| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $377M | $288M | $1.2B | 30.7% | -68.3% |
| Op. Income | $47M | -$17M | $771M | 376.9% | -93.9% |
| Gross Margin | 15.1% | -2.2% | 65.7% | 17.3pp | -50.6pp |
| Net Margin | 3.9% | -15.9% | 29.9% | 19.8pp | -26.0pp |
| EPS (Diluted) | $0.05 | $-0.17 | $1.28 | 131.2% | -95.9% |
| Free Cash Flow | -$274M | -$41M | $281M | -562.7% | -197.7% |
| Item | Amount |
|---|---|
| REVENUE | $377M |
| Cost of Revenue | $320M |
| GROSS PROFIT | $57M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $329M |
| OPERATING INCOME | $47M |
| Interest Income | $0 |
| Interest Expense | $44M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $148M |
| EBIT | $62M |
| EBITDA | $210M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $377M |
| Cost of Revenue | $320M |
| GROSS PROFIT | $57M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $329M |
| OPERATING INCOME | $47M |
| Interest Income | $0 |
| Interest Expense | $44M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $148M |
| EBIT | $62M |
| EBITDA | $210M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $146M |
| Change in Working Capital | -$96M |
| OPERATING CASH FLOW | $71M |
| Capital Expenditure | -$345M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$351M |
| Net Debt Issuance | $325M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$35M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $290M |
| FREE CASH FLOW | -$274M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20M |
| Short-Term Investments | $0 |
| Net Receivables | $230M |
| Inventory | $51M |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $327M |
| PP&E (Net) | $5.4B |
| Goodwill | $336M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $5.7B |
| TOTAL ASSETS | $6.0B |
| Account Payables | $504M |
| Short-Term Debt | $53M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $78M |
| TOTAL CURRENT LIABILITIES | $660M |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $455M |
| Other Non-Current Liabilities | $35M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $3.7B |
| Common Stock | $139M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $885M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $6.0B |
| Total Debt | $2.7B |
| Net Debt | $2.6B |
