| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.3B | $4.4B | $6.0B | -1.8% | -27.8% |
| Op. Income | $114M | $133M | $288M | -14.4% | -60.5% |
| Gross Margin | 6.7% | 6.5% | 7.5% | 0.2pp | -0.8pp |
| Net Margin | 1.9% | 2.2% | 3.8% | -0.3pp | -1.9pp |
| EPS (Diluted) | $0.68 | $0.81 | $1.78 | -16.0% | -61.8% |
| Free Cash Flow | $201M | $200M | $594M | 0.3% | -66.2% |
| Item | Amount |
|---|---|
| REVENUE | $4.3B |
| Cost of Revenue | $4.0B |
| GROSS PROFIT | $291M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $178M |
| Other Expenses | $0 |
| Operating Expenses | $178M |
| Cost & Expenses | $4.2B |
| OPERATING INCOME | $114M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $93M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $82M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $82M |
| D&A | $26M |
| EBIT | $114M |
| EBITDA | $139M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.3B |
| Cost of Revenue | $4.0B |
| GROSS PROFIT | $291M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $178M |
| Other Expenses | $0 |
| Operating Expenses | $178M |
| Cost & Expenses | $4.2B |
| OPERATING INCOME | $114M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $93M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $82M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $82M |
| D&A | $26M |
| EBIT | $114M |
| EBITDA | $139M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $82M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | -$13M |
| Other Non-Cash Items | $25M |
| Change in Working Capital | $71M |
| OPERATING CASH FLOW | $205M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | -$153M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$73M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$219M |
| FREE CASH FLOW | $201M |
| Net Change in Cash | -$35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $175M |
| Short-Term Investments | $0 |
| Net Receivables | $2.6B |
| Inventory | $0 |
| Other Current Assets | $137M |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $502M |
| Goodwill | $1.5B |
| Intangible Assets | $47M |
| Long-Term Investments | -$345M |
| Tax Assets | $215M |
| Other Non-Current Assets | $475M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $5.3B |
| Account Payables | $1.4B |
| Short-Term Debt | $663M |
| Deferred Revenue | $7M |
| Other Current Liabilities | $396M |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $921M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $15M |
| Other Non-Current Liabilities | $33M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $3.9B |
| Common Stock | $12M |
| Additional Paid-In Capital | $748M |
| Retained Earnings | $5.7B |
| Treasury Stock | -$4.9B |
| Accum. Other Comp. Income | -$108M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $5.3B |
| Total Debt | $2.0B |
| Net Debt | $1.8B |
