| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.5B | $7.8B | $7.2B | -4.0% | 3.7% |
| Op. Income | $33M | $63M | $54M | -47.6% | -38.9% |
| Gross Margin | 13.3% | 13.7% | 14.0% | -0.4pp | -0.7pp |
| Net Margin | 0.1% | 0.2% | 0.9% | -0.1pp | -0.8pp |
| EPS (Diluted) | $0.12 | $0.31 | $1.10 | -61.3% | -89.1% |
| Free Cash Flow | $65M | $448M | -$126M | -85.5% | 151.6% |
| Item | Amount |
|---|---|
| REVENUE | $7.5B |
| Cost of Revenue | $6.5B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | -$8M |
| SG&A Expenses | -$8M |
| Other Expenses | $975M |
| Operating Expenses | $967M |
| Cost & Expenses | $7.5B |
| OPERATING INCOME | $33M |
| Interest Income | $1M |
| Interest Expense | $33M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $77M |
| EBIT | $41M |
| EBITDA | $118M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $7.5B |
| Cost of Revenue | $6.5B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | -$8M |
| SG&A Expenses | -$8M |
| Other Expenses | $975M |
| Operating Expenses | $967M |
| Cost & Expenses | $7.5B |
| OPERATING INCOME | $33M |
| Interest Income | $1M |
| Interest Expense | $33M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $77M |
| EBIT | $41M |
| EBITDA | $118M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $77M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $40M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $132M |
| Capital Expenditure | -$67M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$68M |
| Net Debt Issuance | -$93M |
| Common Stock Repurchased | $29M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$66M |
| FREE CASH FLOW | $65M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $38M |
| Short-Term Investments | $0 |
| Net Receivables | $985M |
| Inventory | $2.5B |
| Other Current Assets | $204M |
| TOTAL CURRENT ASSETS | $3.7B |
| PP&E (Net) | $3.0B |
| Goodwill | $20M |
| Intangible Assets | $765M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $193M |
| TOTAL NON-CURRENT ASSETS | $3.9B |
| TOTAL ASSETS | $7.6B |
| Account Payables | $1.8B |
| Short-Term Debt | $21M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $165M |
| TOTAL CURRENT LIABILITIES | $2.5B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $13M |
| Other Non-Current Liabilities | $172M |
| TOTAL NON-CURRENT LIABILITIES | $3.3B |
| TOTAL LIABILITIES | $5.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $602M |
| Retained Earnings | $1.3B |
| Treasury Stock | -$65M |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $1M |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $7.6B |
| Total Debt | $3.3B |
| Net Debt | $3.3B |
