| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $665M | $846M | $613M | -21.4% | 8.4% |
| Op. Income | -$27M | $100M | $80M | -127.0% | -133.8% |
| Gross Margin | 44.6% | 53.0% | 55.0% | -8.4pp | -10.4pp |
| Net Margin | -8.0% | 5.8% | 3.1% | -13.8pp | -11.1pp |
| EPS (Diluted) | $-0.80 | $0.73 | $0.36 | -209.6% | -322.2% |
| Free Cash Flow | -$82M | $123M | $198M | -166.6% | -141.3% |
| Item | Amount |
|---|---|
| REVENUE | $665M |
| Cost of Revenue | $369M |
| GROSS PROFIT | $297M |
| R&D Expenses | $62M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $179M |
| Other Expenses | $82M |
| Operating Expenses | $323M |
| Cost & Expenses | $692M |
| OPERATING INCOME | -$27M |
| Interest Income | $0 |
| Interest Expense | $29M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | -$64M |
| Income Tax Expense | -$11M |
| Net Income from Continuing Ops | -$53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$53M |
| D&A | $115M |
| EBIT | -$20M |
| EBITDA | $95M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$53M |
| Depreciation & Amortization | $115M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $500.0K |
| Change in Working Capital | -$95M |
| OPERATING CASH FLOW | -$31M |
| Capital Expenditure | -$51M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$19M |
| Sales/Maturities of Investments | $26M |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$42M |
| Net Debt Issuance | -$72M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$33M |
| NET CASH FROM FINANCING | -$100M |
| FREE CASH FLOW | -$82M |
| Net Change in Cash | -$175M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $179M |
| Short-Term Investments | $45M |
| Net Receivables | $427M |
| Inventory | $542M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $1.6B |
| Goodwill | $2.5B |
| Intangible Assets | $3.0B |
| Long-Term Investments | $25M |
| Tax Assets | $16M |
| Other Non-Current Assets | $141M |
| TOTAL NON-CURRENT ASSETS | $7.2B |
| TOTAL ASSETS | $8.6B |
| Account Payables | $226M |
| Short-Term Debt | $207M |
| Deferred Revenue | $41M |
| Other Current Liabilities | $120M |
| TOTAL CURRENT LIABILITIES | $790M |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $200M |
| Other Non-Current Liabilities | $69M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | $2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $8.6B |
| Total Debt | $2.7B |
| Net Debt | $2.5B |
