| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.5B | $1.2B | -27.0% | -5.7% |
| Op. Income | $77M | $206M | -$563M | -62.5% | 113.7% |
| Gross Margin | 18.4% | 26.9% | 19.9% | -8.5pp | -1.5pp |
| Net Margin | 3.9% | 7.1% | -37.4% | -3.2pp | 41.3pp |
| EPS (Diluted) | $0.77 | $1.94 | $-8.01 | -60.3% | 109.6% |
| Free Cash Flow | $541M | -$158M | $430M | 443.2% | 25.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $913M |
| GROSS PROFIT | $206M |
| R&D Expenses | $9M |
| Selling & Marketing | $47M |
| General & Administrative | $67M |
| SG&A Expenses | $114M |
| Other Expenses | $6M |
| Operating Expenses | $129M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $77M |
| Interest Income | $0 |
| Interest Expense | $47M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | $52M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $23M |
| EBIT | $99M |
| EBITDA | $122M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $913M |
| GROSS PROFIT | $206M |
| R&D Expenses | $9M |
| Selling & Marketing | $47M |
| General & Administrative | $67M |
| SG&A Expenses | $114M |
| Other Expenses | $6M |
| Operating Expenses | $129M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $77M |
| Interest Income | $0 |
| Interest Expense | $47M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | $52M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $23M |
| EBIT | $99M |
| EBITDA | $122M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $44M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | -$6M |
| Deferred Income Tax | -$23M |
| Other Non-Cash Items | -$17M |
| Change in Working Capital | $542M |
| OPERATING CASH FLOW | $563M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | -$497M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$37M |
| Other Financing Activities | $500.0K |
| NET CASH FROM FINANCING | -$536M |
| FREE CASH FLOW | $541M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $0 |
| Net Receivables | $718M |
| Inventory | $885M |
| Other Current Assets | $621M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $590M |
| Goodwill | $255M |
| Intangible Assets | $560M |
| Long-Term Investments | $197M |
| Tax Assets | $0 |
| Other Non-Current Assets | $602M |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $4.5B |
| Account Payables | $366M |
| Short-Term Debt | $451M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $513M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $2.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $362M |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $4.3B |
| Common Stock | $351M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $997M |
| Treasury Stock | -$1.0B |
| Accum. Other Comp. Income | -$181M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $135M |
| Minority Interest | $0 |
| TOTAL EQUITY | $135M |
| TOTAL LIABILITIES & EQUITY | $4.5B |
| Total Debt | $3.1B |
| Net Debt | $3.1B |
