| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $353M | $448M | $421M | -21.2% | -16.0% |
| Op. Income | $46M | $112M | $78M | -58.8% | -40.6% |
| Gross Margin | 52.9% | 57.1% | 53.5% | -4.2pp | -0.7pp |
| Net Margin | 6.2% | 14.4% | 16.5% | -8.2pp | -10.3pp |
| EPS (Diluted) | $0.55 | $1.59 | $1.71 | -65.4% | -67.8% |
| Free Cash Flow | $40M | $72M | $114M | -44.7% | -64.9% |
| Item | Amount |
|---|---|
| REVENUE | $353M |
| Cost of Revenue | $166M |
| GROSS PROFIT | $187M |
| R&D Expenses | $89M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $51M |
| Operating Expenses | $141M |
| Cost & Expenses | $307M |
| OPERATING INCOME | $46M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $39M |
| EBIT | $46M |
| EBITDA | $85M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $353M |
| Cost of Revenue | $166M |
| GROSS PROFIT | $187M |
| R&D Expenses | $89M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $51M |
| Operating Expenses | $141M |
| Cost & Expenses | $307M |
| OPERATING INCOME | $46M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $39M |
| EBIT | $46M |
| EBITDA | $85M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $22M |
| Depreciation & Amortization | $39M |
| Stock-Based Compensation | $31M |
| Deferred Income Tax | -$17M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$32M |
| OPERATING CASH FLOW | $50M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | -$16M |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$61M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$18M |
| NET CASH FROM FINANCING | -$80M |
| FREE CASH FLOW | $40M |
| Net Change in Cash | -$49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $819M |
| Short-Term Investments | $40M |
| Net Receivables | $256M |
| Inventory | $178M |
| Other Current Assets | -$1M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $119M |
| Goodwill | $816M |
| Intangible Assets | $334M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $132M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $83M |
| Short-Term Debt | $6M |
| Deferred Revenue | $68M |
| Other Current Liabilities | $37M |
| TOTAL CURRENT LIABILITIES | $299M |
| Long-Term Debt | $974M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $48M |
| Other Non-Current Liabilities | $58M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $946M |
| Retained Earnings | $1.1B |
| Treasury Stock | -$769M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $1.0B |
| Net Debt | $214M |
