| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $718M | $619M | $587M | 16.1% | 22.4% |
| Op. Income | $46M | $34M | $57M | 34.7% | -19.6% |
| Gross Margin | 22.1% | 20.4% | 22.7% | 1.8pp | -0.6pp |
| Net Margin | 4.9% | 4.8% | 8.2% | 0.2pp | -3.2pp |
| EPS (Diluted) | $0.58 | $0.49 | $0.74 | 18.4% | -21.6% |
| Free Cash Flow | $15M | -$19M | -$209.0K | 179.5% | 7321.1% |
| Item | Amount |
|---|---|
| REVENUE | $718M |
| Cost of Revenue | $559M |
| GROSS PROFIT | $159M |
| R&D Expenses | $38M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $76M |
| Other Expenses | $0 |
| Operating Expenses | $114M |
| Cost & Expenses | $673M |
| OPERATING INCOME | $46M |
| Interest Income | $508.0K |
| Interest Expense | $13M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $30M |
| EBIT | $46M |
| EBITDA | $76M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $718M |
| Cost of Revenue | $559M |
| GROSS PROFIT | $159M |
| R&D Expenses | $38M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $76M |
| Other Expenses | $0 |
| Operating Expenses | $114M |
| Cost & Expenses | $673M |
| OPERATING INCOME | $46M |
| Interest Income | $508.0K |
| Interest Expense | $13M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $30M |
| EBIT | $46M |
| EBITDA | $76M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $36M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $545.0K |
| Other Non-Cash Items | $857.0K |
| Change in Working Capital | -$36M |
| OPERATING CASH FLOW | $35M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $169.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $21M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$13M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $18M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | $30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $129M |
| Short-Term Investments | $0 |
| Net Receivables | $697M |
| Inventory | $568M |
| Other Current Assets | $77M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $920M |
| Goodwill | $799M |
| Intangible Assets | $484M |
| Long-Term Investments | $47M |
| Tax Assets | $25M |
| Other Non-Current Assets | $266M |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $4.0B |
| Account Payables | $220M |
| Short-Term Debt | $206M |
| Deferred Revenue | $30M |
| Other Current Liabilities | $98M |
| TOTAL CURRENT LIABILITIES | $667M |
| Long-Term Debt | $648M |
| Deferred Revenue NC | $409M |
| Deferred Tax Liabilities | $139M |
| Other Non-Current Liabilities | $111M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $106.0K |
| Additional Paid-In Capital | $321M |
| Retained Earnings | $2.8B |
| Treasury Stock | -$1.0B |
| Accum. Other Comp. Income | -$45M |
| Other Equity | $3M |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $4.0B |
| Total Debt | $884M |
| Net Debt | $755M |
