| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $639M | $610M | $275M | 4.7% | 132.1% |
| Op. Income | $148M | $122M | $43M | 20.6% | 240.3% |
| Gross Margin | 28.2% | 25.0% | 21.8% | 3.2pp | 6.4pp |
| Net Margin | 10.3% | 17.7% | 13.5% | -7.4pp | -3.2pp |
| EPS (Diluted) | $0.45 | $0.74 | $0.19 | -39.2% | 136.8% |
| Free Cash Flow | $104M | -$126M | $56M | 183.0% | 87.6% |
| Item | Amount |
|---|---|
| REVENUE | $639M |
| Cost of Revenue | $459M |
| GROSS PROFIT | $180M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $32M |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $32M |
| Cost & Expenses | $491M |
| OPERATING INCOME | $148M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$82M |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | -$671.0K |
| 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 | $71M |
| EBIT | $148M |
| EBITDA | $219M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $639M |
| Cost of Revenue | $459M |
| GROSS PROFIT | $180M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $32M |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $32M |
| Cost & Expenses | $491M |
| OPERATING INCOME | $148M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$82M |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | -$671.0K |
| 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 | $71M |
| EBIT | $148M |
| EBITDA | $219M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $66M |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$30M |
| Other Non-Cash Items | $31M |
| Change in Working Capital | $95M |
| OPERATING CASH FLOW | $211M |
| Capital Expenditure | -$107M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$107M |
| Net Debt Issuance | $79M |
| Common Stock Repurchased | -$60M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$51M |
| NET CASH FROM FINANCING | -$32M |
| FREE CASH FLOW | $104M |
| Net Change in Cash | $73M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $255M |
| Short-Term Investments | $0 |
| Net Receivables | $580M |
| Inventory | $0 |
| Other Current Assets | $160M |
| TOTAL CURRENT ASSETS | $933M |
| PP&E (Net) | $4.0B |
| Goodwill | $15M |
| Intangible Assets | $17M |
| Long-Term Investments | -$10M |
| Tax Assets | $10M |
| Other Non-Current Assets | $227M |
| TOTAL NON-CURRENT ASSETS | $4.3B |
| TOTAL ASSETS | $5.2B |
| Account Payables | $311M |
| Short-Term Debt | $0 |
| Deferred Revenue | -$15M |
| Other Current Liabilities | $59M |
| TOTAL CURRENT LIABILITIES | $514M |
| Long-Term Debt | $585M |
| Deferred Revenue NC | $95M |
| Deferred Tax Liabilities | $10M |
| Other Non-Current Liabilities | $274M |
| TOTAL NON-CURRENT LIABILITIES | $964M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | $360M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $585M |
| Net Debt | $330M |
