| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $743M | $1.2B | $1.1B | -35.8% | -33.3% |
| Op. Income | $9M | $262M | $296M | -96.7% | -97.1% |
| Gross Margin | 36.1% | 46.5% | 49.2% | -10.5pp | -13.1pp |
| Net Margin | -2.1% | 16.3% | 19.4% | -18.4pp | -21.6pp |
| EPS (Diluted) | $-0.16 | $1.82 | $1.95 | -108.8% | -108.2% |
| Free Cash Flow | $203M | $220M | $67M | -7.9% | 205.1% |
| Item | Amount |
|---|---|
| REVENUE | $743M |
| Cost of Revenue | $475M |
| GROSS PROFIT | $268M |
| R&D Expenses | $149M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $76M |
| Other Expenses | $34M |
| Operating Expenses | $259M |
| Cost & Expenses | $735M |
| OPERATING INCOME | $9M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $84M |
| EBIT | $14M |
| EBITDA | $98M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $84M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $14M |
| Other Non-Cash Items | $37M |
| Change in Working Capital | $99M |
| OPERATING CASH FLOW | $237M |
| Capital Expenditure | -$34M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$202M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$710.0K |
| NET CASH FROM FINANCING | -$201M |
| FREE CASH FLOW | $203M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $919M |
| Short-Term Investments | $0 |
| Net Receivables | $398M |
| Inventory | $857M |
| Other Current Assets | $37M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $1.2B |
| Goodwill | $2.8B |
| Intangible Assets | $567M |
| Long-Term Investments | $24M |
| Tax Assets | $0 |
| Other Non-Current Assets | $265M |
| TOTAL NON-CURRENT ASSETS | $4.8B |
| TOTAL ASSETS | $7.1B |
| Account Payables | $225M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $149M |
| TOTAL CURRENT LIABILITIES | $614M |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $250M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $3.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $316M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.2B |
| TOTAL LIABILITIES & EQUITY | $7.1B |
| Total Debt | $2.0B |
| Net Debt | $1.1B |
