| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $586M | $574M | $677M | 2.0% | -13.4% |
| Op. Income | $53M | $66M | $91M | -20.8% | -41.9% |
| Gross Margin | 39.0% | 39.7% | 36.9% | -0.7pp | 2.1pp |
| Net Margin | 5.1% | 7.5% | 9.6% | -2.4pp | -4.5pp |
| EPS (Diluted) | $0.11 | $0.18 | $0.26 | -38.9% | -57.7% |
| Free Cash Flow | $70M | $44M | $64M | 57.7% | 9.5% |
| Item | Amount |
|---|---|
| REVENUE | $586M |
| Cost of Revenue | $358M |
| GROSS PROFIT | $229M |
| R&D Expenses | $29M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $147M |
| Other Expenses | $0 |
| Operating Expenses | $176M |
| Cost & Expenses | $534M |
| OPERATING INCOME | $53M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $3M |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $41M |
| EBIT | $53M |
| EBITDA | $94M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $586M |
| Cost of Revenue | $358M |
| GROSS PROFIT | $229M |
| R&D Expenses | $29M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $147M |
| Other Expenses | $0 |
| Operating Expenses | $176M |
| Cost & Expenses | $534M |
| OPERATING INCOME | $53M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $3M |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $41M |
| EBIT | $53M |
| EBITDA | $94M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $30M |
| Depreciation & Amortization | $41M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $200.0K |
| OPERATING CASH FLOW | $84M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$188M |
| NET CASH FROM INVESTING | -$202M |
| Net Debt Issuance | $147M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$19M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $127M |
| FREE CASH FLOW | $70M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $282M |
| Short-Term Investments | $0 |
| Net Receivables | $452M |
| Inventory | $333M |
| Other Current Assets | $155M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $283M |
| Goodwill | $2.4B |
| Intangible Assets | $933M |
| Long-Term Investments | $43M |
| Tax Assets | $49M |
| Other Non-Current Assets | $102M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $5.1B |
| Account Payables | $144M |
| Short-Term Debt | $12M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $223M |
| TOTAL CURRENT LIABILITIES | $378M |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $115M |
| Other Non-Current Liabilities | $219M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $3M |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | -$1.2B |
| Treasury Stock | -$342M |
| Accum. Other Comp. Income | -$362M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $16M |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $5.1B |
| Total Debt | $2.0B |
| Net Debt | $1.8B |
