| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $900M | — | $314M | — | 186.4% |
| Op. Income | -$1.1B | — | -$307M | — | -267.1% |
| Gross Margin | 80.8% | — | 64.9% | — | 16.0pp |
| Net Margin | -104.2% | — | -26.7% | — | -77.5pp |
| EPS (Diluted) | $-22.07 | — | $-2.28 | — | -868.0% |
| Free Cash Flow | $109M | — | -$37M | — | 393.9% |
| Item | Amount |
|---|---|
| REVENUE | $900M |
| Cost of Revenue | $172M |
| GROSS PROFIT | $727M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $48M |
| SG&A Expenses | $48M |
| Other Expenses | $0 |
| Operating Expenses | $1.9B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | -$1.1B |
| Interest Income | $0 |
| Interest Expense | $38M |
| Other Income/Expenses | -$102M |
| INCOME BEFORE TAX | -$1.2B |
| Income Tax Expense | -$295M |
| Net Income from Continuing Ops | -$935M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$937M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$937M |
| D&A | $132M |
| EBIT | -$1.1B |
| EBITDA | -$995M |
| EPS | -$22 |
| EPS Diluted | -$22 |
| Item | Amount |
|---|---|
| Net Income | -$937M |
| Depreciation & Amortization | $132M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $71M |
| Other Non-Cash Items | $1.1B |
| Change in Working Capital | -$85M |
| OPERATING CASH FLOW | $205M |
| Capital Expenditure | -$96M |
| Acquisitions (Net) | -$32M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$122M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | -$72M |
| Other Financing Activities | $174M |
| NET CASH FROM FINANCING | $92M |
| FREE CASH FLOW | $109M |
| Net Change in Cash | $187M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $187M |
| Short-Term Investments | $0 |
| Net Receivables | $384M |
| Inventory | $8M |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $617M |
| PP&E (Net) | $2.9B |
| Goodwill | $0 |
| Intangible Assets | $15M |
| Long-Term Investments | $0 |
| Tax Assets | $481M |
| Other Non-Current Assets | $52M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $4.0B |
| Account Payables | $36M |
| Short-Term Debt | $264M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.7B |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $4.4B |
| Common Stock | $12M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$370M |
| Minority Interest | $16M |
| TOTAL EQUITY | -$354M |
| TOTAL LIABILITIES & EQUITY | $4.0B |
| Total Debt | $1.4B |
| Net Debt | $1.2B |
