| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.8B | $7.5B | $7.4B | 3.8% | 5.4% |
| Op. Income | $63M | $99M | $125M | -36.4% | -49.6% |
| Gross Margin | 13.7% | 14.6% | 14.5% | -0.9pp | -0.8pp |
| Net Margin | 0.2% | 0.9% | 0.9% | -0.6pp | -0.6pp |
| EPS (Diluted) | $0.31 | $1.07 | $1.08 | -71.0% | -71.3% |
| Free Cash Flow | $448M | -$329M | $74M | 236.2% | 505.4% |
| Item | Amount |
|---|---|
| REVENUE | $7.8B |
| Cost of Revenue | $6.7B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | -$7M |
| SG&A Expenses | -$7M |
| Other Expenses | $1.0B |
| Operating Expenses | $1.0B |
| Cost & Expenses | $7.8B |
| OPERATING INCOME | $63M |
| Interest Income | -$3M |
| Interest Expense | $33M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $73M |
| EBIT | $64M |
| EBITDA | $137M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $7.8B |
| Cost of Revenue | $6.7B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | -$7M |
| SG&A Expenses | -$7M |
| Other Expenses | $1.0B |
| Operating Expenses | $1.0B |
| Cost & Expenses | $7.8B |
| OPERATING INCOME | $63M |
| Interest Income | -$3M |
| Interest Expense | $33M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $73M |
| EBIT | $64M |
| EBITDA | $137M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $19M |
| Depreciation & Amortization | $73M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $34M |
| Change in Working Capital | $407M |
| OPERATING CASH FLOW | $532M |
| Capital Expenditure | -$84M |
| Acquisitions (Net) | $5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$82M |
| Net Debt Issuance | -$431M |
| Common Stock Repurchased | -$17M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$450M |
| FREE CASH FLOW | $448M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $0 |
| Net Receivables | $992M |
| Inventory | $2.5B |
| Other Current Assets | $197M |
| TOTAL CURRENT ASSETS | $3.7B |
| PP&E (Net) | $2.9B |
| Goodwill | $20M |
| Intangible Assets | $783M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $154M |
| TOTAL NON-CURRENT ASSETS | $3.9B |
| TOTAL ASSETS | $7.6B |
| Account Payables | $1.8B |
| Short-Term Debt | $23M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $166M |
| TOTAL CURRENT LIABILITIES | $2.4B |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $190M |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $5.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $592M |
| Retained Earnings | $1.3B |
| Treasury Stock | -$53M |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $3M |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $7.6B |
| Total Debt | $3.4B |
| Net Debt | $3.3B |
