| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.9B | $4.8B | $5.1B | 2.2% | -4.3% |
| Op. Income | $108M | $118M | $181M | -8.7% | -40.5% |
| Gross Margin | 17.8% | 18.2% | 18.2% | -0.4pp | -0.4pp |
| Net Margin | 1.3% | 1.6% | 2.4% | -0.3pp | -1.1pp |
| EPS (Diluted) | $1.29 | $1.51 | $2.29 | -14.6% | -43.7% |
| Free Cash Flow | -$177M | $111M | -$72M | -259.1% | -147.5% |
| Item | Amount |
|---|---|
| REVENUE | $4.9B |
| Cost of Revenue | $4.0B |
| GROSS PROFIT | $862M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $755M |
| Other Expenses | $0 |
| Operating Expenses | $755M |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $108M |
| Interest Income | $13M |
| Interest Expense | $20M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $96M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $65M |
| D&A | $22M |
| EBIT | $116M |
| EBITDA | $137M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.9B |
| Cost of Revenue | $4.0B |
| GROSS PROFIT | $862M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $755M |
| Other Expenses | $0 |
| Operating Expenses | $755M |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $108M |
| Interest Income | $13M |
| Interest Expense | $20M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $96M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $65M |
| D&A | $22M |
| EBIT | $116M |
| EBITDA | $137M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $65M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$248M |
| OPERATING CASH FLOW | -$156M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $100.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | -$73M |
| Other Financing Activities | -$600.0K |
| NET CASH FROM FINANCING | -$119M |
| FREE CASH FLOW | -$177M |
| Net Change in Cash | -$299M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $408M |
| Short-Term Investments | $0 |
| Net Receivables | $5.0B |
| Inventory | $0 |
| Other Current Assets | $188M |
| TOTAL CURRENT ASSETS | $5.6B |
| PP&E (Net) | $521M |
| Goodwill | $1.6B |
| Intangible Assets | $534M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $588M |
| TOTAL NON-CURRENT ASSETS | $3.3B |
| TOTAL ASSETS | $8.9B |
| Account Payables | $2.7B |
| Short-Term Debt | $22M |
| Deferred Revenue | $34M |
| Other Current Liabilities | $43M |
| TOTAL CURRENT LIABILITIES | $4.6B |
| Long-Term Debt | $979M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $516M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $6.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.5B |
| Retained Earnings | $3.9B |
| Treasury Stock | -$4.5B |
| Accum. Other Comp. Income | -$460M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $11M |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $8.9B |
| Total Debt | $1.4B |
| Net Debt | $1.0B |
