| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $565M | $684M | $560M | -17.3% | 0.9% |
| Op. Income | -$18M | $133M | -$31M | -113.4% | 42.1% |
| Gross Margin | 12.9% | 26.9% | 10.8% | -14.0pp | 2.1pp |
| Net Margin | -4.4% | 12.9% | -8.3% | -17.4pp | 3.9pp |
| EPS (Diluted) | $-1.44 | $4.80 | $-2.58 | -130.0% | 44.2% |
| Free Cash Flow | -$101M | -$22M | -$106M | -364.9% | 4.1% |
| Item | Amount |
|---|---|
| REVENUE | $565M |
| Cost of Revenue | $493M |
| GROSS PROFIT | $73M |
| R&D Expenses | $0 |
| Selling & Marketing | $28M |
| General & Administrative | $0 |
| SG&A Expenses | $28M |
| Other Expenses | $62M |
| Operating Expenses | $91M |
| Cost & Expenses | $583M |
| OPERATING INCOME | -$18M |
| Interest Income | $12M |
| Interest Expense | $24M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | -$25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $452.0K |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $56M |
| EBIT | -$6M |
| EBITDA | $50M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $56M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $28M |
| Change in Working Capital | -$36M |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | -$124M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$72M |
| Sales/Maturities of Investments | $250M |
| Other Investing Activities | -$74M |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | $129M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$11M |
| Other Financing Activities | $18M |
| NET CASH FROM FINANCING | $135M |
| FREE CASH FLOW | -$101M |
| Net Change in Cash | $138M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $284M |
| Short-Term Investments | $651M |
| Net Receivables | $44M |
| Inventory | $38M |
| Other Current Assets | $126M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $3.4B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $72M |
| Tax Assets | $0 |
| Other Non-Current Assets | $263M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $4.9B |
| Account Payables | $55M |
| Short-Term Debt | $266M |
| Deferred Revenue | $435M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $33M |
| Deferred Tax Liabilities | $367M |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $3.6B |
| Common Stock | $26.0K |
| Additional Paid-In Capital | $734M |
| Retained Earnings | $1.3B |
| Treasury Stock | -$673M |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $4.9B |
| Total Debt | $2.4B |
| Net Debt | $2.1B |
