| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.9B | $1.2B | -2.6% | 53.8% |
| Op. Income | $215M | $220M | $51M | -2.2% | 321.5% |
| Gross Margin | 18.7% | 18.8% | 14.0% | -0.1pp | 4.7pp |
| Net Margin | 9.8% | 10.0% | 3.6% | -0.2pp | 6.2pp |
| EPS (Diluted) | $0.31 | $0.34 | $0.08 | -8.8% | 297.4% |
| Free Cash Flow | $151M | $303M | -$66M | -50.1% | 330.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $337M |
| R&D Expenses | $71M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $122M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $215M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $206M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $176M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $176M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $176M |
| D&A | $9M |
| EBIT | $209M |
| EBITDA | $217M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $337M |
| R&D Expenses | $71M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $122M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $215M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $206M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $176M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $176M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $176M |
| D&A | $9M |
| EBIT | $209M |
| EBITDA | $217M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $176M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$40M |
| OPERATING CASH FLOW | $161M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | -$85M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $391.0K |
| NET CASH FROM FINANCING | -$85M |
| FREE CASH FLOW | $151M |
| Net Change in Cash | $66M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $305M |
| Short-Term Investments | $0 |
| Net Receivables | $901M |
| Inventory | $1.4B |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $310M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5M |
| Tax Assets | $96M |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $425M |
| TOTAL ASSETS | $3.1B |
| Account Payables | $560M |
| Short-Term Debt | $28M |
| Deferred Revenue | $179M |
| Other Current Liabilities | -$1.0K |
| TOTAL CURRENT LIABILITIES | $917M |
| Long-Term Debt | $142M |
| Deferred Revenue NC | $160M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $339M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $515M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $612.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $165.0K |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $3.1B |
| Total Debt | $191M |
| Net Debt | -$113M |
