| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $627M | $612M | $658M | 2.5% | -4.7% |
| Op. Income | $42M | $56M | $51M | -25.0% | -17.6% |
| Gross Margin | 20.3% | 21.9% | 19.3% | -1.6pp | 1.0pp |
| Net Margin | 4.0% | 5.9% | 4.9% | -1.9pp | -0.9pp |
| EPS (Diluted) | $0.12 | $0.25 | $0.22 | -52.0% | -45.5% |
| Free Cash Flow | $4M | -$268M | $48M | 101.5% | -91.7% |
| Item | Amount |
|---|---|
| REVENUE | $627M |
| Cost of Revenue | $500M |
| GROSS PROFIT | $127M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $84M |
| SG&A Expenses | $84M |
| Other Expenses | $1M |
| Operating Expenses | $85M |
| Cost & Expenses | $585M |
| OPERATING INCOME | $42M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $16M |
| EBIT | $42M |
| EBITDA | $58M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $627M |
| Cost of Revenue | $500M |
| GROSS PROFIT | $127M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $84M |
| SG&A Expenses | $84M |
| Other Expenses | $1M |
| Operating Expenses | $85M |
| Cost & Expenses | $585M |
| OPERATING INCOME | $42M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $16M |
| EBIT | $42M |
| EBITDA | $58M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $25M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$31M |
| OPERATING CASH FLOW | $13M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$48M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$48M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | -$44M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $69M |
| Short-Term Investments | $0 |
| Net Receivables | $999M |
| Inventory | $249M |
| Other Current Assets | $203M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $363M |
| Goodwill | $952M |
| Intangible Assets | $47M |
| Long-Term Investments | $0 |
| Tax Assets | $46M |
| Other Non-Current Assets | $98M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $3.0B |
| Account Payables | $291M |
| Short-Term Debt | $140M |
| Deferred Revenue | $156M |
| Other Current Liabilities | $256M |
| TOTAL CURRENT LIABILITIES | $911M |
| Long-Term Debt | $350M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $56M |
| TOTAL NON-CURRENT LIABILITIES | $474M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $4.6B |
| Retained Earnings | -$2.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$54M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $580M |
| Net Debt | $511M |
