| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $527M | $1.7B | 190.8% | -8.8% |
| Op. Income | $206M | -$42M | $388M | 593.3% | -46.8% |
| Gross Margin | 26.9% | 18.2% | 35.1% | 8.8pp | -8.1pp |
| Net Margin | 7.1% | -12.3% | 16.5% | 19.4pp | -9.3pp |
| EPS (Diluted) | $1.94 | $-1.17 | $4.94 | 265.8% | -60.7% |
| Free Cash Flow | -$158M | -$461M | -$397M | 65.8% | 60.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $413M |
| R&D Expenses | $8M |
| Selling & Marketing | $52M |
| General & Administrative | $120M |
| SG&A Expenses | $172M |
| Other Expenses | $26M |
| Operating Expenses | $207M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $206M |
| Interest Income | $0 |
| Interest Expense | $48M |
| Other Income/Expenses | -$56M |
| INCOME BEFORE TAX | $150M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | $109M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $109M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $109M |
| D&A | $23M |
| EBIT | $198M |
| EBITDA | $221M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $413M |
| R&D Expenses | $8M |
| Selling & Marketing | $52M |
| General & Administrative | $120M |
| SG&A Expenses | $172M |
| Other Expenses | $26M |
| Operating Expenses | $207M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $206M |
| Interest Income | $0 |
| Interest Expense | $48M |
| Other Income/Expenses | -$56M |
| INCOME BEFORE TAX | $150M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | $109M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $109M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $109M |
| D&A | $23M |
| EBIT | $198M |
| EBITDA | $221M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $109M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $48M |
| Change in Working Capital | -$347M |
| OPERATING CASH FLOW | -$135M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $700.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $37M |
| NET CASH FROM INVESTING | $15M |
| Net Debt Issuance | $166M |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | -$38M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $119M |
| FREE CASH FLOW | -$158M |
| Net Change in Cash | -$600.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $0 |
| Net Receivables | $1.0B |
| Inventory | $1.1B |
| Other Current Assets | $654M |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $589M |
| Goodwill | $254M |
| Intangible Assets | $566M |
| Long-Term Investments | $174M |
| Tax Assets | $0 |
| Other Non-Current Assets | $563M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $5.0B |
| Account Payables | $416M |
| Short-Term Debt | $435M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $522M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $3.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $340M |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $4.9B |
| Common Stock | $374M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $990M |
| Treasury Stock | -$1.0B |
| Accum. Other Comp. Income | -$187M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $138M |
| Minority Interest | $0 |
| TOTAL EQUITY | $138M |
| TOTAL LIABILITIES & EQUITY | $5.0B |
| Total Debt | $3.6B |
| Net Debt | $3.5B |
