| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $722M | $570M | $689M | 26.6% | 4.8% |
| Op. Income | $75M | $55M | $95M | 34.6% | -21.7% |
| Gross Margin | 33.8% | 35.2% | 34.3% | -1.5pp | -0.6pp |
| Net Margin | 6.2% | 5.3% | 10.2% | 0.9pp | -4.0pp |
| EPS (Diluted) | $1.98 | $1.35 | $3.17 | 46.7% | -37.5% |
| Free Cash Flow | $31M | -$110M | $23M | 128.0% | 35.1% |
| Item | Amount |
|---|---|
| REVENUE | $722M |
| Cost of Revenue | $478M |
| GROSS PROFIT | $244M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $169M |
| Operating Expenses | $169M |
| Cost & Expenses | $647M |
| OPERATING INCOME | $75M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $9M |
| EBIT | $75M |
| EBITDA | $84M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $722M |
| Cost of Revenue | $478M |
| GROSS PROFIT | $244M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $169M |
| Operating Expenses | $169M |
| Cost & Expenses | $647M |
| OPERATING INCOME | $75M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $9M |
| EBIT | $75M |
| EBITDA | $84M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $44M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | -$29.0K |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $54M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | -$17M |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $513.0K |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$40M |
| Net Debt Issuance | $7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $645.0K |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | $31M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $226M |
| Short-Term Investments | $0 |
| Net Receivables | $95M |
| Inventory | $739M |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $657M |
| Goodwill | $562M |
| Intangible Assets | $41M |
| Long-Term Investments | $1M |
| Tax Assets | -$1M |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $47M |
| Short-Term Debt | $546M |
| Deferred Revenue | $98M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $820M |
| Long-Term Debt | $399M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $54M |
| Other Non-Current Liabilities | $85M |
| TOTAL NON-CURRENT LIABILITIES | $658M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $29.0K |
| Additional Paid-In Capital | $320M |
| Retained Earnings | $725M |
| Treasury Stock | -$149M |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $900M |
| Minority Interest | $3M |
| TOTAL EQUITY | $902M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $1.1B |
| Net Debt | $849M |
