| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.2B | $2.4B | 1.4% | -7.0% |
| Op. Income | $157M | $113M | $200M | 38.9% | -21.5% |
| Gross Margin | 34.5% | 32.1% | 32.8% | 2.4pp | 1.8pp |
| Net Margin | 9.6% | 5.6% | 11.3% | 4.0pp | -1.7pp |
| EPS (Diluted) | $0.00 | $0.00 | $0.00 | NaN% | NaN% |
| Free Cash Flow | $375M | $137M | $15M | 173.7% | 2400.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $768M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $517M |
| Other Expenses | $0 |
| Operating Expenses | $387M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $157M |
| Interest Income | $67M |
| Interest Expense | $0 |
| Other Income/Expenses | -$60M |
| INCOME BEFORE TAX | $314M |
| Income Tax Expense | $88M |
| Net Income from Continuing Ops | $226M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $213M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $213M |
| D&A | $63M |
| EBIT | $157M |
| EBITDA | $220M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $768M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $517M |
| Other Expenses | $0 |
| Operating Expenses | $387M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $157M |
| Interest Income | $67M |
| Interest Expense | $0 |
| Other Income/Expenses | -$60M |
| INCOME BEFORE TAX | $314M |
| Income Tax Expense | $88M |
| Net Income from Continuing Ops | $226M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $213M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $213M |
| D&A | $63M |
| EBIT | $157M |
| EBITDA | $220M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $213M |
| Depreciation & Amortization | $63M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$207M |
| Other Non-Cash Items | -$97M |
| Change in Working Capital | $224M |
| OPERATING CASH FLOW | $414M |
| Capital Expenditure | -$39M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$31M |
| NET CASH FROM INVESTING | -$70M |
| Net Debt Issuance | $8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$101M |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$105M |
| FREE CASH FLOW | $375M |
| Net Change in Cash | $228M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $649M |
| Short-Term Investments | $0 |
| Net Receivables | $919M |
| Inventory | $933M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $914M |
| Goodwill | $3.5B |
| Intangible Assets | $3.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.8B |
| TOTAL NON-CURRENT ASSETS | $9.5B |
| TOTAL ASSETS | $12.1B |
| Account Payables | $623M |
| Short-Term Debt | $422M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $59M |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $4.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $703M |
| TOTAL NON-CURRENT LIABILITIES | $5.6B |
| TOTAL LIABILITIES | $7.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $10.9B |
| Retained Earnings | -$6.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$308M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $89M |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $12.1B |
| Total Debt | $5.4B |
| Net Debt | $4.7B |
