| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $530M | $523M | $572M | 1.4% | -7.4% |
| Op. Income | -$109M | -$20M | $114M | -440.9% | -195.4% |
| Gross Margin | -14.4% | 2.6% | 24.1% | -17.1pp | -38.5pp |
| Net Margin | -18.6% | -5.9% | 12.5% | -12.7pp | -31.0pp |
| EPS (Diluted) | $-1.48 | $-0.46 | $1.07 | -221.7% | -238.3% |
| Free Cash Flow | -$25M | -$83M | $108M | 70.2% | -123.1% |
| Item | Amount |
|---|---|
| REVENUE | $530M |
| Cost of Revenue | $606M |
| GROSS PROFIT | -$76M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $32M |
| Cost & Expenses | $639M |
| OPERATING INCOME | -$109M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | -$126M |
| Income Tax Expense | -$27M |
| Net Income from Continuing Ops | -$98M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$98M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$98M |
| D&A | $40M |
| EBIT | -$106M |
| EBITDA | -$66M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$98M |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$34M |
| Other Non-Cash Items | $45M |
| Change in Working Capital | $60M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$39M |
| Acquisitions (Net) | -$82M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$118M |
| Net Debt Issuance | $22M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$115.0K |
| NET CASH FROM FINANCING | $17M |
| FREE CASH FLOW | -$25M |
| Net Change in Cash | -$87M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $213M |
| Short-Term Investments | $0 |
| Net Receivables | $335M |
| Inventory | $430M |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $999M |
| PP&E (Net) | $1.4B |
| Goodwill | $35M |
| Intangible Assets | $52M |
| Long-Term Investments | $49M |
| Tax Assets | $0 |
| Other Non-Current Assets | $49M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $88M |
| Short-Term Debt | $0 |
| Deferred Revenue | $9M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $370M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $88M |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $66M |
| Additional Paid-In Capital | $357M |
| Retained Earnings | $459M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$149M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $733M |
| Minority Interest | $0 |
| TOTAL EQUITY | $733M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $1.4B |
| Net Debt | $1.2B |
