| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $416M | $477M | $376M | -12.8% | 10.7% |
| Op. Income | $82M | $91M | $60M | -9.1% | 36.3% |
| Gross Margin | 36.1% | 36.0% | 30.5% | 0.1pp | 5.6pp |
| Net Margin | 15.6% | 15.0% | 12.5% | 0.6pp | 3.1pp |
| EPS (Diluted) | $0.30 | $0.33 | $0.22 | -9.1% | 36.4% |
| Free Cash Flow | $6M | $67M | $3M | -91.3% | 87.9% |
| Item | Amount |
|---|---|
| REVENUE | $416M |
| Cost of Revenue | $266M |
| GROSS PROFIT | $150M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $44M |
| Other Expenses | $24M |
| Operating Expenses | $68M |
| Cost & Expenses | $333M |
| OPERATING INCOME | $82M |
| Interest Income | $3M |
| Interest Expense | $73.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $86M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $64M |
| D&A | $26M |
| EBIT | $80M |
| EBITDA | $106M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $416M |
| Cost of Revenue | $266M |
| GROSS PROFIT | $150M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $44M |
| Other Expenses | $24M |
| Operating Expenses | $68M |
| Cost & Expenses | $333M |
| OPERATING INCOME | $82M |
| Interest Income | $3M |
| Interest Expense | $73.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $86M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $64M |
| D&A | $26M |
| EBIT | $80M |
| EBITDA | $106M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $65M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$48M |
| OPERATING CASH FLOW | $45M |
| Capital Expenditure | -$39M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$75M |
| NET CASH FROM INVESTING | -$114M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2.0K |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | -$77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $101M |
| Short-Term Investments | $0 |
| Net Receivables | $447M |
| Inventory | $104M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $748M |
| PP&E (Net) | $415M |
| Goodwill | $32M |
| Intangible Assets | $0 |
| Long-Term Investments | -$47M |
| Tax Assets | $47M |
| Other Non-Current Assets | $32M |
| TOTAL NON-CURRENT ASSETS | $480M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $88M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $137M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $47M |
| Other Non-Current Liabilities | $37M |
| TOTAL NON-CURRENT LIABILITIES | $104M |
| TOTAL LIABILITIES | $241M |
| Common Stock | $22M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $968M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $987M |
| Minority Interest | $0 |
| TOTAL EQUITY | $987M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $29M |
| Net Debt | -$72M |
