| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $897M | $919M | — | -2.4% | — |
| Op. Income | $100M | $82M | — | 22.0% | — |
| Gross Margin | 25.9% | 21.5% | — | 4.3pp | — |
| Net Margin | 6.5% | 5.3% | — | 1.1pp | — |
| EPS (Diluted) | $1.37 | $1.14 | — | 20.2% | — |
| Free Cash Flow | $155M | $33M | — | 369.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $897M |
| Cost of Revenue | $665M |
| GROSS PROFIT | $232M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $89M |
| SG&A Expenses | $89M |
| Other Expenses | $43M |
| Operating Expenses | $132M |
| Cost & Expenses | $797M |
| OPERATING INCOME | $100M |
| Interest Income | $5M |
| Interest Expense | $14M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $91M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $58M |
| D&A | $36M |
| EBIT | $100M |
| EBITDA | $136M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $897M |
| Cost of Revenue | $665M |
| GROSS PROFIT | $232M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $89M |
| SG&A Expenses | $89M |
| Other Expenses | $43M |
| Operating Expenses | $132M |
| Cost & Expenses | $797M |
| OPERATING INCOME | $100M |
| Interest Income | $5M |
| Interest Expense | $14M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $91M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $58M |
| D&A | $36M |
| EBIT | $100M |
| EBITDA | $136M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $58M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$31M |
| Other Non-Cash Items | $31M |
| Change in Working Capital | $97M |
| OPERATING CASH FLOW | $197M |
| Capital Expenditure | -$42M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$42M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $42M |
| NET CASH FROM INVESTING | -$42M |
| Net Debt Issuance | -$33M |
| Common Stock Repurchased | -$13M |
| Common Dividends Paid | -$11M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$58M |
| FREE CASH FLOW | $155M |
| Net Change in Cash | $90M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $194M |
| Short-Term Investments | $0 |
| Net Receivables | $448M |
| Inventory | $456M |
| Other Current Assets | $88M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $988M |
| Goodwill | $134M |
| Intangible Assets | $0 |
| Long-Term Investments | -$202M |
| Tax Assets | $202M |
| Other Non-Current Assets | $477M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $382M |
| Short-Term Debt | $70M |
| Deferred Revenue | $66M |
| Other Current Liabilities | $70M |
| TOTAL CURRENT LIABILITIES | $674M |
| Long-Term Debt | $932M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $202M |
| Other Non-Current Liabilities | $98M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $45M |
| Additional Paid-In Capital | $45M |
| Retained Earnings | $2.2B |
| Treasury Stock | -$141M |
| Accum. Other Comp. Income | -$1.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $836M |
| Minority Interest | $0 |
| TOTAL EQUITY | $836M |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $1.1B |
| Net Debt | $871M |
