| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $815M | $1.2B | 33.5% | -12.0% |
| Op. Income | $63M | -$115M | $125M | 154.6% | -49.8% |
| Gross Margin | 45.1% | 40.0% | 44.4% | 5.1pp | 0.6pp |
| Net Margin | 2.5% | -13.1% | 5.4% | 15.6pp | -2.9pp |
| EPS (Diluted) | $0.08 | $-0.31 | $0.18 | 124.5% | -57.7% |
| Free Cash Flow | -$150M | -$249M | -$324M | 40.0% | 53.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $597M |
| GROSS PROFIT | $490M |
| R&D Expenses | $0 |
| Selling & Marketing | $90M |
| General & Administrative | $337M |
| SG&A Expenses | $427M |
| Other Expenses | $0 |
| Operating Expenses | $427M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $63M |
| Interest Income | $4M |
| Interest Expense | $31M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $52M |
| EBIT | $69M |
| EBITDA | $122M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $597M |
| GROSS PROFIT | $490M |
| R&D Expenses | $0 |
| Selling & Marketing | $90M |
| General & Administrative | $337M |
| SG&A Expenses | $427M |
| Other Expenses | $0 |
| Operating Expenses | $427M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $63M |
| Interest Income | $4M |
| Interest Expense | $31M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $52M |
| EBIT | $69M |
| EBITDA | $122M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $52M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | -$214M |
| OPERATING CASH FLOW | -$119M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $11M |
| Other Investing Activities | -$269.0K |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$16M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | -$150M |
| Net Change in Cash | -$162M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $300M |
| Short-Term Investments | $0 |
| Net Receivables | $891M |
| Inventory | $972M |
| Other Current Assets | $261M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $760M |
| Goodwill | $1.4B |
| Intangible Assets | $412M |
| Long-Term Investments | $0 |
| Tax Assets | $480M |
| Other Non-Current Assets | $438M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $5.9B |
| Account Payables | $366M |
| Short-Term Debt | $0 |
| Deferred Revenue | $54M |
| Other Current Liabilities | $57M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $333M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $3.9B |
| Common Stock | $441M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $2.8B |
| Treasury Stock | -$2.1B |
| Accum. Other Comp. Income | -$897M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $5.9B |
| Total Debt | $2.6B |
| Net Debt | $2.3B |
