| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.2B | $1.1B | 13.5% | 30.3% |
| Op. Income | $210M | $148M | $104M | 42.1% | 102.0% |
| Gross Margin | 24.4% | 22.6% | 19.8% | 1.9pp | 4.7pp |
| Net Margin | 11.4% | 9.1% | 6.9% | 2.2pp | 4.5pp |
| EPS (Diluted) | $2.35 | $1.60 | $1.07 | 46.9% | 119.6% |
| Free Cash Flow | $102M | -$11M | $44M | 1009.8% | 131.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $343M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $134M |
| Other Expenses | -$1M |
| Operating Expenses | $133M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $210M |
| Interest Income | $1M |
| Interest Expense | $15M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $192M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $160M |
| Net Income from Discontinued Ops | -$400.0K |
| Other Adjustments | $0 |
| NET INCOME | $159M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $160M |
| D&A | $13M |
| EBIT | $207M |
| EBITDA | $220M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $343M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $134M |
| Other Expenses | -$1M |
| Operating Expenses | $133M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $210M |
| Interest Income | $1M |
| Interest Expense | $15M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $192M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $160M |
| Net Income from Discontinued Ops | -$400.0K |
| Other Adjustments | $0 |
| NET INCOME | $159M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $160M |
| D&A | $13M |
| EBIT | $207M |
| EBITDA | $220M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $159M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | -$500.0K |
| Change in Working Capital | -$52M |
| OPERATING CASH FLOW | $121M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | -$6M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $33M |
| NET CASH FROM INVESTING | $9M |
| Net Debt Issuance | -$42M |
| Common Stock Repurchased | -$32M |
| Common Dividends Paid | -$10M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$87M |
| FREE CASH FLOW | $102M |
| Net Change in Cash | $44M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $298M |
| Short-Term Investments | $0 |
| Net Receivables | $681M |
| Inventory | $1.1B |
| Other Current Assets | $117M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $491M |
| Goodwill | $291M |
| Intangible Assets | $17M |
| Long-Term Investments | $100.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $399M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $3.4B |
| Account Payables | $690M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $381M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $734M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $175M |
| TOTAL NON-CURRENT LIABILITIES | $909M |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $900.0K |
| Additional Paid-In Capital | $879M |
| Retained Earnings | $1.5B |
| Treasury Stock | -$595M |
| Accum. Other Comp. Income | -$305M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $737M |
| Net Debt | $439M |
