| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $2.7B | $5.3B | 7.6% | -45.0% |
| Op. Income | $538M | $397M | $545M | 35.5% | -1.3% |
| Gross Margin | 36.1% | 33.9% | 19.5% | 2.3pp | 16.6pp |
| Net Margin | 11.5% | 7.5% | 7.4% | 4.0pp | 4.1pp |
| EPS (Diluted) | $1.61 | $0.97 | $1.99 | 66.0% | -19.1% |
| Free Cash Flow | -$321M | -$104M | -$590M | -208.7% | 45.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $505M |
| Operating Expenses | $506M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $538M |
| Interest Income | $15M |
| Interest Expense | $200M |
| Other Income/Expenses | -$184M |
| INCOME BEFORE TAX | $354M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $332M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $332M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $332M |
| D&A | $416M |
| EBIT | $554M |
| EBITDA | $970M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $505M |
| Operating Expenses | $506M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $538M |
| Interest Income | $15M |
| Interest Expense | $200M |
| Other Income/Expenses | -$184M |
| INCOME BEFORE TAX | $354M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $332M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $332M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $332M |
| D&A | $416M |
| EBIT | $554M |
| EBITDA | $970M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $332M |
| Depreciation & Amortization | $373M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $31M |
| Other Non-Cash Items | $21M |
| Change in Working Capital | -$141M |
| OPERATING CASH FLOW | $616M |
| Capital Expenditure | -$937M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | -$105M |
| Sales/Maturities of Investments | $104M |
| Other Investing Activities | -$40M |
| NET CASH FROM INVESTING | -$983M |
| Net Debt Issuance | $587M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$188M |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | $392M |
| FREE CASH FLOW | -$321M |
| Net Change in Cash | $25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $36M |
| Short-Term Investments | $0 |
| Net Receivables | $1.6B |
| Inventory | $1.1B |
| Other Current Assets | $528M |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $27.7B |
| Goodwill | $2.0B |
| Intangible Assets | $159M |
| Long-Term Investments | $337M |
| Tax Assets | $2.6B |
| Other Non-Current Assets | $7.6B |
| TOTAL NON-CURRENT ASSETS | $40.3B |
| TOTAL ASSETS | $43.7B |
| Account Payables | $1.1B |
| Short-Term Debt | $1.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $868M |
| TOTAL CURRENT LIABILITIES | $4.0B |
| Long-Term Debt | $18.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.6B |
| Other Non-Current Liabilities | $7.6B |
| TOTAL NON-CURRENT LIABILITIES | $28.8B |
| TOTAL LIABILITIES | $32.9B |
| Common Stock | $6.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $4.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$44M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.8B |
| Minority Interest | $4M |
| TOTAL EQUITY | $10.9B |
| TOTAL LIABILITIES & EQUITY | $43.7B |
| Total Debt | $20.5B |
| Net Debt | $20.4B |
