| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.1B | $7.1B | $7.8B | -0.9% | -9.0% |
| Op. Income | $438M | $277M | $792M | 57.9% | -44.8% |
| Gross Margin | 39.2% | 38.3% | 41.4% | 0.9pp | -2.2pp |
| Net Margin | -47.6% | -1.1% | 7.7% | -46.5pp | -55.2pp |
| EPS (Diluted) | $-1.01 | $-0.02 | $0.18 | -4352.4% | -666.7% |
| Free Cash Flow | $90M | -$413M | $415M | 121.7% | -78.4% |
| Item | Amount |
|---|---|
| REVENUE | $7.1B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.1B |
| Other Expenses | $0 |
| Operating Expenses | $2.3B |
| Cost & Expenses | $6.6B |
| OPERATING INCOME | $438M |
| Interest Income | $52M |
| Interest Expense | $112M |
| Other Income/Expenses | -$3.7B |
| INCOME BEFORE TAX | -$3.3B |
| Income Tax Expense | $95M |
| Net Income from Continuing Ops | -$3.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3.4B |
| D&A | $3.8B |
| EBIT | -$3.1B |
| EBITDA | $664M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$3.4B |
| Depreciation & Amortization | $3.8B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $45M |
| Change in Working Capital | -$308M |
| OPERATING CASH FLOW | $177M |
| Capital Expenditure | -$87M |
| Acquisitions (Net) | -$8M |
| Purchases of Investments | -$202M |
| Sales/Maturities of Investments | $299M |
| Other Investing Activities | -$158M |
| NET CASH FROM INVESTING | -$207M |
| Net Debt Issuance | $427M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $10M |
| Other Financing Activities | $152M |
| NET CASH FROM FINANCING | $589M |
| FREE CASH FLOW | $90M |
| Net Change in Cash | $485M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.9B |
| Short-Term Investments | $1.0B |
| Net Receivables | $8.7B |
| Inventory | $4.9B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $17.5B |
| PP&E (Net) | $2.2B |
| Goodwill | $6.2B |
| Intangible Assets | $3.3B |
| Long-Term Investments | $1.9B |
| Tax Assets | $2.4B |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $15.9B |
| TOTAL ASSETS | $33.5B |
| Account Payables | $3.3B |
| Short-Term Debt | $2.3B |
| Deferred Revenue | $4.5B |
| Other Current Liabilities | $5.5B |
| TOTAL CURRENT LIABILITIES | $16.0B |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $474M |
| Other Non-Current Liabilities | $2.7B |
| TOTAL NON-CURRENT LIABILITIES | $6.0B |
| TOTAL LIABILITIES | $21.9B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $11.7B |
| TOTAL STOCKHOLDERS' EQUITY | $11.7B |
| Minority Interest | -$148M |
| TOTAL EQUITY | $11.5B |
| TOTAL LIABILITIES & EQUITY | $33.5B |
| Total Debt | $5.1B |
| Net Debt | $2.2B |
