| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19.8B | $17.9B | — | 10.2% | — |
| Op. Income | -$141M | -$128M | — | -10.2% | — |
| Gross Margin | 9.8% | 10.6% | — | -0.9pp | — |
| Net Margin | -0.8% | -2.3% | — | 1.6pp | — |
| EPS (Diluted) | $-0.25 | $-0.69 | — | 63.8% | — |
| Free Cash Flow | $2.6B | -$786M | — | 428.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $19.8B |
| Cost of Revenue | $17.8B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $797M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $19.9B |
| OPERATING INCOME | -$141M |
| Interest Income | $0 |
| Interest Expense | $621M |
| Other Income/Expenses | -$259M |
| INCOME BEFORE TAX | -$400M |
| Income Tax Expense | -$251M |
| Net Income from Continuing Ops | -$149M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$149M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$149M |
| D&A | $456M |
| EBIT | $221M |
| EBITDA | $677M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$149M |
| Depreciation & Amortization | $456M |
| Stock-Based Compensation | $159M |
| Deferred Income Tax | $150.0K |
| Other Non-Cash Items | $306M |
| Change in Working Capital | $2.1B |
| OPERATING CASH FLOW | $2.9B |
| Capital Expenditure | -$296M |
| Acquisitions (Net) | $8M |
| Purchases of Investments | -$5.9B |
| Sales/Maturities of Investments | $3.4B |
| Other Investing Activities | -$156M |
| NET CASH FROM INVESTING | -$3.0B |
| Net Debt Issuance | -$3.4B |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$3.4B |
| FREE CASH FLOW | $2.6B |
| Net Change in Cash | -$3.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.3B |
| Short-Term Investments | $6.5B |
| Net Receivables | $12.4B |
| Inventory | $78.3B |
| Other Current Assets | $2.9B |
| TOTAL CURRENT ASSETS | $107.4B |
| PP&E (Net) | $10.5B |
| Goodwill | $8.1B |
| Intangible Assets | $2.2B |
| Long-Term Investments | $1.0B |
| Tax Assets | $66M |
| Other Non-Current Assets | $5.6B |
| TOTAL NON-CURRENT ASSETS | $27.4B |
| TOTAL ASSETS | $134.8B |
| Account Payables | $10.9B |
| Short-Term Debt | $4.6B |
| Deferred Revenue | $55.3B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $92.1B |
| Long-Term Debt | $47.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $95M |
| Other Non-Current Liabilities | $10.4B |
| TOTAL NON-CURRENT LIABILITIES | $58.2B |
| TOTAL LIABILITIES | $150.3B |
| Common Stock | $5.1B |
| Additional Paid-In Capital | $10.3B |
| Retained Earnings | $28.9B |
| Treasury Stock | -$50.2B |
| Accum. Other Comp. Income | -$9.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$15.5B |
| Minority Interest | $24M |
| TOTAL EQUITY | -$15.5B |
| TOTAL LIABILITIES & EQUITY | $134.8B |
| Total Debt | $52.3B |
| Net Debt | $45.0B |
