| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $754M | $716M | $772M | 5.3% | -2.3% |
| Op. Income | $187M | $168M | $224M | 11.8% | -16.3% |
| Gross Margin | 38.7% | 37.8% | 41.4% | 0.9pp | -2.7pp |
| Net Margin | 20.6% | 19.6% | 24.4% | 1.0pp | -3.9pp |
| EPS (Diluted) | $2.06 | $1.85 | $2.49 | 11.4% | -17.3% |
| Free Cash Flow | $94M | $56M | $107M | 67.5% | -12.3% |
| Item | Amount |
|---|---|
| REVENUE | $754M |
| Cost of Revenue | $462M |
| GROSS PROFIT | $292M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $88M |
| Other Expenses | $0 |
| Operating Expenses | $105M |
| Cost & Expenses | $567M |
| OPERATING INCOME | $187M |
| Interest Income | $5M |
| Interest Expense | $3M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $190M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $155M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $155M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $155M |
| D&A | $34M |
| EBIT | $188M |
| EBITDA | $222M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $754M |
| Cost of Revenue | $462M |
| GROSS PROFIT | $292M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $88M |
| Other Expenses | $0 |
| Operating Expenses | $105M |
| Cost & Expenses | $567M |
| OPERATING INCOME | $187M |
| Interest Income | $5M |
| Interest Expense | $3M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $190M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $155M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $155M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $155M |
| D&A | $34M |
| EBIT | $188M |
| EBITDA | $222M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $155M |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | $169M |
| Capital Expenditure | -$75M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$82M |
| Net Debt Issuance | -$500.0K |
| Common Stock Repurchased | -$174M |
| Common Dividends Paid | -$14M |
| Other Financing Activities | $12M |
| NET CASH FROM FINANCING | -$177M |
| FREE CASH FLOW | $94M |
| Net Change in Cash | -$90M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $796M |
| Short-Term Investments | $0 |
| Net Receivables | $534M |
| Inventory | $449M |
| Other Current Assets | $94M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $1.4B |
| Goodwill | $108M |
| Intangible Assets | $17M |
| Long-Term Investments | $203M |
| Tax Assets | $67M |
| Other Non-Current Assets | $40M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $3.7B |
| Account Payables | $218M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $163M |
| TOTAL CURRENT LIABILITIES | $512M |
| Long-Term Debt | $206M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $15M |
| Other Non-Current Liabilities | $103M |
| TOTAL NON-CURRENT LIABILITIES | $411M |
| TOTAL LIABILITIES | $923M |
| Common Stock | $19M |
| Additional Paid-In Capital | $158M |
| Retained Earnings | $3.3B |
| Treasury Stock | -$501M |
| Accum. Other Comp. Income | -$184M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $311M |
| Net Debt | -$485M |
