| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $2.0B | $1.8B | -8.3% | -0.3% |
| Op. Income | $125M | $125M | $133M | 0.0% | -6.0% |
| Gross Margin | 12.0% | 11.3% | 12.6% | 0.6pp | -0.7pp |
| Net Margin | 4.0% | 3.7% | 4.5% | 0.3pp | -0.5pp |
| EPS (Diluted) | $1.31 | $1.29 | $1.41 | 1.6% | -7.1% |
| Free Cash Flow | $134M | $113M | $85M | 18.6% | 57.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $219M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $93M |
| Other Expenses | $1M |
| Operating Expenses | $94M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $125M |
| Interest Income | $0 |
| Interest Expense | $30M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $95M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $73M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $73M |
| D&A | $40M |
| EBIT | $125M |
| EBITDA | $165M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $219M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $93M |
| Other Expenses | $1M |
| Operating Expenses | $94M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $125M |
| Interest Income | $0 |
| Interest Expense | $30M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $95M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $73M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $73M |
| D&A | $40M |
| EBIT | $125M |
| EBITDA | $165M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $73M |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$24M |
| Other Non-Cash Items | $35M |
| Change in Working Capital | $39M |
| OPERATING CASH FLOW | $141M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$64M |
| Common Dividends Paid | -$20M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$87M |
| FREE CASH FLOW | $134M |
| Net Change in Cash | $43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $99M |
| Short-Term Investments | $0 |
| Net Receivables | $1.0B |
| Inventory | $135M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $268M |
| Goodwill | $2.9B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $48M |
| Tax Assets | $7M |
| Other Non-Current Assets | $136M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $5.7B |
| Account Payables | $853M |
| Short-Term Debt | $0 |
| Deferred Revenue | $40M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $180M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $723M |
| Retained Earnings | $923M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $10M |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $2.6B |
| Net Debt | $2.5B |
