| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.1B | -1.5% | 5.6% |
| Op. Income | $60M | $63M | $57M | -4.2% | 6.1% |
| Gross Margin | 20.3% | 17.0% | 16.7% | 3.3pp | 3.6pp |
| Net Margin | 2.6% | 2.6% | 2.8% | -0.0pp | -0.2pp |
| EPS (Diluted) | $0.50 | $0.52 | $0.51 | -3.8% | -2.0% |
| Free Cash Flow | -$30M | $292M | $45M | -110.4% | -167.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $948M |
| GROSS PROFIT | $241M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $181M |
| Other Expenses | $0 |
| Operating Expenses | $181M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $60M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $34M |
| EBIT | $57M |
| EBITDA | $92M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $948M |
| GROSS PROFIT | $241M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $181M |
| Other Expenses | $0 |
| Operating Expenses | $181M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $60M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $34M |
| EBIT | $57M |
| EBITDA | $92M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $31M |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $601.0K |
| Change in Working Capital | -$83M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | $20M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$17M |
| Other Financing Activities | -$104.0K |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$30M |
| Net Change in Cash | -$27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $92M |
| Short-Term Investments | $0 |
| Net Receivables | $833M |
| Inventory | $0 |
| Other Current Assets | $71M |
| TOTAL CURRENT ASSETS | $996M |
| PP&E (Net) | $205M |
| Goodwill | $1.8B |
| Intangible Assets | $816M |
| Long-Term Investments | $30M |
| Tax Assets | $6M |
| Other Non-Current Assets | $109M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $3.9B |
| Account Payables | $284M |
| Short-Term Debt | $140M |
| Deferred Revenue | $65M |
| Other Current Liabilities | $54M |
| TOTAL CURRENT LIABILITIES | $683M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $15M |
| Deferred Tax Liabilities | $207M |
| Other Non-Current Liabilities | $61M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $581M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $3.9B |
| Total Debt | $1.5B |
| Net Debt | $1.4B |
