| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.2B | -3.0% | 0.8% |
| Op. Income | $97M | $169M | $119M | -42.6% | -18.5% |
| Gross Margin | 21.7% | 25.4% | 22.7% | -3.7pp | -1.0pp |
| Net Margin | 6.9% | 10.5% | 7.1% | -3.6pp | -0.2pp |
| EPS (Diluted) | $1.38 | $2.18 | $1.35 | -36.7% | 2.2% |
| Free Cash Flow | $127M | -$94M | -$104M | 235.1% | 222.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $947M |
| GROSS PROFIT | $262M |
| R&D Expenses | $17M |
| Selling & Marketing | $70M |
| General & Administrative | $60M |
| SG&A Expenses | $130M |
| Other Expenses | $18M |
| Operating Expenses | $165M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $97M |
| Interest Income | $20M |
| Interest Expense | $6M |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | $111M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $18M |
| EBIT | $117M |
| EBITDA | $135M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $947M |
| GROSS PROFIT | $262M |
| R&D Expenses | $17M |
| Selling & Marketing | $70M |
| General & Administrative | $60M |
| SG&A Expenses | $130M |
| Other Expenses | $18M |
| Operating Expenses | $165M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $97M |
| Interest Income | $20M |
| Interest Expense | $6M |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | $111M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $18M |
| EBIT | $117M |
| EBITDA | $135M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $83M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $37M |
| Other Non-Cash Items | -$16M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | $144M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $31M |
| Purchases of Investments | -$88M |
| Sales/Maturities of Investments | $97M |
| Other Investing Activities | -$31M |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$295M |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | -$300M |
| FREE CASH FLOW | $127M |
| Net Change in Cash | -$164M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $482M |
| Short-Term Investments | $69M |
| Net Receivables | $381M |
| Inventory | $0 |
| Other Current Assets | $1.2B |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $56M |
| Goodwill | $462M |
| Intangible Assets | $156M |
| Long-Term Investments | $146M |
| Tax Assets | $0 |
| Other Non-Current Assets | $293M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $3.3B |
| Account Payables | $100M |
| Short-Term Debt | $0 |
| Deferred Revenue | $78M |
| Other Current Liabilities | $221M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $496M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $132M |
| TOTAL NON-CURRENT LIABILITIES | $668M |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $934M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$13M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $915M |
| Minority Interest | $0 |
| TOTAL EQUITY | $915M |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $544M |
| Net Debt | $62M |
