| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.0B | $4.4B | $6.2B | 13.5% | -20.4% |
| Op. Income | $375M | $310M | $791M | 21.0% | -52.5% |
| Gross Margin | 15.3% | 15.1% | 19.6% | 0.3pp | -4.3pp |
| Net Margin | 5.7% | 5.7% | 9.3% | 0.0pp | -3.6pp |
| EPS (Diluted) | $0.13 | $0.11 | $0.25 | 13.6% | -49.9% |
| Free Cash Flow | $367M | -$36M | -$19M | 1118.3% | 2071.9% |
| Item | Amount |
|---|---|
| REVENUE | $5.0B |
| Cost of Revenue | $4.2B |
| GROSS PROFIT | $760M |
| R&D Expenses | $217M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $167M |
| Other Expenses | $0 |
| Operating Expenses | $384M |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $375M |
| Interest Income | $0 |
| Interest Expense | $39M |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | $394M |
| Income Tax Expense | $93M |
| Net Income from Continuing Ops | $301M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $282M |
| Net Income Deductions | $2M |
| BOTTOM LINE NET INCOME | $280M |
| D&A | $460M |
| EBIT | $426M |
| EBITDA | $885M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $5.0B |
| Cost of Revenue | $4.2B |
| GROSS PROFIT | $760M |
| R&D Expenses | $217M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $167M |
| Other Expenses | $0 |
| Operating Expenses | $384M |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $375M |
| Interest Income | $0 |
| Interest Expense | $39M |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | $394M |
| Income Tax Expense | $93M |
| Net Income from Continuing Ops | $301M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $282M |
| Net Income Deductions | $2M |
| BOTTOM LINE NET INCOME | $280M |
| D&A | $460M |
| EBIT | $426M |
| EBITDA | $885M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $282M |
| Depreciation & Amortization | $460M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $444M |
| Change in Working Capital | -$363M |
| OPERATING CASH FLOW | $823M |
| Capital Expenditure | -$456M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | -$245.5K |
| Other Investing Activities | $18M |
| NET CASH FROM INVESTING | -$439M |
| Net Debt Issuance | $953M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.3B |
| Other Financing Activities | -$39M |
| NET CASH FROM FINANCING | -$328M |
| FREE CASH FLOW | $367M |
| Net Change in Cash | $41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $287M |
| Net Receivables | $3.6B |
| Inventory | $2.4B |
| Other Current Assets | $943M |
| TOTAL CURRENT ASSETS | $9.3B |
| PP&E (Net) | $8.8B |
| Goodwill | $0 |
| Intangible Assets | $2.2B |
| Long-Term Investments | $899M |
| Tax Assets | $0 |
| Other Non-Current Assets | $994M |
| TOTAL NON-CURRENT ASSETS | $12.9B |
| TOTAL ASSETS | $22.2B |
| Account Payables | $2.5B |
| Short-Term Debt | $3.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.2B |
| TOTAL CURRENT LIABILITIES | $7.6B |
| Long-Term Debt | $3.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $824M |
| TOTAL NON-CURRENT LIABILITIES | $4.6B |
| TOTAL LIABILITIES | $12.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $9.4B |
| TOTAL STOCKHOLDERS' EQUITY | $9.4B |
| Minority Interest | $634M |
| TOTAL EQUITY | $10.0B |
| TOTAL LIABILITIES & EQUITY | $22.2B |
| Total Debt | $6.7B |
| Net Debt | $4.7B |
