| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.8B | $4.5B | $4.6B | -15.6% | -17.4% |
| Op. Income | $652M | $462M | $558M | 41.1% | 16.8% |
| Gross Margin | 30.6% | 21.1% | 22.7% | 9.6pp | 7.9pp |
| Net Margin | 11.8% | 5.9% | 8.6% | 5.9pp | 3.2pp |
| EPS (Diluted) | $2.16 | $1.35 | $2.03 | 60.0% | 6.4% |
| Free Cash Flow | -$13M | -$416M | $44M | 96.9% | -129.5% |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $503M |
| Operating Expenses | $506M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $652M |
| Interest Income | $17M |
| Interest Expense | $191M |
| Other Income/Expenses | -$157M |
| INCOME BEFORE TAX | $495M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $445M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $445M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $444M |
| D&A | $385M |
| EBIT | $686M |
| EBITDA | $1.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $503M |
| Operating Expenses | $506M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $652M |
| Interest Income | $17M |
| Interest Expense | $191M |
| Other Income/Expenses | -$157M |
| INCOME BEFORE TAX | $495M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $445M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $445M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $444M |
| D&A | $385M |
| EBIT | $686M |
| EBITDA | $1.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $445M |
| Depreciation & Amortization | $385M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $52M |
| Other Non-Cash Items | -$19M |
| Change in Working Capital | $61M |
| OPERATING CASH FLOW | $924M |
| Capital Expenditure | -$937M |
| Acquisitions (Net) | -$10M |
| Purchases of Investments | -$168M |
| Sales/Maturities of Investments | $166M |
| Other Investing Activities | -$32M |
| NET CASH FROM INVESTING | -$981M |
| Net Debt Issuance | $354M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$188M |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | $151M |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | $94M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $115M |
| Short-Term Investments | $0 |
| Net Receivables | $1.7B |
| Inventory | $806M |
| Other Current Assets | $923M |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $29.3B |
| Goodwill | $2.0B |
| Intangible Assets | $164M |
| Long-Term Investments | $329M |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.2B |
| TOTAL NON-CURRENT ASSETS | $39.0B |
| TOTAL ASSETS | $42.5B |
| Account Payables | $1.1B |
| Short-Term Debt | $1.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $716M |
| TOTAL CURRENT LIABILITIES | $4.0B |
| Long-Term Debt | $17.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.5B |
| Other Non-Current Liabilities | $7.6B |
| TOTAL NON-CURRENT LIABILITIES | $27.8B |
| TOTAL LIABILITIES | $31.9B |
| Common Stock | $6.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $4.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$65M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.6B |
| Minority Interest | $4M |
| TOTAL EQUITY | $10.6B |
| TOTAL LIABILITIES & EQUITY | $42.5B |
| Total Debt | $19.6B |
| Net Debt | $19.5B |
