| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $850M | $837M | $773M | 1.6% | 9.9% |
| Op. Income | $74M | $78M | $72M | -5.0% | 2.6% |
| Gross Margin | 23.8% | 24.3% | 25.1% | -0.4pp | -1.3pp |
| Net Margin | 5.0% | 5.1% | 6.5% | -0.2pp | -1.5pp |
| EPS (Diluted) | $1.32 | $1.34 | $1.57 | -1.5% | -15.9% |
| Free Cash Flow | -$19M | -$101M | -$29M | 80.7% | 32.0% |
| Item | Amount |
|---|---|
| REVENUE | $850M |
| Cost of Revenue | $648M |
| GROSS PROFIT | $203M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $122M |
| Other Expenses | $0 |
| Operating Expenses | $128M |
| Cost & Expenses | $776M |
| OPERATING INCOME | $74M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $23M |
| EBIT | $68M |
| EBITDA | $90M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $850M |
| Cost of Revenue | $648M |
| GROSS PROFIT | $203M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $122M |
| Other Expenses | $0 |
| Operating Expenses | $128M |
| Cost & Expenses | $776M |
| OPERATING INCOME | $74M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $23M |
| EBIT | $68M |
| EBITDA | $90M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $42M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$17M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $877.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$40M |
| Net Debt Issuance | $51M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $41M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $123M |
| Short-Term Investments | $0 |
| Net Receivables | $1.2B |
| Inventory | $710M |
| Other Current Assets | $56M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $859M |
| Goodwill | $829M |
| Intangible Assets | $80M |
| Long-Term Investments | $10M |
| Tax Assets | $10M |
| Other Non-Current Assets | $38M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $3.9B |
| Account Payables | $245M |
| Short-Term Debt | $696.0K |
| Deferred Revenue | $367M |
| Other Current Liabilities | $179M |
| TOTAL CURRENT LIABILITIES | $903M |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $42M |
| Other Non-Current Liabilities | $303M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $51M |
| Additional Paid-In Capital | $594M |
| Retained Earnings | $2.5B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$432M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $3.9B |
| Total Debt | $1.0B |
| Net Debt | $890M |
