| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $800M | $739M | $992M | 8.3% | -19.3% |
| Op. Income | $158M | $105M | $236M | 50.0% | -33.0% |
| Gross Margin | 47.5% | 47.0% | 52.8% | 0.5pp | -5.3pp |
| Net Margin | 9.6% | 5.7% | 12.3% | 3.9pp | -2.8pp |
| EPS (Diluted) | $3.37 | $1.76 | $4.54 | 91.5% | -25.8% |
| Free Cash Flow | $114M | $53M | $23M | 117.3% | 388.6% |
| Item | Amount |
|---|---|
| REVENUE | $800M |
| Cost of Revenue | $420M |
| GROSS PROFIT | $380M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $222M |
| Other Expenses | $0 |
| Operating Expenses | $222M |
| Cost & Expenses | $643M |
| OPERATING INCOME | $158M |
| Interest Income | $15M |
| Interest Expense | $59M |
| Other Income/Expenses | -$54M |
| INCOME BEFORE TAX | $104M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $76M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $76M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $76M |
| D&A | $47M |
| EBIT | $166M |
| EBITDA | $213M |
| EPS | $4 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $800M |
| Cost of Revenue | $420M |
| GROSS PROFIT | $380M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $222M |
| Other Expenses | $0 |
| Operating Expenses | $222M |
| Cost & Expenses | $643M |
| OPERATING INCOME | $158M |
| Interest Income | $15M |
| Interest Expense | $59M |
| Other Income/Expenses | -$54M |
| INCOME BEFORE TAX | $104M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $76M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $76M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $76M |
| D&A | $47M |
| EBIT | $166M |
| EBITDA | $213M |
| EPS | $4 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $76M |
| Depreciation & Amortization | $47M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $27M |
| Other Non-Cash Items | $23M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | $162M |
| Capital Expenditure | -$47M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$596.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$48M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | -$1.2B |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $114M |
| Net Change in Cash | -$1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $421M |
| Short-Term Investments | $0 |
| Net Receivables | $91M |
| Inventory | $757M |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $2.3B |
| Goodwill | $141M |
| Intangible Assets | $75M |
| Long-Term Investments | $130M |
| Tax Assets | $123M |
| Other Non-Current Assets | $152M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $4.2B |
| Account Payables | $150M |
| Short-Term Debt | $126M |
| Deferred Revenue | $331M |
| Other Current Liabilities | $214M |
| TOTAL CURRENT LIABILITIES | $873M |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $3.6B |
| TOTAL LIABILITIES | $4.5B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $262M |
| Retained Earnings | -$550M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$285M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$285M |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $3.7B |
| Net Debt | $3.3B |
