| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.8B | $1.0B | -41.7% | 2.8% |
| Op. Income | $90M | $653M | -$7M | -86.2% | 1466.7% |
| Gross Margin | 34.8% | 51.5% | 22.6% | -16.7pp | 12.2pp |
| Net Margin | 3.1% | 23.7% | -3.8% | -20.6pp | 6.9pp |
| EPS (Diluted) | $0.12 | $1.51 | $-0.15 | -92.3% | 180.0% |
| Free Cash Flow | -$158M | -$134M | -$327M | -17.4% | 51.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $676M |
| GROSS PROFIT | $360M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $265M |
| Operating Expenses | $270M |
| Cost & Expenses | $946M |
| OPERATING INCOME | $90M |
| Interest Income | $0 |
| Interest Expense | $163M |
| Other Income/Expenses | -$95M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$37M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $193M |
| EBIT | $95M |
| EBITDA | $288M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $32M |
| Depreciation & Amortization | $193M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$45M |
| Other Non-Cash Items | $191M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $364M |
| Capital Expenditure | -$522M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | -$514M |
| Net Debt Issuance | $270M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$86M |
| Other Financing Activities | -$730.8K |
| NET CASH FROM FINANCING | $181M |
| FREE CASH FLOW | -$158M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $185M |
| Short-Term Investments | $0 |
| Net Receivables | $575M |
| Inventory | $455M |
| Other Current Assets | $722M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $12.9B |
| Goodwill | $3.2B |
| Intangible Assets | $0 |
| Long-Term Investments | $1.1B |
| Tax Assets | $103M |
| Other Non-Current Assets | $1.8B |
| TOTAL NON-CURRENT ASSETS | $19.2B |
| TOTAL ASSETS | $21.2B |
| Account Payables | $707M |
| Short-Term Debt | $1.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $571M |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $9.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.3B |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $11.9B |
| TOTAL LIABILITIES | $14.8B |
| Common Stock | $4.4B |
| Additional Paid-In Capital | $45M |
| Retained Earnings | $991M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $200M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.4B |
| Minority Interest | $8M |
| TOTAL EQUITY | $6.4B |
| TOTAL LIABILITIES & EQUITY | $21.2B |
| Total Debt | $10.7B |
| Net Debt | $10.5B |
