| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $901M | $922M | $692M | -2.3% | 30.1% |
| Op. Income | $268M | $13M | $158M | 1887.3% | 69.4% |
| Gross Margin | 42.6% | 43.5% | 44.8% | -0.9pp | -2.2pp |
| Net Margin | 21.9% | -9.6% | 14.4% | 31.5pp | 7.6pp |
| EPS (Diluted) | $1.31 | $-0.59 | $0.73 | 322.0% | 79.5% |
| Free Cash Flow | $11M | $18M | $3M | -38.7% | 240.8% |
| Item | Amount |
|---|---|
| REVENUE | $901M |
| Cost of Revenue | $517M |
| GROSS PROFIT | $384M |
| R&D Expenses | $71M |
| Selling & Marketing | $0 |
| General & Administrative | $146M |
| SG&A Expenses | $146M |
| Other Expenses | -$100M |
| Operating Expenses | $117M |
| Cost & Expenses | $633M |
| OPERATING INCOME | $268M |
| Interest Income | $2M |
| Interest Expense | $81M |
| Other Income/Expenses | -$86M |
| INCOME BEFORE TAX | $181M |
| Income Tax Expense | -$16M |
| Net Income from Continuing Ops | $198M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $198M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $198M |
| D&A | $98M |
| EBIT | $262M |
| EBITDA | $361M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $901M |
| Cost of Revenue | $517M |
| GROSS PROFIT | $384M |
| R&D Expenses | $71M |
| Selling & Marketing | $0 |
| General & Administrative | $146M |
| SG&A Expenses | $146M |
| Other Expenses | -$100M |
| Operating Expenses | $117M |
| Cost & Expenses | $633M |
| OPERATING INCOME | $268M |
| Interest Income | $2M |
| Interest Expense | $81M |
| Other Income/Expenses | -$86M |
| INCOME BEFORE TAX | $181M |
| Income Tax Expense | -$16M |
| Net Income from Continuing Ops | $198M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $198M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $198M |
| D&A | $98M |
| EBIT | $262M |
| EBITDA | $361M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $198M |
| Depreciation & Amortization | $98M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$32M |
| Other Non-Cash Items | -$114M |
| Change in Working Capital | -$35M |
| OPERATING CASH FLOW | $127M |
| Capital Expenditure | -$116M |
| Acquisitions (Net) | $759.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $170M |
| NET CASH FROM INVESTING | $54M |
| Net Debt Issuance | -$315M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$15M |
| Other Financing Activities | -$519.0K |
| NET CASH FROM FINANCING | -$312M |
| FREE CASH FLOW | $11M |
| Net Change in Cash | -$142M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $567M |
| Short-Term Investments | $0 |
| Net Receivables | $436M |
| Inventory | $740M |
| Other Current Assets | $1.2B |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $1.4B |
| Goodwill | $4.0B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $12M |
| Tax Assets | $67M |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $6.9B |
| TOTAL ASSETS | $9.9B |
| Account Payables | $132M |
| Short-Term Debt | $0 |
| Deferred Revenue | $90M |
| Other Current Liabilities | $245M |
| TOTAL CURRENT LIABILITIES | $646M |
| Long-Term Debt | $5.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $301M |
| Other Non-Current Liabilities | $52M |
| TOTAL NON-CURRENT LIABILITIES | $5.9B |
| TOTAL LIABILITIES | $6.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $1.1B |
| Treasury Stock | -$7M |
| Accum. Other Comp. Income | -$28M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $9.9B |
| Total Debt | $5.6B |
| Net Debt | $5.0B |
