| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.3B | $943M | -5.3% | 26.8% |
| Op. Income | $204M | $228M | $109M | -10.7% | 86.4% |
| Gross Margin | 21.9% | 22.1% | 16.1% | -0.2pp | 5.8pp |
| Net Margin | 12.8% | 12.9% | 11.2% | -0.1pp | 1.6pp |
| EPS (Diluted) | $0.87 | $0.90 | $0.55 | -3.3% | 58.2% |
| Free Cash Flow | $81M | $71M | -$13M | 14.8% | 741.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $933M |
| GROSS PROFIT | $262M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $58M |
| Other Expenses | $0 |
| Operating Expenses | $58M |
| Cost & Expenses | $991M |
| OPERATING INCOME | $204M |
| Interest Income | $350.0K |
| Interest Expense | $7M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $200M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $153M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $153M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $153M |
| D&A | $100M |
| EBIT | $207M |
| EBITDA | $307M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $933M |
| GROSS PROFIT | $262M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $58M |
| Other Expenses | $0 |
| Operating Expenses | $58M |
| Cost & Expenses | $991M |
| OPERATING INCOME | $204M |
| Interest Income | $350.0K |
| Interest Expense | $7M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $200M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $153M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $153M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $153M |
| D&A | $100M |
| EBIT | $207M |
| EBITDA | $307M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $153M |
| Depreciation & Amortization | $100M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $240M |
| Capital Expenditure | -$159M |
| Acquisitions (Net) | -$67M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$227M |
| Net Debt Issuance | $75M |
| Common Stock Repurchased | -$60M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $81M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $32M |
| Short-Term Investments | $0 |
| Net Receivables | $719M |
| Inventory | $201M |
| Other Current Assets | $122M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $1.7B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $21M |
| Other Non-Current Assets | $133M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $2.9B |
| Account Payables | $369M |
| Short-Term Debt | $39M |
| Deferred Revenue | $19M |
| Other Current Liabilities | $171M |
| TOTAL CURRENT LIABILITIES | $744M |
| Long-Term Debt | $288M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $115M |
| TOTAL NON-CURRENT LIABILITIES | $506M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $532M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $429M |
| Net Debt | $397M |
