| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.5B | $831M | -31.5% | 21.4% |
| Op. Income | -$7M | $423M | $22M | -101.6% | -130.0% |
| Gross Margin | 22.6% | 44.4% | 29.2% | -21.8pp | -6.6pp |
| Net Margin | -3.8% | 18.8% | -0.5% | -22.5pp | -3.2pp |
| EPS (Diluted) | $-0.15 | $1.05 | $-0.02 | -113.9% | -751.1% |
| Free Cash Flow | -$327M | $58M | -$139M | -660.0% | -135.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $780M |
| GROSS PROFIT | $228M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1M |
| Other Expenses | $233M |
| Operating Expenses | $235M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | -$7M |
| Interest Income | $0 |
| Interest Expense | $119M |
| Other Income/Expenses | -$80M |
| INCOME BEFORE TAX | -$86M |
| Income Tax Expense | -$48M |
| Net Income from Continuing Ops | -$38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$49M |
| D&A | $164M |
| EBIT | -$8M |
| EBITDA | $156M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$38M |
| Depreciation & Amortization | $164M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$54M |
| Other Non-Cash Items | $121M |
| Change in Working Capital | -$140M |
| OPERATING CASH FLOW | $53M |
| Capital Expenditure | -$380M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$378M |
| Net Debt Issuance | $281M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$87M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $246M |
| FREE CASH FLOW | -$327M |
| Net Change in Cash | -$79M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $201M |
| Short-Term Investments | $0 |
| Net Receivables | $894M |
| Inventory | $432M |
| Other Current Assets | $1.3B |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $15.4B |
| Goodwill | $4.2B |
| Intangible Assets | $0 |
| Long-Term Investments | $1.0B |
| Tax Assets | $251M |
| Other Non-Current Assets | $2.7B |
| TOTAL NON-CURRENT ASSETS | $23.6B |
| TOTAL ASSETS | $26.5B |
| Account Payables | $1.3B |
| Short-Term Debt | $1.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $4.3B |
| Long-Term Debt | $10.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.4B |
| Other Non-Current Liabilities | $2.5B |
| TOTAL NON-CURRENT LIABILITIES | $14.5B |
| TOTAL LIABILITIES | $18.8B |
| Common Stock | $5.5B |
| Additional Paid-In Capital | $58M |
| Retained Earnings | $946M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $104M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.6B |
| Minority Interest | $10M |
| TOTAL EQUITY | $7.6B |
| TOTAL LIABILITIES & EQUITY | $26.5B |
| Total Debt | $12.4B |
| Net Debt | $12.2B |
