| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $998M | $1.0B | $903M | -0.3% | 10.5% |
| Op. Income | $227M | $221M | $215M | 2.4% | 5.4% |
| Gross Margin | 35.4% | 33.9% | 36.4% | 1.5pp | -1.0pp |
| Net Margin | 16.8% | 16.3% | 16.6% | 0.5pp | 0.2pp |
| EPS (Diluted) | $0.38 | $0.37 | $0.34 | 2.7% | 11.8% |
| Free Cash Flow | -$25M | -$21M | $109M | -22.0% | -123.0% |
| Item | Amount |
|---|---|
| REVENUE | $998M |
| Cost of Revenue | $644M |
| GROSS PROFIT | $353M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $125M |
| Other Expenses | -$9M |
| Operating Expenses | $127M |
| Cost & Expenses | $771M |
| OPERATING INCOME | $227M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $231M |
| Income Tax Expense | $64M |
| Net Income from Continuing Ops | $167M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $167M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $167M |
| D&A | $43M |
| EBIT | $239M |
| EBITDA | $282M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $998M |
| Cost of Revenue | $644M |
| GROSS PROFIT | $353M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $125M |
| Other Expenses | -$9M |
| Operating Expenses | $127M |
| Cost & Expenses | $771M |
| OPERATING INCOME | $227M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $231M |
| Income Tax Expense | $64M |
| Net Income from Continuing Ops | $167M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $167M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $167M |
| D&A | $43M |
| EBIT | $239M |
| EBITDA | $282M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $167M |
| Depreciation & Amortization | $43M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $22M |
| Other Non-Cash Items | -$41M |
| Change in Working Capital | -$84M |
| OPERATING CASH FLOW | $111M |
| Capital Expenditure | -$136M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$23M |
| NET CASH FROM INVESTING | -$159M |
| Net Debt Issuance | $100M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$130M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$33M |
| FREE CASH FLOW | -$25M |
| Net Change in Cash | -$83M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $91M |
| Short-Term Investments | $0 |
| Net Receivables | $343M |
| Inventory | $320M |
| Other Current Assets | $143M |
| TOTAL CURRENT ASSETS | $969M |
| PP&E (Net) | $1.7B |
| Goodwill | $175M |
| Intangible Assets | $142M |
| Long-Term Investments | $0 |
| Tax Assets | $1.1B |
| Other Non-Current Assets | $125M |
| TOTAL NON-CURRENT ASSETS | $3.2B |
| TOTAL ASSETS | $4.2B |
| Account Payables | $420M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $147M |
| TOTAL CURRENT LIABILITIES | $687M |
| Long-Term Debt | $934M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $84M |
| Other Non-Current Liabilities | $917M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $232M |
| Additional Paid-In Capital | $232M |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$87M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $1.0B |
| Net Debt | $922M |
