| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.1B | $6.8B | — | 19.0% | — |
| Op. Income | -$341M | -$469M | — | 27.3% | — |
| Gross Margin | 14.1% | 13.5% | — | 0.7pp | — |
| Net Margin | -1.8% | -4.6% | — | 2.8pp | — |
| EPS (Diluted) | $-0.55 | $-1.15 | — | 52.2% | — |
| Free Cash Flow | -$447M | -$814M | — | 45.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $8.1B |
| Cost of Revenue | $7.0B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $216M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $0 |
| Operating Expenses | $1.5B |
| Cost & Expenses | $8.5B |
| OPERATING INCOME | -$341M |
| Interest Income | $17M |
| Interest Expense | $21M |
| Other Income/Expenses | $314M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | $122M |
| Net Income from Continuing Ops | -$149M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1M |
| NET INCOME | -$150M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$150M |
| D&A | $239M |
| EBIT | -$6M |
| EBITDA | $233M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$149M |
| Depreciation & Amortization | $239M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $155M |
| Other Non-Cash Items | -$575M |
| Change in Working Capital | $42M |
| OPERATING CASH FLOW | -$288M |
| Capital Expenditure | -$159M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$239M |
| NET CASH FROM INVESTING | -$400M |
| Net Debt Issuance | $11M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $227M |
| NET CASH FROM FINANCING | $238M |
| FREE CASH FLOW | -$447M |
| Net Change in Cash | -$453M |
