| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18.1B | $19.8B | $16.0B | -8.3% | 13.5% |
| Op. Income | -$831M | -$141M | -$2.8B | -489.4% | 70.1% |
| Gross Margin | 6.5% | 9.8% | -5.2% | -3.3pp | 11.7pp |
| Net Margin | -9.0% | -0.8% | -20.5% | -8.3pp | 11.5pp |
| EPS (Diluted) | $-2.69 | $-0.25 | $-5.55 | -976.0% | 51.5% |
| Free Cash Flow | -$310M | $2.6B | $2.9B | -112.0% | -110.7% |
| Item | Amount |
|---|---|
| REVENUE | $18.1B |
| Cost of Revenue | $16.9B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $958M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.0B |
| Other Expenses | $0 |
| Operating Expenses | $2.0B |
| Cost & Expenses | $18.9B |
| OPERATING INCOME | -$831M |
| Interest Income | $0 |
| Interest Expense | $589M |
| Other Income/Expenses | -$269M |
| INCOME BEFORE TAX | -$1.1B |
| Income Tax Expense | $538M |
| Net Income from Continuing Ops | -$1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.6B |
| D&A | $467M |
| EBIT | -$511M |
| EBITDA | -$44M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$1.6B |
| Depreciation & Amortization | $467M |
| Stock-Based Compensation | $167M |
| Deferred Income Tax | $150.0K |
| Other Non-Cash Items | $287M |
| Change in Working Capital | $739M |
| OPERATING CASH FLOW | $22M |
| Capital Expenditure | -$332M |
| Acquisitions (Net) | -$13M |
| Purchases of Investments | -$5.0B |
| Sales/Maturities of Investments | $4.9B |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$403M |
| Net Debt Issuance | -$41M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$38M |
| FREE CASH FLOW | -$310M |
| Net Change in Cash | -$443M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.8B |
| Short-Term Investments | $6.6B |
| Net Receivables | $12.3B |
| Inventory | $79.0B |
| Other Current Assets | $2.3B |
| TOTAL CURRENT ASSETS | $106.9B |
| PP&E (Net) | $10.5B |
| Goodwill | $8.1B |
| Intangible Assets | $2.1B |
| Long-Term Investments | $1.1B |
| Tax Assets | $64M |
| Other Non-Current Assets | $5.5B |
| TOTAL NON-CURRENT ASSETS | $27.3B |
| TOTAL ASSETS | $134.3B |
| Account Payables | $11.1B |
| Short-Term Debt | $4.9B |
| Deferred Revenue | $55.9B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $93.1B |
| Long-Term Debt | $47.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $218M |
| Other Non-Current Liabilities | $10.3B |
| TOTAL NON-CURRENT LIABILITIES | $57.9B |
| TOTAL LIABILITIES | $151.0B |
| Common Stock | $5.1B |
| Additional Paid-In Capital | $10.6B |
| Retained Earnings | $27.3B |
| Treasury Stock | -$50.0B |
| Accum. Other Comp. Income | -$9.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$16.7B |
| Minority Interest | $12M |
| TOTAL EQUITY | -$16.7B |
| TOTAL LIABILITIES & EQUITY | $134.3B |
| Total Debt | $52.3B |
| Net Debt | $45.5B |
