| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $458M | $417M | $433M | 9.9% | 5.8% |
| Op. Income | $44M | $32M | $28M | 36.5% | 55.5% |
| Gross Margin | 26.0% | 24.6% | 21.8% | 1.4pp | 4.2pp |
| Net Margin | 6.9% | 5.6% | 4.6% | 1.2pp | 2.3pp |
| EPS (Diluted) | $1.17 | $0.87 | $0.74 | 34.5% | 58.1% |
| Free Cash Flow | -$79M | -$72M | $1M | -9.7% | -7826.3% |
| Item | Amount |
|---|---|
| REVENUE | $458M |
| Cost of Revenue | $339M |
| GROSS PROFIT | $119M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $75M |
| Operating Expenses | $75M |
| Cost & Expenses | $414M |
| OPERATING INCOME | $44M |
| Interest Income | $0 |
| Interest Expense | $342.0K |
| Other Income/Expenses | -$325.0K |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $6M |
| EBIT | $45M |
| EBITDA | $50M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $458M |
| Cost of Revenue | $339M |
| GROSS PROFIT | $119M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $75M |
| Operating Expenses | $75M |
| Cost & Expenses | $414M |
| OPERATING INCOME | $44M |
| Interest Income | $0 |
| Interest Expense | $342.0K |
| Other Income/Expenses | -$325.0K |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $6M |
| EBIT | $45M |
| EBITDA | $50M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $31M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$1.0K |
| Other Non-Cash Items | -$18.0K |
| Change in Working Capital | -$109M |
| OPERATING CASH FLOW | -$70M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $43M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $40M |
| FREE CASH FLOW | -$79M |
| Net Change in Cash | -$37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $57M |
| Short-Term Investments | $0 |
| Net Receivables | $595M |
| Inventory | $135M |
| Other Current Assets | $31M |
| TOTAL CURRENT ASSETS | $830M |
| PP&E (Net) | $38M |
| Goodwill | $127M |
| Intangible Assets | $33M |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $111M |
| TOTAL NON-CURRENT ASSETS | $310M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $121M |
| Short-Term Debt | $203M |
| Deferred Revenue | $83M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $476M |
| Long-Term Debt | $14M |
| Deferred Revenue NC | $28M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $51M |
| TOTAL LIABILITIES | $526M |
| Common Stock | $146.0K |
| Additional Paid-In Capital | $156M |
| Retained Earnings | $540M |
| Treasury Stock | -$82M |
| Accum. Other Comp. Income | $215.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $614M |
| Minority Interest | $0 |
| TOTAL EQUITY | $614M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $224M |
| Net Debt | $167M |
