| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.3B | $8.1B | — | 1.6% | — |
| Op. Income | -$307M | -$341M | — | 10.0% | — |
| Gross Margin | 12.7% | 14.1% | — | -1.4pp | — |
| Net Margin | -2.1% | -1.8% | — | -0.2pp | — |
| EPS (Diluted) | $-0.62 | $-0.55 | — | -12.7% | — |
| Free Cash Flow | $52M | -$447M | — | 111.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $8.3B |
| Cost of Revenue | $7.2B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $223M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.1B |
| Other Expenses | $0 |
| Operating Expenses | $1.4B |
| Cost & Expenses | $8.6B |
| OPERATING INCOME | -$307M |
| Interest Income | $23M |
| Interest Expense | $21M |
| Other Income/Expenses | $291M |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | $169M |
| Net Income from Continuing Ops | -$185M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$170M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$170M |
| D&A | $242M |
| EBIT | $5M |
| EBITDA | $247M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$170M |
| Depreciation & Amortization | $242M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $197M |
| Other Non-Cash Items | -$291M |
| Change in Working Capital | $255M |
| OPERATING CASH FLOW | $233M |
| Capital Expenditure | -$181M |
| Acquisitions (Net) | $10M |
| Purchases of Investments | -$37M |
| Sales/Maturities of Investments | $187M |
| Other Investing Activities | -$15M |
| NET CASH FROM INVESTING | -$36M |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$287M |
| NET CASH FROM FINANCING | -$286M |
| FREE CASH FLOW | $52M |
| Net Change in Cash | $0 |
