| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $837M | $760M | $771M | 10.1% | 8.6% |
| Op. Income | $78M | $67M | $72M | 16.6% | 8.8% |
| Gross Margin | 24.3% | 24.4% | 25.2% | -0.1pp | -1.0pp |
| Net Margin | 5.1% | 6.1% | 3.8% | -0.9pp | 1.4pp |
| EPS (Diluted) | $1.34 | $1.44 | $0.91 | -6.9% | 47.3% |
| Free Cash Flow | -$101M | -$22M | -$14M | -356.9% | -618.6% |
| Item | Amount |
|---|---|
| REVENUE | $837M |
| Cost of Revenue | $634M |
| GROSS PROFIT | $203M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $117M |
| Other Expenses | $0 |
| Operating Expenses | $125M |
| Cost & Expenses | $759M |
| OPERATING INCOME | $78M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $56M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $21M |
| EBIT | $78M |
| EBITDA | $99M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $837M |
| Cost of Revenue | $634M |
| GROSS PROFIT | $203M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $117M |
| Other Expenses | $0 |
| Operating Expenses | $125M |
| Cost & Expenses | $759M |
| OPERATING INCOME | $78M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $56M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $21M |
| EBIT | $78M |
| EBITDA | $99M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $43M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$102M |
| OPERATING CASH FLOW | -$41M |
| Capital Expenditure | -$60M |
| Acquisitions (Net) | -$165.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $11M |
| NET CASH FROM INVESTING | -$49M |
| Net Debt Issuance | $40M |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $15M |
| NET CASH FROM FINANCING | $33M |
| FREE CASH FLOW | -$101M |
| Net Change in Cash | -$56M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $107M |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $679M |
| Other Current Assets | $67M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $800M |
| Goodwill | $826M |
| Intangible Assets | $82M |
| Long-Term Investments | $0 |
| Tax Assets | $9M |
| Other Non-Current Assets | $48M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $3.7B |
| Account Payables | $239M |
| Short-Term Debt | $728.0K |
| Deferred Revenue | $317M |
| Other Current Liabilities | $167M |
| TOTAL CURRENT LIABILITIES | $843M |
| Long-Term Debt | $958M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $58M |
| Other Non-Current Liabilities | $260M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $51M |
| Additional Paid-In Capital | $577M |
| Retained Earnings | $2.4B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$324M |
| Other Equity | -$100M |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $959M |
| Net Debt | $852M |
