| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $504M | $472M | $469M | 6.9% | 7.6% |
| Op. Income | $62M | $45M | $57M | 37.6% | 9.0% |
| Gross Margin | 40.6% | 38.5% | 38.4% | 2.2pp | 2.2pp |
| Net Margin | 9.7% | 6.5% | 8.5% | 3.2pp | 1.2pp |
| EPS (Diluted) | $1.15 | $0.73 | $0.94 | 57.5% | 22.3% |
| Free Cash Flow | -$33M | $64M | $60M | -152.2% | -155.4% |
| Item | Amount |
|---|---|
| REVENUE | $504M |
| Cost of Revenue | $299M |
| GROSS PROFIT | $205M |
| R&D Expenses | $28M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $115M |
| Other Expenses | $0 |
| Operating Expenses | $143M |
| Cost & Expenses | $442M |
| OPERATING INCOME | $62M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $56M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $40M |
| EBIT | $63M |
| EBITDA | $103M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $504M |
| Cost of Revenue | $299M |
| GROSS PROFIT | $205M |
| R&D Expenses | $28M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $115M |
| Other Expenses | $0 |
| Operating Expenses | $143M |
| Cost & Expenses | $442M |
| OPERATING INCOME | $62M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $56M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $40M |
| EBIT | $63M |
| EBITDA | $103M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $49M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | -$21M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$114M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $14M |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | $108.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$33M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $119M |
| Short-Term Investments | $19M |
| Net Receivables | $639M |
| Inventory | $0 |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $857M |
| PP&E (Net) | $213M |
| Goodwill | $2.5B |
| Intangible Assets | $1.0B |
| Long-Term Investments | $10M |
| Tax Assets | $0 |
| Other Non-Current Assets | $57M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $119M |
| Short-Term Debt | $30M |
| Deferred Revenue | $566M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $854M |
| Long-Term Debt | $839M |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $109M |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $481.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $1.5B |
| Treasury Stock | -$22M |
| Accum. Other Comp. Income | -$785.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $925M |
| Net Debt | $806M |
