| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $877M | $859M | $830M | 2.2% | 5.7% |
| Op. Income | $96M | $150M | $133M | -35.6% | -27.4% |
| Gross Margin | 66.4% | 65.1% | 64.2% | 1.4pp | 2.3pp |
| Net Margin | 4.5% | 9.9% | 15.3% | -5.3pp | -10.7pp |
| EPS (Diluted) | $0.20 | $0.43 | $2.55 | -53.5% | -92.2% |
| Free Cash Flow | $51M | $84M | $88M | -39.5% | -42.8% |
| Item | Amount |
|---|---|
| REVENUE | $877M |
| Cost of Revenue | $295M |
| GROSS PROFIT | $583M |
| R&D Expenses | $33M |
| Selling & Marketing | $0 |
| General & Administrative | $408M |
| SG&A Expenses | $408M |
| Other Expenses | $47M |
| Operating Expenses | $487M |
| Cost & Expenses | $781M |
| OPERATING INCOME | $96M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $66M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $91M |
| EBIT | $92M |
| EBITDA | $183M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $877M |
| Cost of Revenue | $295M |
| GROSS PROFIT | $583M |
| R&D Expenses | $33M |
| Selling & Marketing | $0 |
| General & Administrative | $408M |
| SG&A Expenses | $408M |
| Other Expenses | $47M |
| Operating Expenses | $487M |
| Cost & Expenses | $781M |
| OPERATING INCOME | $96M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $66M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $91M |
| EBIT | $92M |
| EBITDA | $183M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $40M |
| Depreciation & Amortization | $91M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $69M |
| Change in Working Capital | -$75M |
| OPERATING CASH FLOW | $124M |
| Capital Expenditure | -$74M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$82M |
| Net Debt Issuance | -$53M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | -$47M |
| FREE CASH FLOW | $51M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $112M |
| Short-Term Investments | $0 |
| Net Receivables | $565M |
| Inventory | $699M |
| Other Current Assets | $224M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $1.5B |
| Goodwill | $3.7B |
| Intangible Assets | $1.8B |
| Long-Term Investments | $0 |
| Tax Assets | $2.4B |
| Other Non-Current Assets | $585M |
| TOTAL NON-CURRENT ASSETS | $9.9B |
| TOTAL ASSETS | $11.5B |
| Account Payables | $242M |
| Short-Term Debt | $58M |
| Deferred Revenue | $120M |
| Other Current Liabilities | $513M |
| TOTAL CURRENT LIABILITIES | $949M |
| Long-Term Debt | $2.6B |
| Deferred Revenue NC | $183M |
| Deferred Tax Liabilities | $139M |
| Other Non-Current Liabilities | $325M |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $5M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $6.7B |
| Treasury Stock | -$712M |
| Accum. Other Comp. Income | -$424M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.4B |
| Minority Interest | $200.0K |
| TOTAL EQUITY | $7.4B |
| TOTAL LIABILITIES & EQUITY | $11.5B |
| Total Debt | $2.6B |
| Net Debt | $2.5B |
