| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.4B | $1.5B | -13.6% | -17.3% |
| Op. Income | $194M | $225M | -$145M | -13.8% | 233.8% |
| Gross Margin | 47.9% | 47.5% | 45.9% | 0.4pp | 1.9pp |
| Net Margin | 11.9% | 10.7% | -6.7% | 1.2pp | 18.5pp |
| EPS (Diluted) | $2.78 | $2.90 | $-1.88 | -4.1% | 247.9% |
| Free Cash Flow | -$52M | -$92M | $83M | 43.5% | -162.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $633M |
| GROSS PROFIT | $581M |
| R&D Expenses | $130M |
| Selling & Marketing | $146M |
| General & Administrative | $69M |
| SG&A Expenses | $215M |
| Other Expenses | $42M |
| Operating Expenses | $387M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $194M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$23M |
| INCOME BEFORE TAX | $171M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $144M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $144M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $144M |
| D&A | $44M |
| EBIT | $187M |
| EBITDA | $231M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $633M |
| GROSS PROFIT | $581M |
| R&D Expenses | $130M |
| Selling & Marketing | $146M |
| General & Administrative | $69M |
| SG&A Expenses | $215M |
| Other Expenses | $42M |
| Operating Expenses | $387M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $194M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$23M |
| INCOME BEFORE TAX | $171M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $144M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $144M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $144M |
| D&A | $44M |
| EBIT | $187M |
| EBITDA | $231M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $144M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | -$12M |
| Change in Working Capital | -$203M |
| OPERATING CASH FLOW | -$34M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | $113M |
| Common Stock Repurchased | -$37M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$49M |
| NET CASH FROM FINANCING | $27M |
| FREE CASH FLOW | -$52M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $68M |
| Short-Term Investments | $0 |
| Net Receivables | $683M |
| Inventory | $864M |
| Other Current Assets | $138M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $474M |
| Goodwill | $3.9B |
| Intangible Assets | $578M |
| Long-Term Investments | $181M |
| Tax Assets | $441M |
| Other Non-Current Assets | $134M |
| TOTAL NON-CURRENT ASSETS | $5.7B |
| TOTAL ASSETS | $7.5B |
| Account Payables | $562M |
| Short-Term Debt | $166M |
| Deferred Revenue | $443M |
| Other Current Liabilities | $427M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $331M |
| Deferred Tax Liabilities | $75M |
| Other Non-Current Liabilities | $89M |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $4.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $580M |
| Retained Earnings | $4.3B |
| Treasury Stock | -$1.9B |
| Accum. Other Comp. Income | -$60M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $7.5B |
| Total Debt | $2.4B |
| Net Debt | $2.3B |
