| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $785M | $975M | 38.9% | 11.8% |
| Op. Income | $210M | $94M | $143M | 124.8% | 47.1% |
| Gross Margin | 24.7% | 19.5% | 18.9% | 5.2pp | 5.8pp |
| Net Margin | 13.4% | 7.2% | 10.2% | 6.2pp | 3.2pp |
| EPS (Diluted) | $2.59 | $1.00 | $1.76 | 159.0% | 47.2% |
| Free Cash Flow | $203M | -$15M | $146M | 1432.4% | 39.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $821M |
| GROSS PROFIT | $269M |
| R&D Expenses | $0 |
| Selling & Marketing | $59M |
| General & Administrative | $300.0K |
| SG&A Expenses | $59M |
| Other Expenses | $0 |
| Operating Expenses | $59M |
| Cost & Expenses | $880M |
| OPERATING INCOME | $210M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $195M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | $147M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $147M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $147M |
| D&A | $32M |
| EBIT | $210M |
| EBITDA | $242M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $821M |
| GROSS PROFIT | $269M |
| R&D Expenses | $0 |
| Selling & Marketing | $59M |
| General & Administrative | $300.0K |
| SG&A Expenses | $59M |
| Other Expenses | $0 |
| Operating Expenses | $59M |
| Cost & Expenses | $880M |
| OPERATING INCOME | $210M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $195M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | $147M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $147M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $147M |
| D&A | $32M |
| EBIT | $210M |
| EBITDA | $242M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $147M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $36M |
| OPERATING CASH FLOW | $223M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | -$109.0K |
| Sales/Maturities of Investments | -$1M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | -$157M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$157M |
| FREE CASH FLOW | $203M |
| Net Change in Cash | $48M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $116M |
| Short-Term Investments | $0 |
| Net Receivables | $492M |
| Inventory | $315M |
| Other Current Assets | $89M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $1.3B |
| Goodwill | $274M |
| Intangible Assets | $11M |
| Long-Term Investments | $40M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $149M |
| Short-Term Debt | $7M |
| Deferred Revenue | $59M |
| Other Current Liabilities | $38M |
| TOTAL CURRENT LIABILITIES | $425M |
| Long-Term Debt | $676M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $174M |
| Other Non-Current Liabilities | $133M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $570.0K |
| Additional Paid-In Capital | $613M |
| Retained Earnings | $645M |
| Treasury Stock | -$4M |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $727M |
| Net Debt | $611M |
