| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $573M | $547M | $671M | 4.8% | -14.7% |
| Op. Income | -$10M | $21M | $50M | -147.7% | -120.5% |
| Gross Margin | 19.8% | 18.0% | 19.2% | 1.8pp | 0.6pp |
| Net Margin | -6.5% | 1.2% | 6.5% | -7.7pp | -13.0pp |
| EPS (Diluted) | $-0.36 | $0.07 | $0.42 | -653.0% | -185.7% |
| Free Cash Flow | $25M | -$24M | $54M | 206.7% | -53.2% |
| Item | Amount |
|---|---|
| REVENUE | $573M |
| Cost of Revenue | $459M |
| GROSS PROFIT | $113M |
| R&D Expenses | $6M |
| Selling & Marketing | $19M |
| General & Administrative | $39M |
| SG&A Expenses | $58M |
| Other Expenses | $60M |
| Operating Expenses | $123M |
| Cost & Expenses | $583M |
| OPERATING INCOME | -$10M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | -$37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$37M |
| D&A | $38M |
| EBIT | -$7M |
| EBITDA | $30M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$37M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $44M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $59M |
| Capital Expenditure | -$34M |
| Acquisitions (Net) | $41.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$101.0K |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | -$875.0K |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$15M |
| FREE CASH FLOW | $25M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $408M |
| Short-Term Investments | $0 |
| Net Receivables | $702M |
| Inventory | $206M |
| Other Current Assets | $37M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $898M |
| Goodwill | $703M |
| Intangible Assets | $250M |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $58M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $3.3B |
| Account Payables | $336M |
| Short-Term Debt | $11M |
| Deferred Revenue | $102M |
| Other Current Liabilities | $128M |
| TOTAL CURRENT LIABILITIES | $688M |
| Long-Term Debt | $865M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $59M |
| Other Non-Current Liabilities | $58M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $111.0K |
| Additional Paid-In Capital | $875M |
| Retained Earnings | $765M |
| Treasury Stock | -$113M |
| Accum. Other Comp. Income | -$25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $971M |
| Net Debt | $563M |
