| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $2.0B | $1.8B | -1.8% | 13.2% |
| Op. Income | $157M | $182M | $86M | -13.7% | 82.6% |
| Gross Margin | 17.7% | 18.5% | 16.5% | -0.8pp | 1.1pp |
| Net Margin | 5.7% | 5.2% | 3.8% | 0.5pp | 1.9pp |
| EPS (Diluted) | $1.71 | $1.59 | $0.99 | 7.5% | 72.7% |
| Free Cash Flow | -$25M | $25M | $36M | -200.0% | -169.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $351M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $194M |
| Operating Expenses | $194M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $157M |
| Interest Income | $0 |
| Interest Expense | $34M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $124M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $115M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $114M |
| D&A | $55M |
| EBIT | $158M |
| EBITDA | $213M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $351M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $194M |
| Operating Expenses | $194M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $157M |
| Interest Income | $0 |
| Interest Expense | $34M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $124M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $115M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $114M |
| D&A | $55M |
| EBIT | $158M |
| EBITDA | $213M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $114M |
| Depreciation & Amortization | $55M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $30M |
| Change in Working Capital | -$134M |
| OPERATING CASH FLOW | $72M |
| Capital Expenditure | -$97M |
| Acquisitions (Net) | -$22M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$118M |
| Net Debt Issuance | $259M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$48M |
| Other Financing Activities | -$230M |
| NET CASH FROM FINANCING | -$19M |
| FREE CASH FLOW | -$25M |
| Net Change in Cash | -$58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $236M |
| Short-Term Investments | $3M |
| Net Receivables | $1.4B |
| Inventory | $1.6B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $2.4B |
| Goodwill | $900M |
| Intangible Assets | $401M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $544M |
| TOTAL NON-CURRENT ASSETS | $4.3B |
| TOTAL ASSETS | $7.6B |
| Account Payables | $873M |
| Short-Term Debt | $543M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $112M |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $145M |
| Other Non-Current Liabilities | $186M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $4.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $4.2B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$1.0B |
| Other Equity | $48M |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $67M |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $7.6B |
| Total Debt | $2.7B |
| Net Debt | $2.4B |
