| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $826M | 5.8% | 48.4% |
| Op. Income | $96M | $144M | $244M | -33.3% | -60.7% |
| Gross Margin | 24.1% | 29.0% | 52.9% | -4.8pp | -28.8pp |
| Net Margin | 5.4% | 9.6% | 21.8% | -4.2pp | -16.4pp |
| EPS (Diluted) | $0.53 | $0.85 | $1.22 | -37.6% | -56.6% |
| Free Cash Flow | $99M | $145M | $139M | -31.7% | -28.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $930M |
| GROSS PROFIT | $296M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $98M |
| SG&A Expenses | $98M |
| Other Expenses | $102M |
| Operating Expenses | $200M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $96M |
| Interest Income | $1.1B |
| Interest Expense | $919M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $96M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $66M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $66M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $66M |
| D&A | $0 |
| EBIT | $96M |
| EBITDA | $96M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $930M |
| GROSS PROFIT | $296M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $98M |
| SG&A Expenses | $98M |
| Other Expenses | $102M |
| Operating Expenses | $200M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $96M |
| Interest Income | $1.1B |
| Interest Expense | $919M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $96M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $66M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $66M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $66M |
| D&A | $0 |
| EBIT | $96M |
| EBITDA | $96M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $66M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | $36M |
| OPERATING CASH FLOW | $99M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1.8B |
| NET CASH FROM INVESTING | $1.8B |
| Net Debt Issuance | -$1.4B |
| Common Stock Repurchased | -$80M |
| Common Dividends Paid | -$19M |
| Other Financing Activities | $28M |
| NET CASH FROM FINANCING | -$1.4B |
| FREE CASH FLOW | $99M |
| Net Change in Cash | $490M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $0 |
| Net Receivables | $2.3B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $68M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $58.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.4B |
| TOTAL NON-CURRENT ASSETS | $62.0B |
| TOTAL ASSETS | $65.6B |
| Account Payables | $0 |
| Short-Term Debt | $5.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $5.2B |
| Long-Term Debt | $57.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $454M |
| TOTAL NON-CURRENT LIABILITIES | $57.5B |
| TOTAL LIABILITIES | $62.7B |
| Common Stock | $4M |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | $4.6B |
| Treasury Stock | -$5.1B |
| Accum. Other Comp. Income | $65M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $65.6B |
| Total Debt | $62.2B |
| Net Debt | $60.9B |
