| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $358M | $338M | $499M | 6.2% | -28.1% |
| Op. Income | $66M | $59M | $247M | 12.8% | -73.2% |
| Gross Margin | 25.0% | 22.1% | 51.7% | 3.0pp | -26.7pp |
| Net Margin | 43.5% | 11.1% | 26.5% | 32.4pp | 17.0pp |
| EPS (Diluted) | $0.26 | $0.07 | $0.23 | 283.4% | 12.5% |
| Free Cash Flow | $15M | -$36M | $192M | 142.4% | -92.0% |
| Item | Amount |
|---|---|
| REVENUE | $358M |
| Cost of Revenue | $269M |
| GROSS PROFIT | $90M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $23M |
| Other Expenses | $0 |
| Operating Expenses | $23M |
| Cost & Expenses | $292M |
| OPERATING INCOME | $66M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$40M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | -$129M |
| Net Income from Continuing Ops | $156M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $156M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $156M |
| D&A | $132M |
| EBIT | $66M |
| EBITDA | $198M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $358M |
| Cost of Revenue | $269M |
| GROSS PROFIT | $90M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $23M |
| Other Expenses | $0 |
| Operating Expenses | $23M |
| Cost & Expenses | $292M |
| OPERATING INCOME | $66M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$40M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | -$129M |
| Net Income from Continuing Ops | $156M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $156M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $156M |
| D&A | $132M |
| EBIT | $66M |
| EBITDA | $198M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $156M |
| Depreciation & Amortization | $132M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$130M |
| Other Non-Cash Items | $890.8K |
| Change in Working Capital | -$30M |
| OPERATING CASH FLOW | $141M |
| Capital Expenditure | -$125M |
| Acquisitions (Net) | -$484M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $11M |
| NET CASH FROM INVESTING | -$598M |
| Net Debt Issuance | $497M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$29M |
| NET CASH FROM FINANCING | $467M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $0 |
| Net Receivables | $270M |
| Inventory | $0 |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $305M |
| PP&E (Net) | $5.8B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $172M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $6.0B |
| TOTAL ASSETS | $6.3B |
| Account Payables | $449M |
| Short-Term Debt | $0 |
| Deferred Revenue | $9M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $479M |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $130M |
| Other Non-Current Liabilities | $470M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $5.0B |
| Additional Paid-In Capital | $66M |
| Retained Earnings | -$2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $518M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $6.3B |
| Total Debt | $1.9B |
| Net Debt | $1.9B |
