| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.1B | $794M | -7.5% | 30.7% |
| Op. Income | $65M | $57M | $19M | 13.5% | 239.3% |
| Gross Margin | 12.3% | 10.3% | 9.6% | 2.0pp | 2.7pp |
| Net Margin | 2.1% | 3.0% | 0.4% | -0.9pp | 1.7pp |
| EPS (Diluted) | $0.64 | $0.97 | $0.09 | -34.0% | 594.9% |
| Free Cash Flow | $13M | $46M | -$158M | -71.1% | 108.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $909M |
| GROSS PROFIT | $128M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $63M |
| Other Expenses | $0 |
| Operating Expenses | $63M |
| Cost & Expenses | $973M |
| OPERATING INCOME | $65M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | -$300.0K |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $27M |
| EBIT | $52M |
| EBITDA | $79M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $909M |
| GROSS PROFIT | $128M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $63M |
| Other Expenses | $0 |
| Operating Expenses | $63M |
| Cost & Expenses | $973M |
| OPERATING INCOME | $65M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | -$300.0K |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $27M |
| EBIT | $52M |
| EBITDA | $79M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $21M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $16M |
| Other Non-Cash Items | $24M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $98M |
| Capital Expenditure | -$84M |
| Acquisitions (Net) | $14M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $400.0K |
| NET CASH FROM INVESTING | -$70M |
| Net Debt Issuance | -$41M |
| Common Stock Repurchased | -$31M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$83M |
| FREE CASH FLOW | $13M |
| Net Change in Cash | -$58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $342M |
| Short-Term Investments | $0 |
| Net Receivables | $563M |
| Inventory | $888M |
| Other Current Assets | -$48M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $1.7B |
| Goodwill | $128M |
| Intangible Assets | $43M |
| Long-Term Investments | $130M |
| Tax Assets | $38M |
| Other Non-Current Assets | $54M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $3.9B |
| Account Payables | $401M |
| Short-Term Debt | $280M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $946M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $57M |
| Deferred Tax Liabilities | $88M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $374M |
| Retained Earnings | $882M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $202M |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $3.9B |
| Total Debt | $1.7B |
| Net Debt | $1.3B |
