| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.5B | $9.7B | $8.3B | -12.0% | 2.3% |
| Op. Income | $196M | $367M | $388M | -46.6% | -49.5% |
| Gross Margin | 10.1% | 10.6% | 11.6% | -0.5pp | -1.4pp |
| Net Margin | 1.5% | 2.6% | 3.4% | -1.1pp | -2.0pp |
| EPS (Diluted) | $0.79 | $1.56 | $1.72 | -49.4% | -54.1% |
| Free Cash Flow | -$161M | $436M | -$1.4B | -136.9% | 88.1% |
| Item | Amount |
|---|---|
| REVENUE | $8.5B |
| Cost of Revenue | $7.6B |
| GROSS PROFIT | $862M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $666M |
| Other Expenses | $0 |
| Operating Expenses | $666M |
| Cost & Expenses | $8.3B |
| OPERATING INCOME | $196M |
| Interest Income | $0 |
| Interest Expense | $33M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $168M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $126M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $126M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $126M |
| D&A | $71M |
| EBIT | $200M |
| EBITDA | $272M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $8.5B |
| Cost of Revenue | $7.6B |
| GROSS PROFIT | $862M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $666M |
| Other Expenses | $0 |
| Operating Expenses | $666M |
| Cost & Expenses | $8.3B |
| OPERATING INCOME | $196M |
| Interest Income | $0 |
| Interest Expense | $33M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $168M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $126M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $126M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $126M |
| D&A | $71M |
| EBIT | $200M |
| EBITDA | $272M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $126M |
| Depreciation & Amortization | $67M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $107M |
| Change in Working Capital | -$366M |
| OPERATING CASH FLOW | -$51M |
| Capital Expenditure | -$110M |
| Acquisitions (Net) | $84.0K |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $84.0K |
| NET CASH FROM INVESTING | -$108M |
| Net Debt Issuance | $291M |
| Common Stock Repurchased | -$162M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $133M |
| FREE CASH FLOW | -$161M |
| Net Change in Cash | -$27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $57M |
| Short-Term Investments | $0 |
| Net Receivables | $402M |
| Inventory | $4.7B |
| Other Current Assets | $742M |
| TOTAL CURRENT ASSETS | $5.9B |
| PP&E (Net) | $3.8B |
| Goodwill | $141M |
| Intangible Assets | $0 |
| Long-Term Investments | $16.1B |
| Tax Assets | $93M |
| Other Non-Current Assets | $396M |
| TOTAL NON-CURRENT ASSETS | $20.6B |
| TOTAL ASSETS | $26.5B |
| Account Payables | $929M |
| Short-Term Debt | $672M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $18.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $365M |
| TOTAL NON-CURRENT LIABILITIES | $18.9B |
| TOTAL LIABILITIES | $21.1B |
| Common Stock | $79M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $32M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.4B |
| TOTAL LIABILITIES & EQUITY | $26.5B |
| Total Debt | $19.3B |
| Net Debt | $19.2B |
