| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.6B | $3.7B | $4.4B | -0.5% | -17.1% |
| Op. Income | $223M | -$8.4B | $791M | 102.6% | -71.8% |
| Gross Margin | 49.2% | 52.5% | 35.3% | -3.3pp | 13.9pp |
| Net Margin | -2.1% | -238.6% | 13.2% | 236.5pp | -15.3pp |
| EPS (Diluted) | $-0.08 | $-8.88 | $0.57 | 99.1% | -113.9% |
| Free Cash Flow | $38M | -$896M | $278M | 104.2% | -86.3% |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $830M |
| SG&A Expenses | $830M |
| Other Expenses | $738M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $223M |
| Interest Income | $0 |
| Interest Expense | $295M |
| Other Income/Expenses | -$308M |
| INCOME BEFORE TAX | -$85M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | -$78M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$78M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$78M |
| D&A | $755M |
| EBIT | $210M |
| EBITDA | $965M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$78M |
| Depreciation & Amortization | $755M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | $82M |
| Change in Working Capital | $114M |
| OPERATING CASH FLOW | $881M |
| Capital Expenditure | -$843M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $16M |
| NET CASH FROM INVESTING | -$827M |
| Net Debt Issuance | -$170M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$173M |
| FREE CASH FLOW | $38M |
| Net Change in Cash | -$119M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $311M |
| Short-Term Investments | $0 |
| Net Receivables | $1.6B |
| Inventory | $227M |
| Other Current Assets | $2.0B |
| TOTAL CURRENT ASSETS | $4.4B |
| PP&E (Net) | $19.6B |
| Goodwill | $3.9B |
| Intangible Assets | $5.7B |
| Long-Term Investments | $11M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.3B |
| TOTAL NON-CURRENT ASSETS | $31.5B |
| TOTAL ASSETS | $35.9B |
| Account Payables | $1.0B |
| Short-Term Debt | $451M |
| Deferred Revenue | $643M |
| Other Current Liabilities | $791M |
| TOTAL CURRENT LIABILITIES | $3.9B |
| Long-Term Debt | $19.7B |
| Deferred Revenue NC | $1.9B |
| Deferred Tax Liabilities | $3.2B |
| Other Non-Current Liabilities | $4.9B |
| TOTAL NON-CURRENT LIABILITIES | $29.8B |
| TOTAL LIABILITIES | $33.7B |
| Common Stock | $1.0B |
| Additional Paid-In Capital | $18.1B |
| Retained Earnings | -$15.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $35.9B |
| Total Debt | $20.2B |
| Net Debt | $19.9B |
