| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $634M | $627M | $720M | 1.1% | -11.9% |
| Op. Income | $376M | $42M | $53M | 795.2% | 609.4% |
| Gross Margin | 20.5% | 20.3% | 18.2% | 0.2pp | 2.3pp |
| Net Margin | 44.0% | 4.0% | 4.9% | 40.0pp | 39.1pp |
| EPS (Diluted) | $1.92 | $0.12 | $0.24 | 1500.0% | 700.0% |
| Free Cash Flow | -$17M | $4M | $61M | -525.0% | -127.9% |
| Item | Amount |
|---|---|
| REVENUE | $634M |
| Cost of Revenue | $504M |
| GROSS PROFIT | $130M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $101M |
| SG&A Expenses | $101M |
| Other Expenses | -$347M |
| Operating Expenses | -$246M |
| Cost & Expenses | $258M |
| OPERATING INCOME | $376M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $367M |
| Income Tax Expense | $88M |
| Net Income from Continuing Ops | $279M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $279M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $279M |
| D&A | $17M |
| EBIT | $376M |
| EBITDA | $393M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $634M |
| Cost of Revenue | $504M |
| GROSS PROFIT | $130M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $101M |
| SG&A Expenses | $101M |
| Other Expenses | -$347M |
| Operating Expenses | -$246M |
| Cost & Expenses | $258M |
| OPERATING INCOME | $376M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $367M |
| Income Tax Expense | $88M |
| Net Income from Continuing Ops | $279M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $279M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $279M |
| D&A | $17M |
| EBIT | $376M |
| EBITDA | $393M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $279M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | -$350M |
| Change in Working Capital | $54M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $483M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $470M |
| Net Debt Issuance | -$70M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$396M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$472M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $63M |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $246M |
| Other Current Assets | $39M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $362M |
| Goodwill | $952M |
| Intangible Assets | $45M |
| Long-Term Investments | $0 |
| Tax Assets | $49M |
| Other Non-Current Assets | $92M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $2.9B |
| Account Payables | $285M |
| Short-Term Debt | $67M |
| Deferred Revenue | $195M |
| Other Current Liabilities | $190M |
| TOTAL CURRENT LIABILITIES | $912M |
| Long-Term Debt | $350M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $70M |
| TOTAL NON-CURRENT LIABILITIES | $481M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $4.6B |
| Retained Earnings | -$3.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$57M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $503M |
| Net Debt | $440M |
