| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $494M | $458M | $458M | 7.7% | 7.8% |
| Op. Income | $44M | $33M | $44M | 32.9% | -0.4% |
| Gross Margin | 26.0% | 23.9% | 26.0% | 2.1pp | 0.0pp |
| Net Margin | 5.8% | 4.9% | 6.9% | 0.9pp | -1.1pp |
| EPS (Diluted) | $1.07 | $0.84 | $1.17 | 27.4% | -8.5% |
| Free Cash Flow | -$17M | -$105M | -$79M | 83.4% | 78.1% |
| Item | Amount |
|---|---|
| REVENUE | $494M |
| Cost of Revenue | $365M |
| GROSS PROFIT | $128M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $84M |
| Operating Expenses | $84M |
| Cost & Expenses | $450M |
| OPERATING INCOME | $44M |
| Interest Income | $0 |
| Interest Expense | $925.0K |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $28M |
| D&A | $5M |
| EBIT | $45M |
| EBITDA | $50M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $494M |
| Cost of Revenue | $365M |
| GROSS PROFIT | $128M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $84M |
| Operating Expenses | $84M |
| Cost & Expenses | $450M |
| OPERATING INCOME | $44M |
| Interest Income | $0 |
| Interest Expense | $925.0K |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $28M |
| D&A | $5M |
| EBIT | $45M |
| EBITDA | $50M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $28M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$50M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$633.0K |
| Acquisitions (Net) | -$13M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $40M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $40M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $100M |
| Short-Term Investments | $0 |
| Net Receivables | $634M |
| Inventory | $275M |
| Other Current Assets | $61M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $59M |
| Goodwill | $136M |
| Intangible Assets | $30M |
| Long-Term Investments | $0 |
| Tax Assets | $5M |
| Other Non-Current Assets | $71M |
| TOTAL NON-CURRENT ASSETS | $301M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $193M |
| Short-Term Debt | $239M |
| Deferred Revenue | $108M |
| Other Current Liabilities | $33M |
| TOTAL CURRENT LIABILITIES | $607M |
| Long-Term Debt | $12M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $46M |
| TOTAL NON-CURRENT LIABILITIES | $58M |
| TOTAL LIABILITIES | $666M |
| Common Stock | $272.0K |
| Additional Paid-In Capital | $163M |
| Retained Earnings | $559M |
| Treasury Stock | -$14M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $706M |
| Minority Interest | $0 |
| TOTAL EQUITY | $706M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $252M |
| Net Debt | $152M |
