| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13.2B | — | $10.5B | — | 26.4% |
| Op. Income | -$1.5B | — | -$4.4B | — | 65.1% |
| Gross Margin | -7.9% | — | -37.0% | — | 29.1pp |
| Net Margin | -9.7% | — | -31.2% | — | 21.5pp |
| EPS (Diluted) | $-1.00 | — | $-2.54 | — | 60.6% |
| Free Cash Flow | -$3.5B | — | -$6.4B | — | 45.4% |
| Item | Amount |
|---|---|
| REVENUE | $13.2B |
| Cost of Revenue | $14.3B |
| GROSS PROFIT | -$1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $332M |
| SG&A Expenses | $338M |
| Other Expenses | $152M |
| Operating Expenses | $490M |
| Cost & Expenses | $14.8B |
| OPERATING INCOME | -$1.5B |
| Interest Income | $68M |
| Interest Expense | $749M |
| Other Income/Expenses | -$461M |
| INCOME BEFORE TAX | -$2.0B |
| Income Tax Expense | -$709M |
| Net Income from Continuing Ops | -$1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.3B |
| D&A | $2.2B |
| EBIT | -$1.2B |
| EBITDA | $948M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$1.3B |
| Depreciation & Amortization | $2.2B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$709M |
| Other Non-Cash Items | $495M |
| Change in Working Capital | -$1.6B |
| OPERATING CASH FLOW | -$919M |
| Capital Expenditure | -$2.6B |
| Acquisitions (Net) | $4M |
| Purchases of Investments | -$414M |
| Sales/Maturities of Investments | $452M |
| Other Investing Activities | $48M |
| NET CASH FROM INVESTING | -$2.5B |
| Net Debt Issuance | $3.3B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$27M |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | $3.3B |
| FREE CASH FLOW | -$3.5B |
| Net Change in Cash | -$165M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $1.2B |
| Net Receivables | $6.3B |
| Inventory | $6.4B |
| Other Current Assets | $1.1B |
| TOTAL CURRENT ASSETS | $17.7B |
| PP&E (Net) | $121.2B |
| Goodwill | $85M |
| Intangible Assets | $683M |
| Long-Term Investments | $8.4B |
| Tax Assets | $9.1B |
| Other Non-Current Assets | $2.5B |
| TOTAL NON-CURRENT ASSETS | $141.9B |
| TOTAL ASSETS | $159.6B |
| Account Payables | $3.2B |
| Short-Term Debt | $9.3B |
| Deferred Revenue | $511M |
| Other Current Liabilities | $15.8B |
| TOTAL CURRENT LIABILITIES | $32.5B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $7.0B |
| Deferred Tax Liabilities | $3.9B |
| Other Non-Current Liabilities | $88.1B |
| TOTAL NON-CURRENT LIABILITIES | $103.4B |
| TOTAL LIABILITIES | $135.9B |
| Common Stock | $2.2B |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $9.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $427M |
| Other Equity | $9.0B |
| TOTAL STOCKHOLDERS' EQUITY | $22.8B |
| Minority Interest | $911M |
| TOTAL EQUITY | $23.7B |
| TOTAL LIABILITIES & EQUITY | $159.6B |
| Total Debt | $14.1B |
| Net Debt | $12.2B |
