| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $967M | $848M | $909M | 14.0% | 6.4% |
| Op. Income | $79M | -$25M | $7M | 416.0% | 1028.6% |
| Gross Margin | 18.2% | 5.0% | 11.1% | 13.2pp | 7.1pp |
| Net Margin | 7.3% | -1.5% | 1.4% | 8.9pp | 5.9pp |
| EPS (Diluted) | $0.31 | $-0.06 | $0.06 | 620.1% | 421.9% |
| Free Cash Flow | -$30M | -$36M | -$3M | 16.7% | -900.0% |
| Item | Amount |
|---|---|
| REVENUE | $967M |
| Cost of Revenue | $791M |
| GROSS PROFIT | $176M |
| R&D Expenses | $0 |
| Selling & Marketing | $44M |
| General & Administrative | $0 |
| SG&A Expenses | $44M |
| Other Expenses | $53M |
| Operating Expenses | $97M |
| Cost & Expenses | $888M |
| OPERATING INCOME | $79M |
| Interest Income | $10M |
| Interest Expense | $1M |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $88M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $71M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $69M |
| D&A | $12M |
| EBIT | $62M |
| EBITDA | $74M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $967M |
| Cost of Revenue | $791M |
| GROSS PROFIT | $176M |
| R&D Expenses | $0 |
| Selling & Marketing | $44M |
| General & Administrative | $0 |
| SG&A Expenses | $44M |
| Other Expenses | $53M |
| Operating Expenses | $97M |
| Cost & Expenses | $888M |
| OPERATING INCOME | $79M |
| Interest Income | $10M |
| Interest Expense | $1M |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $88M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $71M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $69M |
| D&A | $12M |
| EBIT | $62M |
| EBITDA | $74M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $71M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $17M |
| Other Non-Cash Items | -$16M |
| Change in Working Capital | -$96M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | -$23M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$43M |
| Net Debt Issuance | $41M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $42M |
| FREE CASH FLOW | -$30M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $780M |
| Short-Term Investments | $0 |
| Net Receivables | $96M |
| Inventory | $60M |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $2.9B |
| Goodwill | $0 |
| Intangible Assets | $28M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $773M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $4.7B |
| Account Payables | $91M |
| Short-Term Debt | $237M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $594M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $193M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $147M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $396M |
| Retained Earnings | $180M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $566M |
| Minority Interest | $0 |
| TOTAL EQUITY | $566M |
| TOTAL LIABILITIES & EQUITY | $4.7B |
| Total Debt | $3.1B |
| Net Debt | $2.3B |
