| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.7B | $4.9B | $4.8B | -3.7% | -2.6% |
| Op. Income | $70M | $108M | $162M | -35.1% | -56.8% |
| Gross Margin | 17.6% | 17.8% | 18.3% | -0.2pp | -0.7pp |
| Net Margin | 0.6% | 1.3% | 2.3% | -0.7pp | -1.7pp |
| EPS (Diluted) | $0.60 | $1.29 | $2.13 | -53.5% | -71.8% |
| Free Cash Flow | $245M | -$177M | $254M | 238.4% | -3.4% |
| Item | Amount |
|---|---|
| REVENUE | $4.7B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $822M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $752M |
| Other Expenses | $0 |
| Operating Expenses | $752M |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $70M |
| Interest Income | $12M |
| Interest Expense | $21M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $22M |
| EBIT | $108M |
| EBITDA | $130M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.7B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $822M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $752M |
| Other Expenses | $0 |
| Operating Expenses | $752M |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $70M |
| Interest Income | $12M |
| Interest Expense | $21M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $22M |
| EBIT | $108M |
| EBITDA | $130M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $30M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $204M |
| OPERATING CASH FLOW | $266M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$400.0K |
| NET CASH FROM FINANCING | -$58M |
| FREE CASH FLOW | $245M |
| Net Change in Cash | $164M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $571M |
| Short-Term Investments | $0 |
| Net Receivables | $4.6B |
| Inventory | $0 |
| Other Current Assets | $165M |
| TOTAL CURRENT ASSETS | $5.3B |
| PP&E (Net) | $520M |
| Goodwill | $1.6B |
| Intangible Assets | $524M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $589M |
| TOTAL NON-CURRENT ASSETS | $3.3B |
| TOTAL ASSETS | $8.6B |
| Account Payables | $2.6B |
| Short-Term Debt | $14M |
| Deferred Revenue | $32M |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $4.4B |
| Long-Term Debt | $949M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $493M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $6.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.5B |
| Retained Earnings | $4.0B |
| Treasury Stock | -$4.6B |
| Accum. Other Comp. Income | -$483M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $11M |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $8.6B |
| Total Debt | $1.4B |
| Net Debt | $799M |
