| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13.9B | $14.7B | $12.8B | -5.6% | 8.3% |
| Op. Income | $144M | $191M | $58M | -24.7% | 149.1% |
| Gross Margin | 10.8% | 10.7% | 10.0% | 0.1pp | 0.8pp |
| Net Margin | 0.5% | 0.7% | 0.1% | -0.1pp | 0.4pp |
| EPS (Diluted) | $0.46 | $0.62 | $0.05 | -25.8% | 820.0% |
| Free Cash Flow | $51M | $276M | $78M | -81.7% | -35.0% |
| Item | Amount |
|---|---|
| REVENUE | $13.9B |
| Cost of Revenue | $12.4B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.4B |
| Operating Expenses | $1.4B |
| Cost & Expenses | $13.8B |
| OPERATING INCOME | $144M |
| Interest Income | $0 |
| Interest Expense | $56M |
| Other Income/Expenses | -$48M |
| INCOME BEFORE TAX | $96M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $71M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $71M |
| D&A | $125M |
| EBIT | $152M |
| EBITDA | $277M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $13.9B |
| Cost of Revenue | $12.4B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.4B |
| Operating Expenses | $1.4B |
| Cost & Expenses | $13.8B |
| OPERATING INCOME | $144M |
| Interest Income | $0 |
| Interest Expense | $56M |
| Other Income/Expenses | -$48M |
| INCOME BEFORE TAX | $96M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $71M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $71M |
| D&A | $125M |
| EBIT | $152M |
| EBITDA | $277M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $71M |
| Depreciation & Amortization | $125M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $16M |
| Other Non-Cash Items | $35M |
| Change in Working Capital | -$150M |
| OPERATING CASH FLOW | $109M |
| Capital Expenditure | -$58M |
| Acquisitions (Net) | -$66M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$121M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $14M |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | $51M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $3.3B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.8B |
| PP&E (Net) | $2.8B |
| Goodwill | $2.3B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $134M |
| TOTAL NON-CURRENT ASSETS | $6.4B |
| TOTAL ASSETS | $12.2B |
| Account Payables | $2.4B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.4B |
| Long-Term Debt | $3.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $428M |
| Other Non-Current Liabilities | $223M |
| TOTAL NON-CURRENT LIABILITIES | $5.3B |
| TOTAL LIABILITIES | $8.7B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | $637M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $12.2B |
| Total Debt | $4.8B |
| Net Debt | $4.8B |
