| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.6B | $1.6B | 10.6% | 9.0% |
| Op. Income | $234M | $206M | $147M | 13.4% | 58.6% |
| Gross Margin | 38.6% | 39.7% | 34.5% | -1.1pp | 4.1pp |
| Net Margin | 7.0% | 7.5% | 6.2% | -0.5pp | 0.8pp |
| EPS (Diluted) | $1.30 | $1.26 | $1.06 | 3.6% | 22.9% |
| Free Cash Flow | $158M | $132M | $102M | 20.0% | 55.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $672M |
| R&D Expenses | $0 |
| Selling & Marketing | $192.8K |
| General & Administrative | $437M |
| SG&A Expenses | $438M |
| Other Expenses | $224.0K |
| Operating Expenses | $438M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $234M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$69M |
| INCOME BEFORE TAX | $165M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $122M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $122M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $122M |
| D&A | $44M |
| EBIT | $194M |
| EBITDA | $238M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $672M |
| R&D Expenses | $0 |
| Selling & Marketing | $192.8K |
| General & Administrative | $437M |
| SG&A Expenses | $438M |
| Other Expenses | $224.0K |
| Operating Expenses | $438M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $234M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$69M |
| INCOME BEFORE TAX | $165M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $122M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $122M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $122M |
| D&A | $44M |
| EBIT | $194M |
| EBITDA | $238M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $122M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$49M |
| Other Non-Cash Items | $64M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | $199M |
| Capital Expenditure | -$40M |
| Acquisitions (Net) | -$6M |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | $109.0K |
| NET CASH FROM INVESTING | -$46M |
| Net Debt Issuance | -$572.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $158M |
| Net Change in Cash | $140M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $430M |
| Short-Term Investments | $0 |
| Net Receivables | $699M |
| Inventory | $334M |
| Other Current Assets | $65M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $1.3B |
| Goodwill | $166M |
| Intangible Assets | $838M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $132M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $4.0B |
| Account Payables | $557M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $122M |
| TOTAL CURRENT LIABILITIES | $892M |
| Long-Term Debt | $599M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $152M |
| Other Non-Current Liabilities | $857M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $13M |
| Additional Paid-In Capital | $136M |
| Retained Earnings | $1.3B |
| Treasury Stock | -$61M |
| Accum. Other Comp. Income | -$56M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $4.0B |
| Total Debt | $743M |
| Net Debt | $312M |
