| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $461M | $434M | $351M | 6.2% | 31.2% |
| Op. Income | $78M | $86M | $60M | -9.1% | 30.1% |
| Gross Margin | 27.0% | 30.0% | 28.2% | -3.0pp | -1.2pp |
| Net Margin | 13.3% | 16.8% | 14.1% | -3.5pp | -0.8pp |
| EPS (Diluted) | $1.93 | $2.27 | $1.46 | -15.0% | 32.2% |
| Free Cash Flow | $74M | $71M | $85M | 5.0% | -13.3% |
| Item | Amount |
|---|---|
| REVENUE | $461M |
| Cost of Revenue | $337M |
| GROSS PROFIT | $124M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39M |
| Other Expenses | $7M |
| Operating Expenses | $46M |
| Cost & Expenses | $382M |
| OPERATING INCOME | $78M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $76M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $61M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $61M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $61M |
| D&A | $7M |
| EBIT | $78M |
| EBITDA | $85M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $461M |
| Cost of Revenue | $337M |
| GROSS PROFIT | $124M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39M |
| Other Expenses | $7M |
| Operating Expenses | $46M |
| Cost & Expenses | $382M |
| OPERATING INCOME | $78M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $76M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $61M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $61M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $61M |
| D&A | $7M |
| EBIT | $78M |
| EBITDA | $85M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $61M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $83M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$21.0K |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$60M |
| Common Stock Repurchased | -$24M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$82M |
| FREE CASH FLOW | $74M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39M |
| Short-Term Investments | $0 |
| Net Receivables | $275M |
| Inventory | $0 |
| Other Current Assets | $65M |
| TOTAL CURRENT ASSETS | $379M |
| PP&E (Net) | $255M |
| Goodwill | $662M |
| Intangible Assets | $37M |
| Long-Term Investments | $0 |
| Tax Assets | $52M |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $1.4B |
| Account Payables | $34M |
| Short-Term Debt | $55M |
| Deferred Revenue | $491M |
| Other Current Liabilities | $99M |
| TOTAL CURRENT LIABILITIES | $852M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $163M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $306.0K |
| Additional Paid-In Capital | $785M |
| Retained Earnings | -$371M |
| Treasury Stock | -$12M |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $391M |
| Minority Interest | $0 |
| TOTAL EQUITY | $391M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $194M |
| Net Debt | $155M |
