| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $651M | $549M | $657M | 18.6% | -0.8% |
| Op. Income | -$110M | -$37M | $126M | -198.1% | -187.5% |
| Gross Margin | 12.1% | 18.1% | 44.6% | -5.9pp | -32.4pp |
| Net Margin | -19.0% | -4.0% | 14.5% | -15.0pp | -33.6pp |
| EPS (Diluted) | $-1.41 | $-0.27 | $0.92 | -422.2% | -253.3% |
| Free Cash Flow | $194M | -$416M | $292M | 146.5% | -33.8% |
| Item | Amount |
|---|---|
| REVENUE | $651M |
| Cost of Revenue | $572M |
| GROSS PROFIT | $79M |
| R&D Expenses | $0 |
| Selling & Marketing | $29M |
| General & Administrative | $83M |
| SG&A Expenses | $112M |
| Other Expenses | $77M |
| Operating Expenses | $189M |
| Cost & Expenses | $761M |
| OPERATING INCOME | -$110M |
| Interest Income | $11M |
| Interest Expense | $19M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$110M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | -$120M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$124M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$125M |
| D&A | $28M |
| EBIT | -$90M |
| EBITDA | -$62M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$125M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$883.0K |
| Change in Working Capital | $299M |
| OPERATING CASH FLOW | $201M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $98.0K |
| Purchases of Investments | -$228.0K |
| Sales/Maturities of Investments | $130.0K |
| Other Investing Activities | $98.0K |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$172.0K |
| Common Dividends Paid | -$43M |
| Other Financing Activities | -$128M |
| NET CASH FROM FINANCING | -$172M |
| FREE CASH FLOW | $194M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $698M |
| Short-Term Investments | $447M |
| Net Receivables | $675M |
| Inventory | $0 |
| Other Current Assets | $35M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $663M |
| Goodwill | $395M |
| Intangible Assets | $60.0K |
| Long-Term Investments | $690M |
| Tax Assets | $524M |
| Other Non-Current Assets | $476M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $706M |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $168M |
| Retained Earnings | $1.4B |
| Treasury Stock | -$958M |
| Accum. Other Comp. Income | -$282M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $360M |
| Minority Interest | $139M |
| TOTAL EQUITY | $499M |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $2.2B |
| Net Debt | $1.5B |
