| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $919M | $959M | — | -4.2% | — |
| Op. Income | $82M | $148M | — | -44.6% | — |
| Gross Margin | 21.5% | 28.3% | — | -6.7pp | — |
| Net Margin | 5.3% | 10.1% | — | -4.8pp | — |
| EPS (Diluted) | $1.14 | $2.25 | — | -49.3% | — |
| Free Cash Flow | $33M | $2M | — | 1550.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $919M |
| Cost of Revenue | $721M |
| GROSS PROFIT | $198M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $76M |
| SG&A Expenses | $76M |
| Other Expenses | $40M |
| Operating Expenses | $116M |
| Cost & Expenses | $837M |
| OPERATING INCOME | $82M |
| Interest Income | $2M |
| Interest Expense | $14M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $70M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $34M |
| EBIT | $82M |
| EBITDA | $116M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $919M |
| Cost of Revenue | $721M |
| GROSS PROFIT | $198M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $76M |
| SG&A Expenses | $76M |
| Other Expenses | $40M |
| Operating Expenses | $116M |
| Cost & Expenses | $837M |
| OPERATING INCOME | $82M |
| Interest Income | $2M |
| Interest Expense | $14M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $70M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $34M |
| EBIT | $82M |
| EBITDA | $116M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $49M |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | $77M |
| Capital Expenditure | -$44M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$44M |
| Net Debt Issuance | -$26M |
| Common Stock Repurchased | -$30M |
| Common Dividends Paid | -$11M |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$65M |
| FREE CASH FLOW | $33M |
| Net Change in Cash | -$27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $164M |
| Short-Term Investments | $0 |
| Net Receivables | $472M |
| Inventory | $486M |
| Other Current Assets | $39M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $1.4B |
| Goodwill | $140M |
| Intangible Assets | $0 |
| Long-Term Investments | $23M |
| Tax Assets | $0 |
| Other Non-Current Assets | $136M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $391M |
| Short-Term Debt | $96M |
| Deferred Revenue | $13M |
| Other Current Liabilities | $117M |
| TOTAL CURRENT LIABILITIES | $667M |
| Long-Term Debt | $940M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $212M |
| Other Non-Current Liabilities | $95M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $45M |
| Additional Paid-In Capital | $39M |
| Retained Earnings | $2.2B |
| Treasury Stock | -$127M |
| Accum. Other Comp. Income | -$1.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $862M |
| Minority Interest | $0 |
| TOTAL EQUITY | $862M |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $1.1B |
| Net Debt | $919M |
