| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1000M | $865M | 4.1% | 20.3% |
| Op. Income | $74M | $115M | $50M | -35.4% | 48.6% |
| Gross Margin | 8.7% | 13.4% | 7.5% | -4.7pp | 1.2pp |
| Net Margin | 5.6% | 9.3% | 4.6% | -3.6pp | 1.1pp |
| EPS (Diluted) | $0.92 | $1.48 | $0.61 | -37.8% | 50.8% |
| Free Cash Flow | $154M | $130M | $144M | 18.1% | 6.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $950M |
| GROSS PROFIT | $91M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $7M |
| Operating Expenses | $17M |
| Cost & Expenses | $966M |
| OPERATING INCOME | $74M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $74M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $56M |
| D&A | $8M |
| EBIT | $81M |
| EBITDA | $90M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $950M |
| GROSS PROFIT | $91M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $7M |
| Operating Expenses | $17M |
| Cost & Expenses | $966M |
| OPERATING INCOME | $74M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $74M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $56M |
| D&A | $8M |
| EBIT | $81M |
| EBITDA | $90M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $59M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $127M |
| Change in Working Capital | -$41M |
| OPERATING CASH FLOW | $158M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.6B |
| Sales/Maturities of Investments | $1.5B |
| Other Investing Activities | -$16M |
| NET CASH FROM INVESTING | -$155M |
| Net Debt Issuance | -$616.0K |
| Common Stock Repurchased | -$69.0K |
| Common Dividends Paid | -$18M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | $154M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $354.0K |
| Short-Term Investments | $7.4B |
| Net Receivables | $2.0B |
| Inventory | $0 |
| Other Current Assets | -$9.5B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $81M |
| Goodwill | $8M |
| Intangible Assets | $0 |
| Long-Term Investments | $7.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$7.6B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $11.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$95M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $501M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$504M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $8.5B |
| Common Stock | $210M |
| Additional Paid-In Capital | $512M |
| Retained Earnings | $2.9B |
| Treasury Stock | -$635M |
| Accum. Other Comp. Income | -$476M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $11.2B |
| Total Debt | $504M |
| Net Debt | $503M |
