| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $2.8B | $3.1B | 13.4% | 3.6% |
| Op. Income | $312M | $326M | $460M | -4.3% | -32.3% |
| Gross Margin | 34.4% | 36.2% | 36.0% | -1.8pp | -1.6pp |
| Net Margin | 7.6% | 10.7% | 10.2% | -3.1pp | -2.7pp |
| EPS (Diluted) | $2.82 | $3.40 | $3.25 | -17.1% | -13.2% |
| Free Cash Flow | $578M | -$133M | $68M | 534.8% | 748.1% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $765M |
| Other Expenses | $33M |
| Operating Expenses | $798M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $312M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | $326M |
| Income Tax Expense | $82M |
| Net Income from Continuing Ops | $244M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $244M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $244M |
| D&A | $87M |
| EBIT | $340M |
| EBITDA | $427M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $765M |
| Other Expenses | $33M |
| Operating Expenses | $798M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $312M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | $326M |
| Income Tax Expense | $82M |
| Net Income from Continuing Ops | $244M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $244M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $244M |
| D&A | $87M |
| EBIT | $340M |
| EBITDA | $427M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $244M |
| Depreciation & Amortization | $87M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | $573.0K |
| Change in Working Capital | $388M |
| OPERATING CASH FLOW | $742M |
| Capital Expenditure | -$164M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$16M |
| NET CASH FROM INVESTING | -$180M |
| Net Debt Issuance | -$14M |
| Common Stock Repurchased | -$203M |
| Common Dividends Paid | -$84M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$302M |
| FREE CASH FLOW | $578M |
| Net Change in Cash | $259M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $0 |
| Net Receivables | $154M |
| Inventory | $2.9B |
| Other Current Assets | $115M |
| TOTAL CURRENT ASSETS | $5.0B |
| PP&E (Net) | $3.8B |
| Goodwill | $251M |
| Intangible Assets | $63M |
| Long-Term Investments | $0 |
| Tax Assets | $24M |
| Other Non-Current Assets | $208M |
| TOTAL NON-CURRENT ASSETS | $4.3B |
| TOTAL ASSETS | $9.4B |
| Account Payables | $1.3B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $305M |
| TOTAL CURRENT LIABILITIES | $2.8B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $178M |
| TOTAL NON-CURRENT LIABILITIES | $3.9B |
| TOTAL LIABILITIES | $6.7B |
| Common Stock | $838.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $5.3B |
| Treasury Stock | -$4.0B |
| Accum. Other Comp. Income | -$277.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $9.4B |
| Total Debt | $4.3B |
| Net Debt | $2.4B |
