| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $505M | $529M | $494M | -4.5% | 2.3% |
| Op. Income | $107M | $141M | $126M | -23.7% | -14.6% |
| Gross Margin | 39.7% | 43.6% | 42.7% | -3.9pp | -3.0pp |
| Net Margin | 16.0% | 20.1% | 19.4% | -4.1pp | -3.4pp |
| EPS (Diluted) | $1.10 | $1.46 | $1.30 | -24.7% | -15.4% |
| Free Cash Flow | $1M | $90M | $78M | -98.6% | -98.3% |
| Item | Amount |
|---|---|
| REVENUE | $505M |
| Cost of Revenue | $305M |
| GROSS PROFIT | $201M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $57M |
| Other Expenses | $0 |
| Operating Expenses | $93M |
| Cost & Expenses | $398M |
| OPERATING INCOME | $107M |
| Interest Income | $1M |
| Interest Expense | $3M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $105M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $81M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $81M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $81M |
| D&A | $48M |
| EBIT | $109M |
| EBITDA | $157M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $505M |
| Cost of Revenue | $305M |
| GROSS PROFIT | $201M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $57M |
| Other Expenses | $0 |
| Operating Expenses | $93M |
| Cost & Expenses | $398M |
| OPERATING INCOME | $107M |
| Interest Income | $1M |
| Interest Expense | $3M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $105M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $81M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $81M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $81M |
| D&A | $48M |
| EBIT | $109M |
| EBITDA | $157M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $81M |
| Depreciation & Amortization | $48M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$15M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$66M |
| OPERATING CASH FLOW | $54M |
| Capital Expenditure | -$53M |
| Acquisitions (Net) | $991.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$52M |
| Net Debt Issuance | $30M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$36M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $1M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $26M |
| Short-Term Investments | $0 |
| Net Receivables | $246M |
| Inventory | $0 |
| Other Current Assets | $197M |
| TOTAL CURRENT ASSETS | $469M |
| PP&E (Net) | $203M |
| Goodwill | $805M |
| Intangible Assets | $639M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $462M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $215M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $408M |
| Long-Term Debt | $275M |
| Deferred Revenue NC | $70M |
| Deferred Tax Liabilities | $265M |
| Other Non-Current Liabilities | $50M |
| TOTAL NON-CURRENT LIABILITIES | $660M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $565M |
| Retained Earnings | $2.8B |
| Treasury Stock | -$1.8B |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $275M |
| Net Debt | $249M |
