| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.0B | $981M | 5.2% | 9.0% |
| Op. Income | $82M | $67M | $59M | 23.6% | 39.4% |
| Gross Margin | 23.5% | 22.5% | 22.1% | 0.9pp | 1.3pp |
| Net Margin | 10.7% | 3.9% | 3.5% | 6.8pp | 7.2pp |
| EPS (Diluted) | $0.63 | $0.21 | $0.19 | 200.0% | 231.6% |
| Free Cash Flow | $162M | $84M | $100M | 92.6% | 62.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $818M |
| GROSS PROFIT | $251M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $154M |
| Other Expenses | $15M |
| Operating Expenses | $168M |
| Cost & Expenses | $987M |
| OPERATING INCOME | $82M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | $73M |
| INCOME BEFORE TAX | $156M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $114M |
| D&A | $16M |
| EBIT | $169M |
| EBITDA | $184M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $818M |
| GROSS PROFIT | $251M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $154M |
| Other Expenses | $15M |
| Operating Expenses | $168M |
| Cost & Expenses | $987M |
| OPERATING INCOME | $82M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | $73M |
| INCOME BEFORE TAX | $156M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $114M |
| D&A | $16M |
| EBIT | $169M |
| EBITDA | $184M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $114M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $24M |
| OPERATING CASH FLOW | $170M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $162M |
| Net Change in Cash | $143M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $441M |
| Short-Term Investments | $0 |
| Net Receivables | $398M |
| Inventory | $263M |
| Other Current Assets | $96M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $187M |
| Goodwill | $1.5B |
| Intangible Assets | $353M |
| Long-Term Investments | $39M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $3.3B |
| Account Payables | $468M |
| Short-Term Debt | $25M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $103M |
| TOTAL CURRENT LIABILITIES | $668M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $35M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $18.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $344M |
| Treasury Stock | -$78M |
| Accum. Other Comp. Income | $21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $1.2B |
| Net Debt | $722M |
