| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.7B | — | 2.3% | — |
| Op. Income | $96M | $101M | — | -5.0% | — |
| Gross Margin | 34.0% | 32.7% | — | 1.4pp | — |
| Net Margin | -3.5% | 4.1% | — | -7.6pp | — |
| EPS (Diluted) | $-0.41 | $0.42 | — | -197.6% | — |
| Free Cash Flow | $88M | $70M | — | 25.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $597M |
| R&D Expenses | $57M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $444M |
| Other Expenses | $0 |
| Operating Expenses | $501M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $96M |
| Interest Income | $4M |
| Interest Expense | $12M |
| Other Income/Expenses | -$185M |
| INCOME BEFORE TAX | -$89M |
| Income Tax Expense | -$28M |
| Net Income from Continuing Ops | -$61M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$61M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$64M |
| D&A | $53M |
| EBIT | $86M |
| EBITDA | $139M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$61M |
| Depreciation & Amortization | $62M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $134M |
| Change in Working Capital | -$54M |
| OPERATING CASH FLOW | $95M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$174M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$43M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$220M |
| FREE CASH FLOW | $88M |
| Net Change in Cash | -$128M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $526M |
| Short-Term Investments | $0 |
| Net Receivables | $1.9B |
| Inventory | $782M |
| Other Current Assets | $169M |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $728M |
| Goodwill | $2.8B |
| Intangible Assets | $194M |
| Long-Term Investments | $1.7B |
| Tax Assets | $620M |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $7.2B |
| TOTAL ASSETS | $10.6B |
| Account Payables | $1.0B |
| Short-Term Debt | $946M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $711M |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $4.0B |
| TOTAL LIABILITIES | $7.0B |
| Common Stock | $157M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $5.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $18M |
| TOTAL EQUITY | $3.6B |
| TOTAL LIABILITIES & EQUITY | $10.6B |
| Total Debt | $3.3B |
| Net Debt | $2.8B |
