| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $744M | $814M | $749M | -8.7% | -0.7% |
| Op. Income | $19M | $36M | $3M | -46.8% | 536.7% |
| Gross Margin | 10.5% | 11.8% | 7.2% | -1.2pp | 3.3pp |
| Net Margin | 0.7% | 2.2% | 0.3% | -1.5pp | 0.4pp |
| EPS (Diluted) | $0.33 | $1.14 | $0.16 | -71.1% | 106.3% |
| Free Cash Flow | $52M | $27M | -$103M | 97.0% | 151.1% |
| Item | Amount |
|---|---|
| REVENUE | $744M |
| Cost of Revenue | $665M |
| GROSS PROFIT | $78M |
| R&D Expenses | $0 |
| Selling & Marketing | $31M |
| General & Administrative | $0 |
| SG&A Expenses | $31M |
| Other Expenses | $29M |
| Operating Expenses | $59M |
| Cost & Expenses | $725M |
| OPERATING INCOME | $19M |
| Interest Income | $600.0K |
| Interest Expense | $11M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $100.0K |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $27M |
| EBIT | $17M |
| EBITDA | $44M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $744M |
| Cost of Revenue | $665M |
| GROSS PROFIT | $78M |
| R&D Expenses | $0 |
| Selling & Marketing | $31M |
| General & Administrative | $0 |
| SG&A Expenses | $31M |
| Other Expenses | $29M |
| Operating Expenses | $59M |
| Cost & Expenses | $725M |
| OPERATING INCOME | $19M |
| Interest Income | $600.0K |
| Interest Expense | $11M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $100.0K |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $27M |
| EBIT | $17M |
| EBITDA | $44M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $45M |
| OPERATING CASH FLOW | $90M |
| Capital Expenditure | -$37M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $100.0K |
| NET CASH FROM INVESTING | -$37M |
| Net Debt Issuance | $195M |
| Common Stock Repurchased | -$100.0K |
| Common Dividends Paid | -$13M |
| Other Financing Activities | -$210M |
| NET CASH FROM FINANCING | -$28M |
| FREE CASH FLOW | $52M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $45M |
| Short-Term Investments | $0 |
| Net Receivables | $412M |
| Inventory | $489M |
| Other Current Assets | $40M |
| TOTAL CURRENT ASSETS | $984M |
| PP&E (Net) | $1.1B |
| Goodwill | $0 |
| Intangible Assets | $70M |
| Long-Term Investments | $19M |
| Tax Assets | $5M |
| Other Non-Current Assets | $97M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $243M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $52M |
| TOTAL CURRENT LIABILITIES | $367M |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $182M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $15M |
| Treasury Stock | -$476M |
| Accum. Other Comp. Income | $800.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $641M |
| Minority Interest | $0 |
| TOTAL EQUITY | $641M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $1.1B |
| Net Debt | $1.0B |
