| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $919M | $957M | $911M | -4.0% | 0.8% |
| Op. Income | $71M | $87M | $86M | -17.5% | -17.4% |
| Gross Margin | 50.7% | 50.8% | 51.1% | -0.0pp | -0.3pp |
| Net Margin | 4.4% | 5.3% | 5.1% | -0.8pp | -0.7pp |
| EPS (Diluted) | $0.37 | $0.46 | $0.42 | -19.6% | -11.9% |
| Free Cash Flow | $8M | $30M | -$15M | -74.9% | 150.8% |
| Item | Amount |
|---|---|
| REVENUE | $919M |
| Cost of Revenue | $453M |
| GROSS PROFIT | $466M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $395M |
| Operating Expenses | $395M |
| Cost & Expenses | $847M |
| OPERATING INCOME | $71M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $41M |
| D&A | $25M |
| EBIT | $78M |
| EBITDA | $103M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $919M |
| Cost of Revenue | $453M |
| GROSS PROFIT | $466M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $395M |
| Operating Expenses | $395M |
| Cost & Expenses | $847M |
| OPERATING INCOME | $71M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $41M |
| D&A | $25M |
| EBIT | $78M |
| EBITDA | $103M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $41M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$27.0K |
| Other Non-Cash Items | $851.0K |
| Change in Working Capital | -$46M |
| OPERATING CASH FLOW | $25M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | -$40M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$43M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | -$37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $62M |
| Short-Term Investments | $0 |
| Net Receivables | $76M |
| Inventory | $1.0B |
| Other Current Assets | $48M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $846M |
| Goodwill | $534M |
| Intangible Assets | $51M |
| Long-Term Investments | $0 |
| Tax Assets | $86M |
| Other Non-Current Assets | -$51M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $265M |
| Short-Term Debt | $192M |
| Deferred Revenue | $19M |
| Other Current Liabilities | -$75M |
| TOTAL CURRENT LIABILITIES | $631M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $86M |
| Other Non-Current Liabilities | -$423M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $14M |
| Retained Earnings | $531M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$120M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $426M |
| Minority Interest | $0 |
| TOTAL EQUITY | $426M |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $2.3B |
| Net Debt | $2.2B |
