| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $3.1B | $2.9B | 0.2% | 6.2% |
| Op. Income | $246M | $210M | $119M | 17.1% | 106.7% |
| Gross Margin | 40.9% | 39.8% | 39.3% | 1.1pp | 1.6pp |
| Net Margin | -1.2% | -1.6% | -11.1% | 0.4pp | 9.9pp |
| EPS (Diluted) | $-0.29 | $-0.39 | $-2.53 | 25.6% | 88.5% |
| Free Cash Flow | -$19M | -$117M | -$41M | 83.8% | 53.7% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $80M |
| Other Expenses | $947M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $246M |
| Interest Income | $0 |
| Interest Expense | $207M |
| Other Income/Expenses | -$206M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$38M |
| D&A | $123M |
| EBIT | $233M |
| EBITDA | $356M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$38M |
| Depreciation & Amortization | $124M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $22M |
| Other Non-Cash Items | $76M |
| Change in Working Capital | -$98M |
| OPERATING CASH FLOW | $86M |
| Capital Expenditure | -$105M |
| Acquisitions (Net) | $32M |
| Purchases of Investments | -$88M |
| Sales/Maturities of Investments | $76M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$85M |
| Net Debt Issuance | $12M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$39M |
| NET CASH FROM FINANCING | -$27M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | -$26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $118M |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $333M |
| Other Current Assets | $215M |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $5.9B |
| Goodwill | $4.1B |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $49M |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $11.5B |
| TOTAL ASSETS | $14.6B |
| Account Payables | $736M |
| Short-Term Debt | $164M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $616M |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $11.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $362M |
| Other Non-Current Liabilities | $722M |
| TOTAL NON-CURRENT LIABILITIES | $13.4B |
| TOTAL LIABILITIES | $15.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$3.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.5B |
| Minority Interest | $669M |
| TOTAL EQUITY | -$820M |
| TOTAL LIABILITIES & EQUITY | $14.6B |
| Total Debt | $12.5B |
| Net Debt | $12.4B |
