| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $632M | $771M | $594M | -18.1% | 6.3% |
| Op. Income | $97M | $137M | $88M | -29.0% | 9.6% |
| Gross Margin | 19.5% | 20.0% | 18.3% | -0.6pp | 1.2pp |
| Net Margin | -40.6% | 35.0% | -5.6% | -75.6pp | -35.0pp |
| EPS (Diluted) | $-0.37 | $0.39 | $-0.05 | -194.9% | -653.6% |
| Free Cash Flow | $16M | -$137M | -$122M | 111.5% | 113.0% |
| Item | Amount |
|---|---|
| REVENUE | $632M |
| Cost of Revenue | $509M |
| GROSS PROFIT | $123M |
| R&D Expenses | $0 |
| Selling & Marketing | $339.2K |
| General & Administrative | $26M |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $535M |
| OPERATING INCOME | $97M |
| Interest Income | $10M |
| Interest Expense | $95M |
| Other Income/Expenses | -$410M |
| INCOME BEFORE TAX | -$313M |
| Income Tax Expense | -$57M |
| Net Income from Continuing Ops | -$257M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$257M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$257M |
| D&A | $120M |
| EBIT | -$227M |
| EBITDA | -$107M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$257M |
| Depreciation & Amortization | $120M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$63M |
| Other Non-Cash Items | $516M |
| Change in Working Capital | $114M |
| OPERATING CASH FLOW | $265M |
| Capital Expenditure | -$249M |
| Acquisitions (Net) | $101M |
| Purchases of Investments | -$42M |
| Sales/Maturities of Investments | $12M |
| Other Investing Activities | -$30M |
| NET CASH FROM INVESTING | -$179M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$79M |
| Other Financing Activities | $16M |
| NET CASH FROM FINANCING | -$62M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | $39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $100M |
| Short-Term Investments | $0 |
| Net Receivables | $492M |
| Inventory | $227M |
| Other Current Assets | $228M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $12.3B |
| Goodwill | $1.3B |
| Intangible Assets | $97M |
| Long-Term Investments | $1.8B |
| Tax Assets | $131M |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $16.9B |
| TOTAL ASSETS | $17.9B |
| Account Payables | $195M |
| Short-Term Debt | $513M |
| Deferred Revenue | $75M |
| Other Current Liabilities | $686M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $7.6B |
| Deferred Revenue NC | $21M |
| Deferred Tax Liabilities | $579M |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $9.3B |
| TOTAL LIABILITIES | $10.8B |
| Common Stock | $6.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$92M |
| Other Equity | $4M |
| TOTAL STOCKHOLDERS' EQUITY | $5.2B |
| Minority Interest | $2.0B |
| TOTAL EQUITY | $7.1B |
| TOTAL LIABILITIES & EQUITY | $17.9B |
| Total Debt | $8.1B |
| Net Debt | $8.0B |
