| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.4B | $2.3B | $2.1B | 6.4% | 16.8% |
| Op. Income | $235M | $131M | $69M | 79.6% | 238.5% |
| Gross Margin | 17.6% | 14.7% | 11.6% | 2.9pp | 6.0pp |
| Net Margin | 7.3% | 3.9% | 1.3% | 3.4pp | 6.0pp |
| EPS (Diluted) | $2.67 | $1.34 | $0.41 | 99.3% | 551.2% |
| Free Cash Flow | -$145M | -$32M | -$439M | -356.5% | 67.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $425M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $185M |
| Other Expenses | $4M |
| Operating Expenses | $190M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $235M |
| Interest Income | $5M |
| Interest Expense | $13M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $231M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $175M |
| Net Income from Discontinued Ops | $0 |
| NET INCOME | $175M |
| BOTTOM LINE NET INCOME | $175M |
| D&A | $34M |
| EBIT | $245M |
| EBITDA | $279M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $425M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $185M |
| Other Expenses | $4M |
| Operating Expenses | $190M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $235M |
| Interest Income | $5M |
| Interest Expense | $13M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $231M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $175M |
| Net Income from Discontinued Ops | $0 |
| NET INCOME | $175M |
| BOTTOM LINE NET INCOME | $175M |
| D&A | $34M |
| EBIT | $245M |
| EBITDA | $279M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $175M |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$49M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$291M |
| OPERATING CASH FLOW | -$126M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | -$600.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $600.0K |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | -$200.0K |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | -$27M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$38M |
| FREE CASH FLOW | -$145M |
| Net Change in Cash | -$183M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $356M |
| Short-Term Investments | $0 |
| Net Receivables | $2.1B |
| Inventory | $1.9B |
| Other Current Assets | $75M |
| TOTAL CURRENT ASSETS | $4.4B |
| PP&E (Net) | $891M |
| Goodwill | $1.2B |
| Intangible Assets | $533M |
| Long-Term Investments | $0 |
| Tax Assets | $198M |
| Other Non-Current Assets | $883M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $8.0B |
| Account Payables | $1.1B |
| Short-Term Debt | $0 |
| Deferred Revenue | $629M |
| Other Current Liabilities | $408M |
| TOTAL CURRENT LIABILITIES | $2.4B |
| Long-Term Debt | $597M |
| Deferred Revenue NC | $1.1B |
| Deferred Tax Liabilities | $18M |
| Other Non-Current Liabilities | $512M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $4.6B |
| Common Stock | $700.0K |
| Additional Paid-In Capital | $816M |
| Retained Earnings | $3.5B |
| Treasury Stock | -$862M |
| Accum. Other Comp. Income | -$83M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $8.0B |
| Total Debt | $597M |
| Net Debt | $242M |
