| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $884M | $965M | 21.3% | 11.2% |
| Op. Income | $318M | $235M | $248M | 35.6% | 28.4% |
| Gross Margin | 57.9% | 53.9% | 51.6% | 4.1pp | 6.3pp |
| Net Margin | 19.8% | 16.9% | 16.6% | 2.9pp | 3.2pp |
| EPS (Diluted) | $3.39 | $2.39 | $2.58 | 41.8% | 31.4% |
| Free Cash Flow | $297M | -$18M | $137M | 1780.6% | 117.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $451M |
| GROSS PROFIT | $621M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $303M |
| Other Expenses | $0 |
| Operating Expenses | $303M |
| Cost & Expenses | $754M |
| OPERATING INCOME | $318M |
| Interest Income | $548.0K |
| Interest Expense | $43M |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | $277M |
| Income Tax Expense | $65M |
| Net Income from Continuing Ops | $212M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $212M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $212M |
| D&A | $13M |
| EBIT | $320M |
| EBITDA | $333M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $451M |
| GROSS PROFIT | $621M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $303M |
| Other Expenses | $0 |
| Operating Expenses | $303M |
| Cost & Expenses | $754M |
| OPERATING INCOME | $318M |
| Interest Income | $548.0K |
| Interest Expense | $43M |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | $277M |
| Income Tax Expense | $65M |
| Net Income from Continuing Ops | $212M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $212M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $212M |
| D&A | $13M |
| EBIT | $320M |
| EBITDA | $333M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $212M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $19M |
| Change in Working Capital | $68M |
| OPERATING CASH FLOW | $321M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | -$258M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$67.0K |
| NET CASH FROM FINANCING | -$259M |
| FREE CASH FLOW | $297M |
| Net Change in Cash | $41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $166M |
| Short-Term Investments | $0 |
| Net Receivables | $440M |
| Inventory | $436M |
| Other Current Assets | $59M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $442M |
| Goodwill | $712M |
| Intangible Assets | $1.8B |
| Long-Term Investments | $3M |
| Tax Assets | $540M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $262M |
| Short-Term Debt | $78M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $197M |
| TOTAL CURRENT LIABILITIES | $666M |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $302M |
| Other Non-Current Liabilities | $234M |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $3.4B |
| Common Stock | $110.0K |
| Additional Paid-In Capital | $813M |
| Retained Earnings | $2.2B |
| Treasury Stock | -$1.7B |
| Accum. Other Comp. Income | -$98M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $2.3B |
| Net Debt | $2.1B |
