| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $949M | 7.2% | 19.3% |
| Op. Income | $112M | $92M | $68M | 21.5% | 64.4% |
| Gross Margin | 40.1% | 40.3% | 39.0% | -0.3pp | 1.1pp |
| Net Margin | 5.1% | 7.2% | 4.1% | -2.1pp | 1.0pp |
| EPS (Diluted) | $0.38 | $0.51 | $0.25 | -25.5% | 52.0% |
| Free Cash Flow | $202M | -$296M | $87M | 168.3% | 131.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $679M |
| GROSS PROFIT | $454M |
| R&D Expenses | $166M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $176M |
| Other Expenses | $0 |
| Operating Expenses | $342M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $112M |
| Interest Income | $10M |
| Interest Expense | $24M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $87M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $58M |
| D&A | $37M |
| EBIT | $111M |
| EBITDA | $148M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $679M |
| GROSS PROFIT | $454M |
| R&D Expenses | $166M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $176M |
| Other Expenses | $0 |
| Operating Expenses | $342M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $112M |
| Interest Income | $10M |
| Interest Expense | $24M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $87M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $58M |
| D&A | $37M |
| EBIT | $111M |
| EBITDA | $148M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $58M |
| Depreciation & Amortization | $37M |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $17M |
| Change in Working Capital | $82M |
| OPERATING CASH FLOW | $230M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$73M |
| Sales/Maturities of Investments | $2.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$101M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $202M |
| Net Change in Cash | $113M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $150M |
| Net Receivables | $1.3B |
| Inventory | $1.1B |
| Other Current Assets | $75M |
| TOTAL CURRENT ASSETS | $3.9B |
| PP&E (Net) | $319M |
| Goodwill | $446M |
| Intangible Assets | $231M |
| Long-Term Investments | $25M |
| Tax Assets | $795M |
| Other Non-Current Assets | $90M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $5.8B |
| Account Payables | $445M |
| Short-Term Debt | $12M |
| Deferred Revenue | $203M |
| Other Current Liabilities | $301M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $68M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $155M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $1M |
| Additional Paid-In Capital | $6.4B |
| Retained Earnings | -$3.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$40M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $5.8B |
| Total Debt | $1.6B |
| Net Debt | $452M |
