| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $3.1B | $3.0B | -0.9% | 2.0% |
| Op. Income | $173M | $246M | $204M | -29.7% | -15.2% |
| Gross Margin | 40.8% | 40.9% | 39.0% | -0.1pp | 1.8pp |
| Net Margin | -2.9% | -1.2% | -1.4% | -1.7pp | -1.6pp |
| EPS (Diluted) | $-0.70 | $-0.29 | $-0.33 | -141.4% | -112.1% |
| Free Cash Flow | -$101M | -$19M | $44M | -431.6% | -329.5% |
| 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 | $79M |
| Other Expenses | $1.0B |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $173M |
| Interest Income | $0 |
| Interest Expense | $208M |
| Other Income/Expenses | -$206M |
| INCOME BEFORE TAX | -$33M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | -$52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$91M |
| D&A | $129M |
| EBIT | $199M |
| EBITDA | $328M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$91M |
| Depreciation & Amortization | $128M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $116M |
| Change in Working Capital | -$117M |
| OPERATING CASH FLOW | $29M |
| Capital Expenditure | -$130M |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | -$50M |
| Sales/Maturities of Investments | $84M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$100M |
| Net Debt Issuance | $69M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$25M |
| NET CASH FROM FINANCING | $44M |
| FREE CASH FLOW | -$101M |
| Net Change in Cash | -$27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $91M |
| Short-Term Investments | $0 |
| Net Receivables | $2.3B |
| Inventory | $325M |
| Other Current Assets | $204M |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $5.8B |
| Goodwill | $3.9B |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $49M |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $11.4B |
| TOTAL ASSETS | $14.7B |
| Account Payables | $837M |
| Short-Term Debt | $143M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $656M |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $11.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $344M |
| Other Non-Current Liabilities | $694M |
| TOTAL NON-CURRENT LIABILITIES | $13.4B |
| TOTAL LIABILITIES | $15.6B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.5B |
| Minority Interest | $570M |
| TOTAL EQUITY | -$893M |
| TOTAL LIABILITIES & EQUITY | $14.7B |
| Total Debt | $12.5B |
| Net Debt | $12.4B |
