| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.6B | $2.8B | $2.2B | -5.0% | 21.0% |
| Op. Income | $227M | $243M | -$359M | -6.7% | 163.2% |
| Gross Margin | 23.3% | 21.7% | 7.7% | 1.6pp | 15.6pp |
| Net Margin | 5.5% | 4.4% | -24.0% | 1.1pp | 29.6pp |
| EPS (Diluted) | $0.48 | $0.40 | $-96.20 | 20.0% | 100.5% |
| Free Cash Flow | $353M | $330M | $93M | 6.9% | 280.1% |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $615M |
| R&D Expenses | $0 |
| Selling & Marketing | $127M |
| General & Administrative | $178M |
| SG&A Expenses | $304M |
| Other Expenses | $83M |
| Operating Expenses | $388M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $227M |
| Interest Income | $45M |
| Interest Expense | $173M |
| Other Income/Expenses | -$80M |
| INCOME BEFORE TAX | $147M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $144M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $145M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $145M |
| D&A | $0 |
| EBIT | $314M |
| EBITDA | $314M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $615M |
| R&D Expenses | $0 |
| Selling & Marketing | $127M |
| General & Administrative | $178M |
| SG&A Expenses | $304M |
| Other Expenses | $83M |
| Operating Expenses | $388M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $227M |
| Interest Income | $45M |
| Interest Expense | $173M |
| Other Income/Expenses | -$80M |
| INCOME BEFORE TAX | $147M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $144M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $145M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $145M |
| D&A | $0 |
| EBIT | $314M |
| EBITDA | $314M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $145M |
| Depreciation & Amortization | $272M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $110M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $528M |
| Capital Expenditure | -$175M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $30M |
| NET CASH FROM INVESTING | -$145M |
| Net Debt Issuance | -$117M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$190M |
| NET CASH FROM FINANCING | -$307M |
| FREE CASH FLOW | $353M |
| Net Change in Cash | $110M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $199M |
| Net Receivables | $1.3B |
| Inventory | $531M |
| Other Current Assets | $195M |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $8.5B |
| Goodwill | $0 |
| Intangible Assets | $1.1B |
| Long-Term Investments | $17M |
| Tax Assets | $4M |
| Other Non-Current Assets | $189M |
| TOTAL NON-CURRENT ASSETS | $9.8B |
| TOTAL ASSETS | $13.6B |
| Account Payables | $1.6B |
| Short-Term Debt | $181M |
| Deferred Revenue | $2.9B |
| Other Current Liabilities | -$155M |
| TOTAL CURRENT LIABILITIES | $5.2B |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $441M |
| Deferred Tax Liabilities | $373M |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $8.2B |
| TOTAL LIABILITIES | $13.4B |
| Common Stock | $5.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $244M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5.0B |
| Other Equity | $39.0K |
| TOTAL STOCKHOLDERS' EQUITY | $260M |
| Minority Interest | -$13M |
| TOTAL EQUITY | $246M |
| TOTAL LIABILITIES & EQUITY | $13.6B |
| Total Debt | $6.5B |
| Net Debt | $4.9B |
