| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $683M | $711M | — | -3.9% | — |
| Op. Income | $102M | -$66M | — | 255.3% | — |
| Gross Margin | 40.2% | 27.4% | — | 12.8pp | — |
| Net Margin | 7.2% | -8.8% | — | 16.0pp | — |
| EPS (Diluted) | $0.90 | $-1.17 | — | 176.9% | — |
| Free Cash Flow | $139M | $78M | — | 77.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $683M |
| Cost of Revenue | $409M |
| GROSS PROFIT | $275M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $174M |
| SG&A Expenses | $174M |
| Other Expenses | -$2M |
| Operating Expenses | $172M |
| Cost & Expenses | $581M |
| OPERATING INCOME | $102M |
| Interest Income | $2M |
| Interest Expense | $26M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $78M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $16M |
| EBIT | $104M |
| EBITDA | $120M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $683M |
| Cost of Revenue | $409M |
| GROSS PROFIT | $275M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $174M |
| SG&A Expenses | $174M |
| Other Expenses | -$2M |
| Operating Expenses | $172M |
| Cost & Expenses | $581M |
| OPERATING INCOME | $102M |
| Interest Income | $2M |
| Interest Expense | $26M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $78M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $16M |
| EBIT | $104M |
| EBITDA | $120M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $49M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $66M |
| OPERATING CASH FLOW | $147M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6.0K |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $37M |
| Common Stock Repurchased | -$85M |
| Common Dividends Paid | -$115M |
| Other Financing Activities | -$25.0K |
| NET CASH FROM FINANCING | -$163M |
| FREE CASH FLOW | $139M |
| Net Change in Cash | -$24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $152M |
| Short-Term Investments | $0 |
| Net Receivables | $359M |
| Inventory | $555M |
| Other Current Assets | $65M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $437M |
| Goodwill | $328M |
| Intangible Assets | $651M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $152M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $382M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $162M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $21M |
| Additional Paid-In Capital | $652M |
| Retained Earnings | $246M |
| Treasury Stock | -$511M |
| Accum. Other Comp. Income | -$68M |
| Other Equity | -$5M |
| TOTAL STOCKHOLDERS' EQUITY | $336M |
| Minority Interest | $0 |
| TOTAL EQUITY | $336M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $1.7B |
| Net Debt | $1.6B |
