| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.7B | $3.8B | $4.9B | -29.0% | -45.5% |
| Op. Income | $397M | $652M | $183M | -39.1% | 116.9% |
| Gross Margin | 33.9% | 30.6% | 13.4% | 3.2pp | 20.5pp |
| Net Margin | 7.5% | 11.8% | 0.8% | -4.3pp | 6.7pp |
| EPS (Diluted) | $0.97 | $2.16 | $0.19 | -55.1% | 410.5% |
| Free Cash Flow | -$104M | -$13M | -$439M | -700.0% | 76.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $909M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $507M |
| Operating Expenses | $512M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $397M |
| Interest Income | $13M |
| Interest Expense | $192M |
| Other Income/Expenses | -$162M |
| INCOME BEFORE TAX | $235M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $201M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $201M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $200M |
| D&A | $427M |
| EBIT | $427M |
| EBITDA | $854M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $909M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $507M |
| Operating Expenses | $512M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $397M |
| Interest Income | $13M |
| Interest Expense | $192M |
| Other Income/Expenses | -$162M |
| INCOME BEFORE TAX | $235M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $201M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $201M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $200M |
| D&A | $427M |
| EBIT | $427M |
| EBITDA | $854M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $201M |
| Depreciation & Amortization | $427M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $36M |
| Other Non-Cash Items | -$40M |
| Change in Working Capital | $211M |
| OPERATING CASH FLOW | $835M |
| Capital Expenditure | -$939M |
| Acquisitions (Net) | -$12M |
| Purchases of Investments | -$251M |
| Sales/Maturities of Investments | $257M |
| Other Investing Activities | -$32M |
| NET CASH FROM INVESTING | -$977M |
| Net Debt Issuance | $246M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$188M |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | $46M |
| FREE CASH FLOW | -$104M |
| Net Change in Cash | -$96M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30M |
| Short-Term Investments | $0 |
| Net Receivables | $1.5B |
| Inventory | $938M |
| Other Current Assets | $740M |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $29.8B |
| Goodwill | $2.0B |
| Intangible Assets | $161M |
| Long-Term Investments | $336M |
| Tax Assets | $88M |
| Other Non-Current Assets | $7.3B |
| TOTAL NON-CURRENT ASSETS | $39.7B |
| TOTAL ASSETS | $42.9B |
| Account Payables | $1.1B |
| Short-Term Debt | $1.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $3.6B |
| Long-Term Debt | $18.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.5B |
| Other Non-Current Liabilities | $7.7B |
| TOTAL NON-CURRENT LIABILITIES | $28.8B |
| TOTAL LIABILITIES | $32.4B |
| Common Stock | $6.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$57M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.5B |
| Minority Interest | $4M |
| TOTAL EQUITY | $10.5B |
| TOTAL LIABILITIES & EQUITY | $42.9B |
| Total Debt | $19.9B |
| Net Debt | $19.8B |
