| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.0B | — | $6.3B | — | -5.6% |
| Op. Income | $483M | — | $840M | — | -42.5% |
| Gross Margin | 10.8% | — | 15.5% | — | -4.7pp |
| Net Margin | 5.8% | — | 9.4% | — | -3.6pp |
| EPS (Diluted) | $0.68 | — | $1.13 | — | -39.8% |
| Free Cash Flow | $756M | — | $633M | — | 19.4% |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $5.3B |
| GROSS PROFIT | $644M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $149M |
| Other Expenses | $12M |
| Operating Expenses | $161M |
| Cost & Expenses | $5.5B |
| OPERATING INCOME | $483M |
| Interest Income | $0 |
| Interest Expense | $79M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | $458M |
| Income Tax Expense | $102M |
| Net Income from Continuing Ops | $356M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $347M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $347M |
| D&A | $247M |
| EBIT | $537M |
| EBITDA | $784M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $5.3B |
| GROSS PROFIT | $644M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $149M |
| Other Expenses | $12M |
| Operating Expenses | $161M |
| Cost & Expenses | $5.5B |
| OPERATING INCOME | $483M |
| Interest Income | $0 |
| Interest Expense | $79M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | $458M |
| Income Tax Expense | $102M |
| Net Income from Continuing Ops | $356M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $347M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $347M |
| D&A | $247M |
| EBIT | $537M |
| EBITDA | $784M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $347M |
| Depreciation & Amortization | $247M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $20M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $268M |
| OPERATING CASH FLOW | $887M |
| Capital Expenditure | -$131M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$125M |
| Net Debt Issuance | -$622M |
| Common Stock Repurchased | -$94M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$71M |
| NET CASH FROM FINANCING | -$787M |
| FREE CASH FLOW | $756M |
| Net Change in Cash | -$25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $0 |
| Net Receivables | $2.3B |
| Inventory | $4.7B |
| Other Current Assets | $114M |
| TOTAL CURRENT ASSETS | $7.2B |
| PP&E (Net) | $8.9B |
| Goodwill | $1.1B |
| Intangible Assets | $207M |
| Long-Term Investments | $138M |
| Tax Assets | $0 |
| Other Non-Current Assets | $785M |
| TOTAL NON-CURRENT ASSETS | $11.1B |
| TOTAL ASSETS | $18.3B |
| Account Payables | $2.1B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $837M |
| TOTAL CURRENT LIABILITIES | $3.4B |
| Long-Term Debt | $4.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $545M |
| Other Non-Current Liabilities | $2.3B |
| TOTAL NON-CURRENT LIABILITIES | $6.9B |
| TOTAL LIABILITIES | $10.3B |
| Common Stock | $66M |
| Additional Paid-In Capital | $4.8B |
| Retained Earnings | $1.6B |
| Treasury Stock | -$372M |
| Accum. Other Comp. Income | $1.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.8B |
| Minority Interest | $242M |
| TOTAL EQUITY | $8.0B |
| TOTAL LIABILITIES & EQUITY | $18.3B |
| Total Debt | $4.0B |
| Net Debt | $3.9B |
