| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $979M | $1.0B | $1.1B | -3.6% | -8.6% |
| Op. Income | $84M | -$35M | $58M | 339.3% | 44.7% |
| Gross Margin | 51.7% | 49.8% | 49.7% | 1.9pp | 2.0pp |
| Net Margin | -4.7% | 4.7% | 1.8% | -9.3pp | -6.5pp |
| EPS (Diluted) | $-0.83 | $0.84 | $0.33 | -198.8% | -351.5% |
| Free Cash Flow | $25M | $96M | $67M | -74.3% | -63.3% |
| Item | Amount |
|---|---|
| REVENUE | $979M |
| Cost of Revenue | $473M |
| GROSS PROFIT | $506M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $201M |
| SG&A Expenses | $201M |
| Other Expenses | $221M |
| Operating Expenses | $422M |
| Cost & Expenses | $895M |
| OPERATING INCOME | $84M |
| Interest Income | $1M |
| Interest Expense | $28M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $57M |
| Income Tax Expense | $102M |
| Net Income from Continuing Ops | -$46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$46M |
| D&A | $313M |
| EBIT | $85M |
| EBITDA | $399M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$46M |
| Depreciation & Amortization | $313M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $50M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$305M |
| OPERATING CASH FLOW | $37M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $2.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2.0K |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$92M |
| Common Stock Repurchased | -$371.0K |
| Common Dividends Paid | -$19M |
| Other Financing Activities | $371.0K |
| NET CASH FROM FINANCING | -$111M |
| FREE CASH FLOW | $25M |
| Net Change in Cash | -$85M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $87M |
| Short-Term Investments | $0 |
| Net Receivables | $99M |
| Inventory | $1.1B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $579M |
| Goodwill | $290M |
| Intangible Assets | $330M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $85M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $104M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $53M |
| TOTAL CURRENT LIABILITIES | $466M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $1.0B |
| Treasury Stock | -$1.8B |
| Accum. Other Comp. Income | -$3M |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | $626M |
| Minority Interest | $0 |
| TOTAL EQUITY | $626M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $1.5B |
| Net Debt | $1.4B |
