| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $454M | $458M | $393M | -0.7% | 15.6% |
| Op. Income | $61M | $63M | $64M | -2.4% | -3.9% |
| Gross Margin | 24.4% | 27.9% | 22.8% | -3.5pp | 1.6pp |
| Net Margin | 9.4% | 9.3% | 11.4% | 0.0pp | -2.0pp |
| EPS (Diluted) | $0.50 | $0.50 | $0.53 | 0.0% | -5.7% |
| Free Cash Flow | -$3M | -$42M | $20M | 92.3% | -115.8% |
| Item | Amount |
|---|---|
| REVENUE | $454M |
| Cost of Revenue | $344M |
| GROSS PROFIT | $111M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $500.0K |
| Operating Expenses | $50M |
| Cost & Expenses | $393M |
| OPERATING INCOME | $61M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $54M |
| Income Tax Expense | $12M |
| 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 | $31M |
| EBIT | $61M |
| EBITDA | $92M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $454M |
| Cost of Revenue | $344M |
| GROSS PROFIT | $111M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $500.0K |
| Operating Expenses | $50M |
| Cost & Expenses | $393M |
| OPERATING INCOME | $61M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $54M |
| Income Tax Expense | $12M |
| 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 | $31M |
| EBIT | $61M |
| EBITDA | $92M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $43M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | $54M |
| Capital Expenditure | -$57M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$54M |
| Net Debt Issuance | $8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$11M |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$800.0K |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $104M |
| Short-Term Investments | $0 |
| Net Receivables | $285M |
| Inventory | $361M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $810M |
| PP&E (Net) | $1.7B |
| Goodwill | $188M |
| Intangible Assets | $66M |
| Long-Term Investments | $50M |
| Tax Assets | $0 |
| Other Non-Current Assets | $127M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $2.9B |
| Account Payables | $118M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $276M |
| Long-Term Debt | $777M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $201M |
| TOTAL NON-CURRENT LIABILITIES | $980M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $926M |
| Retained Earnings | $2.2B |
| Treasury Stock | -$1.3B |
| Accum. Other Comp. Income | -$145M |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $779M |
| Net Debt | $675M |
