| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $667M | $685M | $696M | -2.6% | -4.2% |
| Op. Income | $132M | $124M | $79M | 6.6% | 68.2% |
| Gross Margin | 30.2% | 28.6% | 21.3% | 1.7pp | 8.9pp |
| Net Margin | 16.7% | 14.5% | 9.1% | 2.1pp | 7.6pp |
| EPS (Diluted) | $11.60 | $10.37 | $6.34 | 11.9% | 83.0% |
| Free Cash Flow | $134M | $138M | -$21M | -3.1% | 738.3% |
| Item | Amount |
|---|---|
| REVENUE | $667M |
| Cost of Revenue | $465M |
| GROSS PROFIT | $202M |
| R&D Expenses | $32M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | $0 |
| Operating Expenses | $69M |
| Cost & Expenses | $535M |
| OPERATING INCOME | $132M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $134M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $111M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $111M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $111M |
| D&A | $17M |
| EBIT | $144M |
| EBITDA | $161M |
| EPS | $12 |
| EPS Diluted | $12 |
| Item | Amount |
|---|---|
| REVENUE | $667M |
| Cost of Revenue | $465M |
| GROSS PROFIT | $202M |
| R&D Expenses | $32M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | $0 |
| Operating Expenses | $69M |
| Cost & Expenses | $535M |
| OPERATING INCOME | $132M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $134M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $111M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $111M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $111M |
| D&A | $17M |
| EBIT | $144M |
| EBITDA | $161M |
| EPS | $12 |
| EPS Diluted | $12 |
| Item | Amount |
|---|---|
| Net Income | $111M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $101.0K |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $143M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$137M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$22M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$160M |
| FREE CASH FLOW | $134M |
| Net Change in Cash | -$28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $103M |
| Short-Term Investments | $0 |
| Net Receivables | $428M |
| Inventory | $503M |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $714M |
| Goodwill | $124M |
| Intangible Assets | $948.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $386M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $215M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $332M |
| Long-Term Debt | $779M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $158M |
| TOTAL NON-CURRENT LIABILITIES | $986M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $2M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$67M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $972M |
| Minority Interest | $0 |
| TOTAL EQUITY | $972M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $842M |
| Net Debt | $740M |
