| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.2B | $2.2B | -1.3% | -1.0% |
| Op. Income | $154M | $157M | $102M | -1.9% | 51.0% |
| Gross Margin | 35.1% | 34.5% | 31.2% | 0.6pp | 3.9pp |
| Net Margin | 2.3% | 9.6% | -100.4% | -7.3pp | 102.7pp |
| EPS (Diluted) | $0.00 | $0.00 | $0.00 | NaN% | NaN% |
| Free Cash Flow | $136M | $375M | $79M | -63.7% | 72.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $770M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $499M |
| Other Expenses | $108M |
| Operating Expenses | $610M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $154M |
| Interest Income | $0 |
| Interest Expense | $63M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $97M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $62M |
| EBIT | $173M |
| EBITDA | $235M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $770M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $499M |
| Other Expenses | $108M |
| Operating Expenses | $610M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $154M |
| Interest Income | $0 |
| Interest Expense | $63M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $97M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $62M |
| EBIT | $173M |
| EBITDA | $235M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $51M |
| Depreciation & Amortization | $98M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $111M |
| Other Non-Cash Items | $85M |
| Change in Working Capital | -$179M |
| OPERATING CASH FLOW | $173M |
| Capital Expenditure | -$37M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$38M |
| Net Debt Issuance | -$436M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$44M |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$491M |
| FREE CASH FLOW | $136M |
| Net Change in Cash | -$366M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $279M |
| Short-Term Investments | $0 |
| Net Receivables | $934M |
| Inventory | $1.0B |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $894M |
| Goodwill | $3.4B |
| Intangible Assets | $3.2B |
| Long-Term Investments | $6.9B |
| Tax Assets | $629M |
| Other Non-Current Assets | -$5.8B |
| TOTAL NON-CURRENT ASSETS | $9.4B |
| TOTAL ASSETS | $11.7B |
| Account Payables | $765M |
| Short-Term Debt | $423M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $49M |
| TOTAL CURRENT LIABILITIES | $2.0B |
| Long-Term Debt | $4.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $720M |
| TOTAL NON-CURRENT LIABILITIES | $5.2B |
| TOTAL LIABILITIES | $7.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $10.9B |
| Retained Earnings | -$6.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$351M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $86M |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $11.7B |
| Total Debt | $4.9B |
| Net Debt | $4.6B |
