| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $628M | $569M | $627M | 10.4% | 0.2% |
| Op. Income | $42M | $25M | $42M | 68.0% | 0.0% |
| Gross Margin | 23.1% | 23.0% | 20.3% | 0.1pp | 2.8pp |
| Net Margin | 5.6% | 2.1% | 4.0% | 3.5pp | 1.6pp |
| EPS (Diluted) | $0.13 | $0.05 | $0.12 | 183.8% | 8.3% |
| Free Cash Flow | -$24M | -$349M | $4M | 93.1% | -700.0% |
| Item | Amount |
|---|---|
| REVENUE | $628M |
| Cost of Revenue | $483M |
| GROSS PROFIT | $145M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $90M |
| SG&A Expenses | $90M |
| Other Expenses | $13M |
| Operating Expenses | $103M |
| Cost & Expenses | $586M |
| OPERATING INCOME | $42M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $20M |
| EBIT | $42M |
| EBITDA | $62M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $628M |
| Cost of Revenue | $483M |
| GROSS PROFIT | $145M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $90M |
| SG&A Expenses | $90M |
| Other Expenses | $13M |
| Operating Expenses | $103M |
| Cost & Expenses | $586M |
| OPERATING INCOME | $42M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $20M |
| EBIT | $42M |
| EBITDA | $62M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $35M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$77M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$118M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$115M |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | -$139M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $35M |
| Short-Term Investments | $0 |
| Net Receivables | $1.2B |
| Inventory | $378M |
| Other Current Assets | $51M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $402M |
| Goodwill | $1.2B |
| Intangible Assets | $161M |
| Long-Term Investments | $0 |
| Tax Assets | $68M |
| Other Non-Current Assets | $98M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $3.7B |
| Account Payables | $290M |
| Short-Term Debt | $136M |
| Deferred Revenue | $292M |
| Other Current Liabilities | $146M |
| TOTAL CURRENT LIABILITIES | $943M |
| Long-Term Debt | $357M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $91M |
| TOTAL NON-CURRENT LIABILITIES | $530M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $3M |
| Additional Paid-In Capital | $5.2B |
| Retained Earnings | -$2.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$47M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $591M |
| Net Debt | $556M |
