| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.9B | $8.5B | $8.9B | -19.2% | -22.4% |
| Op. Income | $80M | $196M | $372M | -59.4% | -78.6% |
| Gross Margin | 9.8% | 10.1% | 10.7% | -0.4pp | -0.9pp |
| Net Margin | 0.5% | 1.5% | 3.0% | -0.9pp | -2.5pp |
| EPS (Diluted) | $0.24 | $0.79 | $1.63 | -69.6% | -85.3% |
| Free Cash Flow | $1.1B | -$161M | -$786M | 762.9% | 235.7% |
| Item | Amount |
|---|---|
| REVENUE | $6.9B |
| Cost of Revenue | $6.2B |
| GROSS PROFIT | $672M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $592M |
| Other Expenses | $0 |
| Operating Expenses | $592M |
| Cost & Expenses | $6.8B |
| OPERATING INCOME | $80M |
| Interest Income | $0 |
| Interest Expense | $30M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $73M |
| EBIT | $80M |
| EBITDA | $153M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $6.9B |
| Cost of Revenue | $6.2B |
| GROSS PROFIT | $672M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $592M |
| Other Expenses | $0 |
| Operating Expenses | $592M |
| Cost & Expenses | $6.8B |
| OPERATING INCOME | $80M |
| Interest Income | $0 |
| Interest Expense | $30M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $73M |
| EBIT | $80M |
| EBITDA | $153M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $38M |
| Depreciation & Amortization | $65M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $106M |
| Change in Working Capital | $960M |
| OPERATING CASH FLOW | $1.2B |
| Capital Expenditure | -$115M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $994.0K |
| Other Investing Activities | -$111M |
| NET CASH FROM INVESTING | -$111M |
| Net Debt Issuance | -$493M |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$505M |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | $566M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $689M |
| Short-Term Investments | $0 |
| Net Receivables | $247M |
| Inventory | $3.4B |
| Other Current Assets | $634M |
| TOTAL CURRENT ASSETS | $5.0B |
| PP&E (Net) | $3.9B |
| Goodwill | $141M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $87M |
| Other Non-Current Assets | $16.8B |
| TOTAL NON-CURRENT ASSETS | $21.0B |
| TOTAL ASSETS | $25.9B |
| Account Payables | $803M |
| Short-Term Debt | $587M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $17.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $365M |
| TOTAL NON-CURRENT LIABILITIES | $18.5B |
| TOTAL LIABILITIES | $20.5B |
| Common Stock | $79M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $3.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $57M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.5B |
| TOTAL LIABILITIES & EQUITY | $25.9B |
| Total Debt | $18.8B |
| Net Debt | $18.1B |
