax Expense | $91M |
| Net Income from Continuing Ops | $263M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $263M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $263M |
| D&A | $66M |
| EBIT | $412M |
| EBITDA | $478M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.6B |
| Cost of Revenue | $4.4B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $769M |
| Other Expenses | $0 |
| Operating Expenses | $769M |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $412M |
| Interest Income | $0 |
| Interest Expense | $58M |
| Other Income/Expenses | -$59M |
| INCOME BEFORE TAX | $353M |
| Income Tax Expense | $91M |
| Net Income from Continuing Ops | $263M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $263M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $263M |
| D&A | $66M |
| EBIT | $412M |
| EBITDA | $478M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $263M |
| Depreciation & Amortization | $66M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | -$13M |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$132M |
| OPERATING CASH FLOW | $228M |
| Capital Expenditure | -$40M |
| Acquisitions (Net) | -$53M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$93M |
| Net Debt Issuance | $59M |
| Common Stock Repurchased | -$196M |
| Common Dividends Paid | -$79M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$211M |
| FREE CASH FLOW | $189M |
| Net Change in Cash | -$76M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $204M |
| Short-Term Investments | $0 |
| Net Receivables | $5.0B |
| Inventory | $790M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.5B |
| PP&E (Net) | $332M |
| Goodwill | $4.4B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $314M |
| TOTAL NON-CURRENT ASSETS | $6.5B |
| TOTAL ASSETS | $13.0B |
| Account Payables | $2.9B |
| Short-Term Debt | $658M |
| Deferred Revenue | $442M |
| Other Current Liabilities | $804M |
| TOTAL CURRENT LIABILITIES | $5.0B |
| Long-Term Debt | $5.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $180M |
| Other Non-Current Liabilities | $301M |
| TOTAL NON-CURRENT LIABILITIES | $6.4B |
| TOTAL LIABILITIES | $11.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.6B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$125M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $13.0B |
| Total Debt | $6.6B |
| Net Debt | $6.3B |
