| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $3.1B | $3.0B | -5.7% | -2.4% |
| Op. Income | $119M | $270M | $314M | -55.9% | -62.1% |
| Gross Margin | 39.3% | 41.4% | 41.3% | -2.1pp | -2.0pp |
| Net Margin | -11.1% | -0.0% | 0.2% | -11.1pp | -11.3pp |
| EPS (Diluted) | $-2.53 | $0.23 | $0.04 | -1200.0% | -6425.0% |
| Free Cash Flow | -$41M | $4M | $72M | -1125.0% | -156.9% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $78M |
| Other Expenses | $955M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $119M |
| Interest Income | $0 |
| Interest Expense | $218M |
| Other Income/Expenses | -$217M |
| INCOME BEFORE TAX | -$98M |
| Income Tax Expense | $200M |
| Net Income from Continuing Ops | -$298M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$326M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$326M |
| D&A | $133M |
| EBIT | $111M |
| EBITDA | $244M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$326M |
| Depreciation & Amortization | $133M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $199M |
| Other Non-Cash Items | $81M |
| Change in Working Capital | -$34M |
| OPERATING CASH FLOW | $53M |
| Capital Expenditure | -$94M |
| Acquisitions (Net) | $4M |
| Purchases of Investments | -$44M |
| Sales/Maturities of Investments | $17M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$117M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$44M |
| NET CASH FROM FINANCING | -$50M |
| FREE CASH FLOW | -$41M |
| Net Change in Cash | -$114M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $346M |
| Short-Term Investments | $0 |
| Net Receivables | $2.1B |
| Inventory | $356M |
| Other Current Assets | $164M |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $6.2B |
| Goodwill | $4.2B |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $53M |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $11.7B |
| TOTAL ASSETS | $15.1B |
| Account Payables | $832M |
| Short-Term Debt | $185M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $654M |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $11.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $410M |
| Other Non-Current Liabilities | $759M |
| TOTAL NON-CURRENT LIABILITIES | $13.9B |
| TOTAL LIABILITIES | $16.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$3.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.7B |
| Minority Interest | $582M |
| TOTAL EQUITY | -$1.2B |
| TOTAL LIABILITIES & EQUITY | $15.1B |
| Total Debt | $12.9B |
| Net Debt | $12.6B |
