| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.8B | $1.9B | 4.3% | 0.6% |
| Op. Income | $133M | $125M | $114M | 6.4% | 16.7% |
| Gross Margin | 11.6% | 12.0% | 11.2% | -0.4pp | 0.4pp |
| Net Margin | 4.2% | 4.0% | 3.7% | 0.2pp | 0.4pp |
| EPS (Diluted) | $1.45 | $1.31 | $1.22 | 10.7% | 18.9% |
| Free Cash Flow | $122M | $134M | $124M | -9.0% | -1.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $221M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $87M |
| Other Expenses | $1M |
| Operating Expenses | $88M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $133M |
| Interest Income | $0 |
| Interest Expense | $30M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $100M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $37M |
| EBIT | $130M |
| EBITDA | $167M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $221M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $87M |
| Other Expenses | $1M |
| Operating Expenses | $88M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $133M |
| Interest Income | $0 |
| Interest Expense | $30M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $100M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $37M |
| EBIT | $130M |
| EBITDA | $167M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $80M |
| Depreciation & Amortization | $37M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $128M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$90M |
| Common Stock Repurchased | -$60M |
| Common Dividends Paid | -$21M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$168M |
| FREE CASH FLOW | $122M |
| Net Change in Cash | -$46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $53M |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $135M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $261M |
| Goodwill | $2.9B |
| Intangible Assets | $1.0B |
| Long-Term Investments | $46M |
| Tax Assets | -$46M |
| Other Non-Current Assets | $123M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $5.6B |
| Account Payables | $819M |
| Short-Term Debt | $15M |
| Deferred Revenue | $35M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $184M |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $3.9B |
| Common Stock | $0 |
| Additional Paid-In Capital | $679M |
| Retained Earnings | $981M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $26M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $10M |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $5.6B |
| Total Debt | $2.4B |
| Net Debt | $2.3B |
