| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $915M | $922M | $928M | -0.8% | -1.4% |
| Op. Income | $92M | $89M | $72M | 3.4% | 27.8% |
| Gross Margin | 23.1% | 21.9% | 21.7% | 1.2pp | 1.4pp |
| Net Margin | -0.8% | -0.7% | — | -0.1pp | — |
| EPS (Diluted) | $-0.03 | $-0.05 | $-0.01 | 29.9% | -130.9% |
| Free Cash Flow | -$30M | -$34M | -$49M | 11.8% | 38.8% |
| Item | Amount |
|---|---|
| REVENUE | $915M |
| Cost of Revenue | $704M |
| GROSS PROFIT | $211M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $118M |
| Operating Expenses | $119M |
| Cost & Expenses | $823M |
| OPERATING INCOME | $92M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | -$99M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $57M |
| EBIT | $35M |
| EBITDA | $92M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $57M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$62M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | -$30M |
| Net Change in Cash | -$42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $500M |
| Short-Term Investments | $0 |
| Net Receivables | $823M |
| Inventory | $0 |
| Other Current Assets | $109M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $444M |
| Goodwill | $967M |
| Intangible Assets | $324M |
| Long-Term Investments | $0 |
| Tax Assets | $26M |
| Other Non-Current Assets | $175M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $3.5B |
| Account Payables | $169M |
| Short-Term Debt | $41M |
| Deferred Revenue | $80M |
| Other Current Liabilities | $239M |
| TOTAL CURRENT LIABILITIES | $795M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $52M |
| Deferred Tax Liabilities | $75M |
| Other Non-Current Liabilities | $171M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.9B |
| Retained Earnings | -$2.6B |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | -$444M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $927M |
| Minority Interest | $0 |
| TOTAL EQUITY | $927M |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $1.5B |
| Net Debt | $1.0B |
