| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.2B | $2.7B | 13.0% | -49.4% |
| Op. Income | $413M | $291M | $1.7B | 41.9% | -75.3% |
| Gross Margin | 36.4% | 28.9% | 66.1% | 7.5pp | -29.7pp |
| Net Margin | 23.9% | 17.5% | 44.7% | 6.4pp | -20.8pp |
| EPS (Diluted) | $0.42 | $0.27 | $1.50 | 55.6% | -72.0% |
| Free Cash Flow | $210M | $49M | $1.3B | 328.6% | -84.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $860M |
| GROSS PROFIT | $493M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $80M |
| Other Expenses | $0 |
| Operating Expenses | $80M |
| Cost & Expenses | $940M |
| OPERATING INCOME | $413M |
| Interest Income | $10M |
| Interest Expense | $17M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $417M |
| Income Tax Expense | $94M |
| Net Income from Continuing Ops | $323M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $323M |
| Net Income Deductions | $1M |
| BOTTOM LINE NET INCOME | $322M |
| D&A | $421M |
| EBIT | $434M |
| EBITDA | $855M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $860M |
| GROSS PROFIT | $493M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $80M |
| Other Expenses | $0 |
| Operating Expenses | $80M |
| Cost & Expenses | $940M |
| OPERATING INCOME | $413M |
| Interest Income | $10M |
| Interest Expense | $17M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $417M |
| Income Tax Expense | $94M |
| Net Income from Continuing Ops | $323M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $323M |
| Net Income Deductions | $1M |
| BOTTOM LINE NET INCOME | $322M |
| D&A | $421M |
| EBIT | $434M |
| EBITDA | $855M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $323M |
| Depreciation & Amortization | $421M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | $60M |
| Change in Working Capital | -$38M |
| OPERATING CASH FLOW | $758M |
| Capital Expenditure | -$548M |
| Acquisitions (Net) | $7M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$541M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$60M |
| Common Dividends Paid | -$151M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$211M |
| FREE CASH FLOW | $210M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $847M |
| Short-Term Investments | $0 |
| Net Receivables | $592M |
| Inventory | $64M |
| Other Current Assets | $210M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $18.3B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $102M |
| TOTAL NON-CURRENT ASSETS | $18.4B |
| TOTAL ASSETS | $20.1B |
| Account Payables | $68M |
| Short-Term Debt | $575M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $53M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.4B |
| Other Non-Current Liabilities | $455M |
| TOTAL NON-CURRENT LIABILITIES | $5.7B |
| TOTAL LIABILITIES | $7.3B |
| Common Stock | $75M |
| Additional Paid-In Capital | $7.6B |
| Retained Earnings | $5.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $12.8B |
| TOTAL LIABILITIES & EQUITY | $20.1B |
| Total Debt | $2.6B |
| Net Debt | $1.7B |
