| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.4B | $3.0B | — | 13.2% | — |
| Op. Income | $348M | $247M | — | 40.9% | — |
| Gross Margin | 16.9% | 16.3% | — | 0.6pp | — |
| Net Margin | 7.7% | 6.3% | — | 1.4pp | — |
| EPS (Diluted) | $1.30 | $0.92 | — | 41.3% | — |
| Free Cash Flow | $306M | $193M | — | 58.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $578M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $230M |
| SG&A Expenses | $230M |
| Other Expenses | $0 |
| Operating Expenses | $230M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $348M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $329M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $263M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $263M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $263M |
| D&A | $101M |
| EBIT | $348M |
| EBITDA | $449M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $578M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $230M |
| SG&A Expenses | $230M |
| Other Expenses | $0 |
| Operating Expenses | $230M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $348M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $329M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $263M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $263M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $263M |
| D&A | $101M |
| EBIT | $348M |
| EBITDA | $449M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $218M |
| Depreciation & Amortization | $98M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$66M |
| Other Non-Cash Items | $17M |
| Change in Working Capital | $105M |
| OPERATING CASH FLOW | $372M |
| Capital Expenditure | -$66M |
| Acquisitions (Net) | -$198M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $32M |
| NET CASH FROM INVESTING | -$232M |
| Net Debt Issuance | -$117M |
| Common Stock Repurchased | -$282M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$400M |
| FREE CASH FLOW | $306M |
| Net Change in Cash | -$285M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $0 |
| Net Receivables | $953M |
| Inventory | $4.1B |
| Other Current Assets | $829M |
| TOTAL CURRENT ASSETS | $7.6B |
| PP&E (Net) | $2.9B |
| Goodwill | $2.3B |
| Intangible Assets | $0 |
| Long-Term Investments | $574M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.1B |
| TOTAL NON-CURRENT ASSETS | $8.8B |
| TOTAL ASSETS | $16.5B |
| Account Payables | $1.2B |
| Short-Term Debt | $410M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.8B |
| TOTAL CURRENT LIABILITIES | $4.4B |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $5.0B |
| TOTAL LIABILITIES | $9.5B |
| Common Stock | $26M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $6.3B |
| Treasury Stock | -$740M |
| Accum. Other Comp. Income | -$574M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.0B |
| TOTAL LIABILITIES & EQUITY | $16.5B |
| Total Debt | $3.9B |
| Net Debt | $2.2B |
