| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.8B | $2.2B | $2.7B | 29.2% | 6.8% |
| Op. Income | $337M | -$186M | $187M | 281.2% | 80.2% |
| Gross Margin | 33.1% | 12.8% | 29.4% | 20.3pp | 3.7pp |
| Net Margin | 8.5% | -6.5% | 5.2% | 14.9pp | 3.2pp |
| EPS (Diluted) | $1.86 | $-1.11 | $1.09 | 267.6% | 70.6% |
| Free Cash Flow | $100M | $98M | $604M | 2.0% | -83.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $940M |
| R&D Expenses | $0 |
| Selling & Marketing | $81M |
| General & Administrative | $0 |
| SG&A Expenses | $81M |
| Other Expenses | $522M |
| Operating Expenses | $603M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $337M |
| Interest Income | $22M |
| Interest Expense | $21M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $325M |
| Income Tax Expense | $85M |
| Net Income from Continuing Ops | $240M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $240M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $240M |
| D&A | $113M |
| EBIT | $520M |
| EBITDA | $633M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $940M |
| R&D Expenses | $0 |
| Selling & Marketing | $81M |
| General & Administrative | $0 |
| SG&A Expenses | $81M |
| Other Expenses | $522M |
| Operating Expenses | $603M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $337M |
| Interest Income | $22M |
| Interest Expense | $21M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $325M |
| Income Tax Expense | $85M |
| Net Income from Continuing Ops | $240M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $240M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $240M |
| D&A | $113M |
| EBIT | $520M |
| EBITDA | $633M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $240M |
| Depreciation & Amortization | $113M |
| Stock-Based Compensation | $33M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $174M |
| Change in Working Capital | $50M |
| OPERATING CASH FLOW | $610M |
| Capital Expenditure | -$510M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | -$188M |
| Sales/Maturities of Investments | $186M |
| Other Investing Activities | -$27M |
| NET CASH FROM INVESTING | -$539M |
| Net Debt Issuance | -$53M |
| Common Stock Repurchased | -$39M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $41M |
| NET CASH FROM FINANCING | -$51M |
| FREE CASH FLOW | $100M |
| Net Change in Cash | $20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $536M |
| Short-Term Investments | $1.9B |
| Net Receivables | $351M |
| Inventory | $107M |
| Other Current Assets | $157M |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $9.3B |
| Goodwill | $2.0B |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $268M |
| TOTAL NON-CURRENT ASSETS | $11.6B |
| TOTAL ASSETS | $14.8B |
| Account Payables | $212M |
| Short-Term Debt | $849M |
| Deferred Revenue | $2.8B |
| Other Current Liabilities | $871M |
| TOTAL CURRENT LIABILITIES | $5.2B |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $1.4B |
| Deferred Tax Liabilities | $606M |
| Other Non-Current Liabilities | $689M |
| TOTAL NON-CURRENT LIABILITIES | $5.7B |
| TOTAL LIABILITIES | $10.9B |
| Common Stock | $1M |
| Additional Paid-In Capital | $648M |
| Retained Earnings | $4.4B |
| Treasury Stock | -$731M |
| Accum. Other Comp. Income | -$365M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $14.8B |
| Total Debt | $3.9B |
| Net Debt | $3.4B |
