| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $1.3B | -2.5% | -1.1% |
| Op. Income | $107M | $123M | $147M | -13.5% | -27.6% |
| Gross Margin | 76.3% | 77.0% | 78.0% | -0.7pp | -1.6pp |
| Net Margin | 3.3% | 4.6% | 6.3% | -1.2pp | -3.0pp |
| EPS (Diluted) | $0.43 | $0.60 | $0.83 | -28.3% | -48.2% |
| Free Cash Flow | $49M | $97M | $32M | -50.2% | 52.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $303M |
| GROSS PROFIT | $978M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $455M |
| Other Expenses | $416M |
| Operating Expenses | $871M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $107M |
| Interest Income | $3M |
| Interest Expense | $42M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | $69M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $28M |
| EBIT | $111M |
| EBITDA | $139M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $303M |
| GROSS PROFIT | $978M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $455M |
| Other Expenses | $416M |
| Operating Expenses | $871M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $107M |
| Interest Income | $3M |
| Interest Expense | $42M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | $69M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $28M |
| EBIT | $111M |
| EBITDA | $139M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $43M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | -$18M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $80M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$31M |
| Net Debt Issuance | -$72M |
| Common Stock Repurchased | -$300.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $700.0K |
| NET CASH FROM FINANCING | -$71M |
| FREE CASH FLOW | $49M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $496M |
| Short-Term Investments | $0 |
| Net Receivables | $80M |
| Inventory | $497M |
| Other Current Assets | $274M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $683M |
| Goodwill | $93M |
| Intangible Assets | $314M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $288M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $78M |
| Short-Term Debt | $233M |
| Deferred Revenue | $63M |
| Other Current Liabilities | $443M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $21M |
| Other Non-Current Liabilities | $149M |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $222M |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$253M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$1.1B |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $2.8B |
| Net Debt | $2.3B |
