| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.7B | $2.3B | 16.6% | -14.4% |
| Op. Income | $406M | $271M | $271M | 49.8% | 49.8% |
| Gross Margin | 42.7% | 37.3% | 29.5% | 5.4pp | 13.3pp |
| Net Margin | 15.8% | 10.5% | 7.5% | 5.3pp | 8.3pp |
| EPS (Diluted) | $1.04 | $0.60 | $0.58 | 73.3% | 79.3% |
| Free Cash Flow | -$203M | -$415M | -$448M | 51.1% | 54.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $833M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $427M |
| Operating Expenses | $427M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $406M |
| Interest Income | $0 |
| Interest Expense | $172M |
| Other Income/Expenses | -$89M |
| INCOME BEFORE TAX | $317M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $251M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $309M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $306M |
| D&A | $310M |
| EBIT | $489M |
| EBITDA | $799M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $833M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $427M |
| Operating Expenses | $427M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $406M |
| Interest Income | $0 |
| Interest Expense | $172M |
| Other Income/Expenses | -$89M |
| INCOME BEFORE TAX | $317M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $251M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $309M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $306M |
| D&A | $310M |
| EBIT | $489M |
| EBITDA | $799M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $309M |
| Depreciation & Amortization | $310M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $61M |
| Other Non-Cash Items | -$139M |
| Change in Working Capital | -$136M |
| OPERATING CASH FLOW | $405M |
| Capital Expenditure | -$608M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$41M |
| NET CASH FROM INVESTING | -$649M |
| Net Debt Issuance | $206M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$144M |
| Other Financing Activities | $64M |
| NET CASH FROM FINANCING | $308M |
| FREE CASH FLOW | -$203M |
| Net Change in Cash | $64M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $227M |
| Short-Term Investments | $0 |
| Net Receivables | $944M |
| Inventory | $938M |
| Other Current Assets | $224M |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $25.1B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $76M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.5B |
| TOTAL NON-CURRENT ASSETS | $30.7B |
| TOTAL ASSETS | $33.5B |
| Account Payables | $809M |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $255M |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $14.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.7B |
| Other Non-Current Liabilities | $5.2B |
| TOTAL NON-CURRENT LIABILITIES | $22.5B |
| TOTAL LIABILITIES | $25.4B |
| Common Stock | $3M |
| Additional Paid-In Capital | $5.7B |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$46M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.5B |
| Minority Interest | $581M |
| TOTAL EQUITY | $8.1B |
| TOTAL LIABILITIES & EQUITY | $33.5B |
| Total Debt | $15.7B |
| Net Debt | $15.4B |
