| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $446M | $482M | $483M | -7.5% | -7.6% |
| Op. Income | $0 | $92M | $113M | -100.0% | -100.0% |
| Gross Margin | 28.9% | 29.3% | 34.6% | -0.4pp | -5.6pp |
| Net Margin | 5.7% | 7.4% | 15.6% | -1.7pp | -10.0pp |
| EPS (Diluted) | $0.69 | $0.97 | $1.98 | -28.9% | -65.2% |
| Free Cash Flow | $72M | $27M | $64M | 168.5% | 12.0% |
| Item | Amount |
|---|---|
| REVENUE | $446M |
| Cost of Revenue | $317M |
| GROSS PROFIT | $129M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $40M |
| Other Expenses | $81M |
| Operating Expenses | $129M |
| Cost & Expenses | $446M |
| OPERATING INCOME | $0 |
| Interest Income | $700.0K |
| Interest Expense | $24M |
| Other Income/Expenses | $32M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $31M |
| EBIT | $56M |
| EBITDA | $87M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $25M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | -$600.0K |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $44M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $105M |
| Capital Expenditure | -$34M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $100.0K |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$32M |
| Net Debt Issuance | -$54M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $400.0K |
| NET CASH FROM FINANCING | -$53M |
| FREE CASH FLOW | $72M |
| Net Change in Cash | $17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $85M |
| Short-Term Investments | $0 |
| Net Receivables | $217M |
| Inventory | $387M |
| Other Current Assets | $47M |
| TOTAL CURRENT ASSETS | $735M |
| PP&E (Net) | $869M |
| Goodwill | $520M |
| Intangible Assets | $376M |
| Long-Term Investments | $99M |
| Tax Assets | $6M |
| Other Non-Current Assets | $163M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $197M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $305M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $105M |
| Other Non-Current Liabilities | $118M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $163M |
| Retained Earnings | $1.1B |
| Treasury Stock | -$510M |
| Accum. Other Comp. Income | -$54M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $719M |
| Minority Interest | $0 |
| TOTAL EQUITY | $719M |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $1.5B |
| Net Debt | $1.5B |
