| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $351M | $331M | $278M | 6.1% | 26.2% |
| Op. Income | $60M | $64M | $42M | -6.2% | 41.9% |
| Gross Margin | 28.2% | 29.8% | 26.8% | -1.6pp | 1.4pp |
| Net Margin | 14.1% | 18.5% | 14.3% | -4.5pp | -0.3pp |
| EPS (Diluted) | $1.46 | $1.69 | $1.06 | -13.6% | 37.7% |
| Free Cash Flow | $85M | $37M | $57M | 130.9% | 50.5% |
| Item | Amount |
|---|---|
| REVENUE | $351M |
| Cost of Revenue | $252M |
| GROSS PROFIT | $99M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $33M |
| Other Expenses | $6M |
| Operating Expenses | $39M |
| Cost & Expenses | $291M |
| OPERATING INCOME | $60M |
| Interest Income | $0 |
| Interest Expense | $548.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $62M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $6M |
| EBIT | $63M |
| EBITDA | $68M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $351M |
| Cost of Revenue | $252M |
| GROSS PROFIT | $99M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $33M |
| Other Expenses | $6M |
| Operating Expenses | $39M |
| Cost & Expenses | $291M |
| OPERATING INCOME | $60M |
| Interest Income | $0 |
| Interest Expense | $548.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $62M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $6M |
| EBIT | $63M |
| EBITDA | $68M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $49M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$726.0K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $33M |
| OPERATING CASH FLOW | $97M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $73.0K |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $250M |
| Common Stock Repurchased | -$375M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$123M |
| FREE CASH FLOW | $85M |
| Net Change in Cash | -$40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $43M |
| Short-Term Investments | $0 |
| Net Receivables | $226M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $329M |
| PP&E (Net) | $239M |
| Goodwill | $662M |
| Intangible Assets | $40M |
| Long-Term Investments | $0 |
| Tax Assets | $26M |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $987M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $29M |
| Short-Term Debt | $250M |
| Deferred Revenue | $401M |
| Other Current Liabilities | $79M |
| TOTAL CURRENT LIABILITIES | $879M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $153M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $309.0K |
| Additional Paid-In Capital | $753M |
| Retained Earnings | -$446M |
| Treasury Stock | -$14M |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $283M |
| Minority Interest | $0 |
| TOTAL EQUITY | $283M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $385M |
| Net Debt | $342M |
