| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $548M | $552M | $542M | -0.7% | 1.1% |
| Op. Income | $77M | $71M | $67M | 9.1% | 14.6% |
| Gross Margin | 24.3% | 23.2% | 21.8% | 1.1pp | 2.5pp |
| Net Margin | -3.5% | 4.8% | 2.5% | -8.3pp | -6.0pp |
| EPS (Diluted) | $-0.59 | $0.82 | $0.41 | -172.0% | -243.9% |
| Free Cash Flow | $34M | $24M | $11M | 41.7% | 203.6% |
| Item | Amount |
|---|---|
| REVENUE | $548M |
| Cost of Revenue | $415M |
| GROSS PROFIT | $133M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $51M |
| Other Expenses | $0 |
| Operating Expenses | $56M |
| Cost & Expenses | $471M |
| OPERATING INCOME | $77M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$99M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $28M |
| EBIT | -$7M |
| EBITDA | $21M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $55M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $59M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2M |
| Other Financing Activities | -$1000.0K |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | $21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $268M |
| Short-Term Investments | $10M |
| Net Receivables | $418M |
| Inventory | $338M |
| Other Current Assets | $60M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $978M |
| Goodwill | $914M |
| Intangible Assets | $232M |
| Long-Term Investments | $3M |
| Tax Assets | $24M |
| Other Non-Current Assets | $100M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $3.3B |
| Account Payables | $185M |
| Short-Term Debt | $124M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $165M |
| TOTAL CURRENT LIABILITIES | $474M |
| Long-Term Debt | $918M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $164M |
| Other Non-Current Liabilities | $167M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $5M |
| Additional Paid-In Capital | $493M |
| Retained Earnings | $2.3B |
| Treasury Stock | -$831M |
| Accum. Other Comp. Income | -$402M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $34M |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $1.0B |
| Net Debt | $773M |
