| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.6B | $1.5B | 6.0% | 8.0% |
| Op. Income | $222M | $199M | $157M | 11.5% | 41.1% |
| Gross Margin | 37.1% | 36.0% | 34.0% | 1.1pp | 3.1pp |
| Net Margin | 9.2% | 8.9% | 7.7% | 0.3pp | 1.5pp |
| EPS (Diluted) | $0.56 | $0.52 | $0.44 | 7.7% | 27.3% |
| Free Cash Flow | $234M | $42M | $79M | 457.8% | 197.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $616M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $381M |
| Other Expenses | $13M |
| Operating Expenses | $394M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $222M |
| Interest Income | $0 |
| Interest Expense | $52M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $192M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | $152M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $152M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $152M |
| D&A | $49M |
| EBIT | $234M |
| EBITDA | $283M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $616M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $381M |
| Other Expenses | $13M |
| Operating Expenses | $394M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $222M |
| Interest Income | $0 |
| Interest Expense | $52M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $192M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | $152M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $152M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $152M |
| D&A | $49M |
| EBIT | $234M |
| EBITDA | $283M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $152M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $52M |
| OPERATING CASH FLOW | $291M |
| Capital Expenditure | -$57M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$55M |
| Net Debt Issuance | -$355M |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | -$105M |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$473M |
| FREE CASH FLOW | $234M |
| Net Change in Cash | -$229M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $127M |
| Short-Term Investments | $0 |
| Net Receivables | $557M |
| Inventory | $1.3B |
| Other Current Assets | $143M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $1.2B |
| Goodwill | $5.2B |
| Intangible Assets | $3.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $947M |
| TOTAL NON-CURRENT ASSETS | $10.8B |
| TOTAL ASSETS | $12.9B |
| Account Payables | $1.1B |
| Short-Term Debt | $746M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.5B |
| Long-Term Debt | $4.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $863M |
| Other Non-Current Liabilities | $484M |
| TOTAL NON-CURRENT LIABILITIES | $5.5B |
| TOTAL LIABILITIES | $8.0B |
| Common Stock | $2.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$432M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.9B |
| Minority Interest | $20M |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $12.9B |
| Total Debt | $4.9B |
| Net Debt | $4.7B |
