| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $623M | $494M | $495M | 26.3% | 26.0% |
| Op. Income | $46M | $44M | $36M | 5.3% | 28.7% |
| Gross Margin | 21.4% | 26.0% | 22.9% | -4.7pp | -1.5pp |
| Net Margin | 5.7% | 5.8% | 5.3% | -0.0pp | 0.4pp |
| EPS (Diluted) | $1.34 | $1.07 | $0.98 | 25.2% | 36.7% |
| Free Cash Flow | -$31M | -$17M | $8M | -76.4% | -467.6% |
| Item | Amount |
|---|---|
| REVENUE | $623M |
| Cost of Revenue | $490M |
| GROSS PROFIT | $133M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $87M |
| Operating Expenses | $87M |
| Cost & Expenses | $577M |
| OPERATING INCOME | $46M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $49M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $5M |
| EBIT | $48M |
| EBITDA | $52M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $623M |
| Cost of Revenue | $490M |
| GROSS PROFIT | $133M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $87M |
| Operating Expenses | $87M |
| Cost & Expenses | $577M |
| OPERATING INCOME | $46M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $49M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $5M |
| EBIT | $48M |
| EBITDA | $52M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $36M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $195.0K |
| Other Non-Cash Items | $958.0K |
| Change in Working Capital | -$71M |
| OPERATING CASH FLOW | -$27M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$290.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $211.0K |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $32M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $32M |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | -$136.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $99M |
| Short-Term Investments | $0 |
| Net Receivables | $851M |
| Inventory | $245M |
| Other Current Assets | $98M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $55M |
| Goodwill | $136M |
| Intangible Assets | $28M |
| Long-Term Investments | $81M |
| Tax Assets | $5M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $304M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $300M |
| Short-Term Debt | $299M |
| Deferred Revenue | $126M |
| Other Current Liabilities | $70M |
| TOTAL CURRENT LIABILITIES | $794M |
| Long-Term Debt | $7M |
| Deferred Revenue NC | $43M |
| Deferred Tax Liabilities | -$43M |
| Other Non-Current Liabilities | $51M |
| TOTAL NON-CURRENT LIABILITIES | $58M |
| TOTAL LIABILITIES | $851M |
| Common Stock | $272.0K |
| Additional Paid-In Capital | $165M |
| Retained Earnings | $594M |
| Treasury Stock | -$14M |
| Accum. Other Comp. Income | $597.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $746M |
| Minority Interest | $0 |
| TOTAL EQUITY | $746M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $306M |
| Net Debt | $207M |
