| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.7B | $1.5B | -20.8% | -9.1% |
| Op. Income | $10M | $157M | $76M | -93.7% | -87.0% |
| Gross Margin | 58.7% | 55.8% | 58.1% | 2.9pp | 0.5pp |
| Net Margin | -0.1% | 6.8% | 3.4% | -6.9pp | -3.5pp |
| EPS (Diluted) | $-0.00 | $0.29 | $0.12 | -101.4% | -103.3% |
| Free Cash Flow | $216M | -$272M | $13M | 179.4% | 1572.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $553M |
| GROSS PROFIT | $784M |
| R&D Expenses | $0 |
| Selling & Marketing | $462M |
| General & Administrative | $306M |
| SG&A Expenses | $768M |
| Other Expenses | $7M |
| Operating Expenses | $774M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $40M |
| EBIT | $6M |
| EBITDA | $46M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | -$29M |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | $264M |
| OPERATING CASH FLOW | $286M |
| Capital Expenditure | -$71M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $34M |
| Other Investing Activities | -$26M |
| NET CASH FROM INVESTING | -$62M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$48M |
| Other Financing Activities | $700.0K |
| NET CASH FROM FINANCING | -$72M |
| FREE CASH FLOW | $216M |
| Net Change in Cash | $150M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $472M |
| Short-Term Investments | $0 |
| Net Receivables | $561M |
| Inventory | $1.3B |
| Other Current Assets | $198M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $1.6B |
| Goodwill | $373M |
| Intangible Assets | $285M |
| Long-Term Investments | $0 |
| Tax Assets | $669M |
| Other Non-Current Assets | $383M |
| TOTAL NON-CURRENT ASSETS | $3.3B |
| TOTAL ASSETS | $5.9B |
| Account Payables | $464M |
| Short-Term Debt | $136M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $257M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $299M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $650M |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$422M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $5.9B |
| Total Debt | $2.2B |
| Net Debt | $1.8B |
