| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $275M | $289M | $284M | -5.1% | -3.4% |
| Op. Income | $99M | $117M | $126M | -15.2% | -21.8% |
| Gross Margin | 69.7% | 70.5% | 69.1% | -0.8pp | 0.6pp |
| Net Margin | 29.0% | 34.2% | 38.0% | -5.2pp | -9.0pp |
| EPS (Diluted) | $1.38 | $1.73 | $1.89 | -20.2% | -27.0% |
| Free Cash Flow | $177M | $135M | $115M | 31.4% | 54.4% |
| Item | Amount |
|---|---|
| REVENUE | $275M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $191M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $67M |
| Other Expenses | $7M |
| Operating Expenses | $92M |
| Cost & Expenses | $176M |
| OPERATING INCOME | $99M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $94M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $7M |
| EBIT | $99M |
| EBITDA | $106M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $275M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $191M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $67M |
| Other Expenses | $7M |
| Operating Expenses | $92M |
| Cost & Expenses | $176M |
| OPERATING INCOME | $99M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $94M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $7M |
| EBIT | $99M |
| EBITDA | $106M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $80M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $91M |
| OPERATING CASH FLOW | $183M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $1.4B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1.3B |
| NET CASH FROM FINANCING | $90M |
| FREE CASH FLOW | $177M |
| Net Change in Cash | $264M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $264M |
| Short-Term Investments | $0 |
| Net Receivables | $15M |
| Inventory | $122M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $427M |
| PP&E (Net) | $356M |
| Goodwill | $16M |
| Intangible Assets | $19M |
| Long-Term Investments | -$31M |
| Tax Assets | $31M |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $407M |
| TOTAL ASSETS | $834M |
| Account Payables | $51M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $77M |
| TOTAL CURRENT LIABILITIES | $169M |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $31M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | -$681M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$286M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$968M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$968M |
| TOTAL LIABILITIES & EQUITY | $834M |
| Total Debt | $1.6B |
| Net Debt | $1.3B |
