| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $861M | $998M | $900M | -13.7% | -4.4% |
| Op. Income | $163M | $227M | $202M | -28.1% | -19.4% |
| Gross Margin | 33.6% | 35.4% | 35.8% | -1.8pp | -2.2pp |
| Net Margin | 11.6% | 16.8% | 15.0% | -5.2pp | -3.4pp |
| EPS (Diluted) | $0.23 | $0.38 | $0.30 | -39.5% | -23.3% |
| Free Cash Flow | $27M | -$25M | $129M | 207.6% | -79.2% |
| Item | Amount |
|---|---|
| REVENUE | $861M |
| Cost of Revenue | $571M |
| GROSS PROFIT | $290M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $115M |
| Other Expenses | $2M |
| Operating Expenses | $127M |
| Cost & Expenses | $698M |
| OPERATING INCOME | $163M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $156M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $100M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $100M |
| D&A | $44M |
| EBIT | $163M |
| EBITDA | $207M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $861M |
| Cost of Revenue | $571M |
| GROSS PROFIT | $290M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $115M |
| Other Expenses | $2M |
| Operating Expenses | $127M |
| Cost & Expenses | $698M |
| OPERATING INCOME | $163M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $156M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $100M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $100M |
| D&A | $44M |
| EBIT | $163M |
| EBITDA | $207M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $100M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $18M |
| Other Non-Cash Items | -$17M |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $168M |
| Capital Expenditure | -$141M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$143M |
| Net Debt Issuance | $20M |
| Common Stock Repurchased | -$31M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $27M |
| Net Change in Cash | $17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $110M |
| Short-Term Investments | $0 |
| Net Receivables | $286M |
| Inventory | $371M |
| Other Current Assets | $166M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $1.8B |
| Goodwill | $190M |
| Intangible Assets | $153M |
| Long-Term Investments | $0 |
| Tax Assets | $1.0B |
| Other Non-Current Assets | $111M |
| TOTAL NON-CURRENT ASSETS | $3.3B |
| TOTAL ASSETS | $4.3B |
| Account Payables | $397M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $148M |
| TOTAL CURRENT LIABILITIES | $676M |
| Long-Term Debt | $988M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $91M |
| Other Non-Current Liabilities | $924M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $231M |
| Additional Paid-In Capital | $233M |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$57M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $4.3B |
| Total Debt | $1.1B |
| Net Debt | $958M |
