| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.7B | $2.7B | $3.8B | -0.6% | -27.9% |
| Op. Income | -$6M | $95M | $786M | -106.3% | -100.8% |
| Gross Margin | 1.9% | 5.8% | 22.4% | -3.9pp | -20.5pp |
| Net Margin | -3.8% | -8.4% | 14.6% | 4.7pp | -18.3pp |
| EPS (Diluted) | $-0.57 | $-1.30 | $2.95 | 56.2% | -119.3% |
| Free Cash Flow | -$128M | -$246M | $429M | 48.0% | -129.8% |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $52M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $58M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | -$93M |
| INCOME BEFORE TAX | -$99M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | -$121M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$102M |
| D&A | $153M |
| EBIT | -$72M |
| EBITDA | $81M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$121M |
| Depreciation & Amortization | $153M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $84M |
| Change in Working Capital | -$128M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$115M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$16M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $11M |
| NET CASH FROM INVESTING | -$120M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$18M |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | -$24M |
| FREE CASH FLOW | -$128M |
| Net Change in Cash | -$154M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $990M |
| Short-Term Investments | $0 |
| Net Receivables | $806M |
| Inventory | $2.4B |
| Other Current Assets | $474M |
| TOTAL CURRENT ASSETS | $4.7B |
| PP&E (Net) | $6.4B |
| Goodwill | $146M |
| Intangible Assets | $39M |
| Long-Term Investments | $1.0B |
| Tax Assets | $320M |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $9.5B |
| TOTAL ASSETS | $14.1B |
| Account Payables | $1.5B |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.0B |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.3B |
| TOTAL NON-CURRENT LIABILITIES | $5.1B |
| TOTAL LIABILITIES | $7.7B |
| Common Stock | $2M |
| Additional Paid-In Capital | $9.2B |
| Retained Earnings | -$939M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.8B |
| Minority Interest | $1.6B |
| TOTAL EQUITY | $6.5B |
| TOTAL LIABILITIES & EQUITY | $14.1B |
| Total Debt | $1.8B |
| Net Debt | $819M |
