| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.7B | $3.7B | $4.6B | -2.1% | -20.6% |
| Op. Income | -$8.4B | $390M | $912M | -2259.2% | -1023.4% |
| Gross Margin | 52.5% | 51.4% | 36.6% | 1.1pp | 15.9pp |
| Net Margin | -238.6% | 13.7% | 7.5% | -252.3pp | -246.1pp |
| EPS (Diluted) | $-8.88 | $0.52 | $0.34 | -1807.7% | -2711.8% |
| Free Cash Flow | -$896M | -$45M | $635M | -1891.1% | -241.1% |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $829M |
| SG&A Expenses | $829M |
| Other Expenses | $9.5B |
| Operating Expenses | $10.3B |
| Cost & Expenses | $12.1B |
| OPERATING INCOME | -$8.4B |
| Interest Income | $4M |
| Interest Expense | $294M |
| Other Income/Expenses | -$269M |
| INCOME BEFORE TAX | -$8.7B |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | -$8.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8.7B |
| D&A | $746M |
| EBIT | -$8.4B |
| EBITDA | -$7.7B |
| EPS | -$9 |
| EPS Diluted | -$9 |
| Item | Amount |
|---|---|
| Net Income | -$8.7B |
| Depreciation & Amortization | $746M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8.9B |
| Change in Working Capital | -$1.0B |
| OPERATING CASH FLOW | -$100M |
| Capital Expenditure | -$796M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | -$789M |
| Net Debt Issuance | $161M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $158M |
| FREE CASH FLOW | -$896M |
| Net Change in Cash | -$731M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $411M |
| Short-Term Investments | $0 |
| Net Receivables | $1.5B |
| Inventory | $205M |
| Other Current Assets | $2.1B |
| TOTAL CURRENT ASSETS | $4.7B |
| PP&E (Net) | $19.4B |
| Goodwill | $3.9B |
| Intangible Assets | $5.9B |
| Long-Term Investments | $11M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.3B |
| TOTAL NON-CURRENT ASSETS | $31.5B |
| TOTAL ASSETS | $36.2B |
| Account Payables | $1.2B |
| Short-Term Debt | $477M |
| Deferred Revenue | $627M |
| Other Current Liabilities | $849M |
| TOTAL CURRENT LIABILITIES | $4.0B |
| Long-Term Debt | $19.9B |
| Deferred Revenue NC | $1.9B |
| Deferred Tax Liabilities | $3.2B |
| Other Non-Current Liabilities | $5.0B |
| TOTAL NON-CURRENT LIABILITIES | $29.9B |
| TOTAL LIABILITIES | $33.9B |
| Common Stock | $1.0B |
| Additional Paid-In Capital | $18.1B |
| Retained Earnings | -$15.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.4B |
| Other Equity | $298M |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $36.2B |
| Total Debt | $20.4B |
| Net Debt | $20.0B |
