| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $685M | $703M | $724M | -2.5% | -5.3% |
| Op. Income | $124M | $125M | $84M | -0.6% | 48.6% |
| Gross Margin | 28.6% | 28.2% | 21.8% | 0.4pp | 6.8pp |
| Net Margin | 14.5% | 13.9% | 9.2% | 0.7pp | 5.4pp |
| EPS (Diluted) | $10.37 | $10.09 | $6.56 | 2.8% | 58.1% |
| Free Cash Flow | $138M | $98M | $2M | 41.1% | 5688.7% |
| Item | Amount |
|---|---|
| REVENUE | $685M |
| Cost of Revenue | $489M |
| GROSS PROFIT | $196M |
| R&D Expenses | $34M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | $0 |
| Operating Expenses | $71M |
| Cost & Expenses | $561M |
| OPERATING INCOME | $124M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $468.0K |
| INCOME BEFORE TAX | $125M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $100M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $99M |
| D&A | $20M |
| EBIT | $135M |
| EBITDA | $155M |
| EPS | $10 |
| EPS Diluted | $10 |
| Item | Amount |
|---|---|
| REVENUE | $685M |
| Cost of Revenue | $489M |
| GROSS PROFIT | $196M |
| R&D Expenses | $34M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | $0 |
| Operating Expenses | $71M |
| Cost & Expenses | $561M |
| OPERATING INCOME | $124M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $468.0K |
| INCOME BEFORE TAX | $125M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $100M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $99M |
| D&A | $20M |
| EBIT | $135M |
| EBITDA | $155M |
| EPS | $10 |
| EPS Diluted | $10 |
| Item | Amount |
|---|---|
| Net Income | $100M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $43M |
| OPERATING CASH FLOW | $152M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | -$42M |
| Common Stock Repurchased | -$14M |
| Common Dividends Paid | -$22M |
| Other Financing Activities | -$706.0K |
| NET CASH FROM FINANCING | -$79M |
| FREE CASH FLOW | $138M |
| Net Change in Cash | $61M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $131M |
| Short-Term Investments | $0 |
| Net Receivables | $436M |
| Inventory | $537M |
| Other Current Assets | $36M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $718M |
| Goodwill | $124M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $382M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $223M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $349M |
| Long-Term Debt | $916M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $160M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $947M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$55M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $893M |
| Minority Interest | $0 |
| TOTAL EQUITY | $893M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $978M |
| Net Debt | $847M |
