| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.7B | $6.2B | $4.7B | -7.6% | 21.6% |
| Op. Income | -$284M | -$385M | -$151M | 26.2% | -88.1% |
| Gross Margin | 11.7% | 16.3% | 12.4% | -4.6pp | -0.6pp |
| Net Margin | -2.8% | -3.6% | -5.9% | 0.8pp | 3.1pp |
| EPS (Diluted) | $-0.27 | $-0.37 | $-0.47 | 27.0% | 42.6% |
| Free Cash Flow | -$346M | -$785M | $557M | 55.9% | -162.1% |
| Item | Amount |
|---|---|
| REVENUE | $5.7B |
| Cost of Revenue | $5.0B |
| GROSS PROFIT | $668M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $952M |
| Operating Expenses | $952M |
| Cost & Expenses | $6.0B |
| OPERATING INCOME | -$284M |
| Interest Income | $125M |
| Interest Expense | $60M |
| Other Income/Expenses | $79M |
| INCOME BEFORE TAX | -$205M |
| Income Tax Expense | -$46M |
| Net Income from Continuing Ops | -$159M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$159M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$159M |
| D&A | $365M |
| EBIT | -$145M |
| EBITDA | $220M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$159M |
| Depreciation & Amortization | $365M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$52M |
| Other Non-Cash Items | -$94M |
| Change in Working Capital | $646M |
| OPERATING CASH FLOW | $706M |
| Capital Expenditure | -$1.1B |
| Acquisitions (Net) | $6M |
| Purchases of Investments | -$2.2B |
| Sales/Maturities of Investments | $1.7B |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$1.6B |
| Net Debt Issuance | -$59M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$214M |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$262M |
| FREE CASH FLOW | -$346M |
| Net Change in Cash | -$1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.4B |
| Short-Term Investments | $3.3B |
| Net Receivables | $1.3B |
| Inventory | $736M |
| Other Current Assets | $614M |
| TOTAL CURRENT ASSETS | $14.3B |
| PP&E (Net) | $19.4B |
| Goodwill | $970M |
| Intangible Assets | $295M |
| Long-Term Investments | $236M |
| Tax Assets | $0 |
| Other Non-Current Assets | $367M |
| TOTAL NON-CURRENT ASSETS | $21.3B |
| TOTAL ASSETS | $35.5B |
| Account Payables | $272M |
| Short-Term Debt | $32M |
| Deferred Revenue | $7.2B |
| Other Current Liabilities | $1.7B |
| TOTAL CURRENT LIABILITIES | $11.3B |
| Long-Term Debt | $8.0B |
| Deferred Revenue NC | $2.0B |
| Deferred Tax Liabilities | $1.9B |
| Other Non-Current Liabilities | $936M |
| TOTAL NON-CURRENT LIABILITIES | $13.9B |
| TOTAL LIABILITIES | $25.2B |
| Common Stock | $888M |
| Additional Paid-In Capital | $4.1B |
| Retained Earnings | $16.0B |
| Treasury Stock | -$10.8B |
| Accum. Other Comp. Income | $197M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.3B |
| TOTAL LIABILITIES & EQUITY | $35.5B |
| Total Debt | $9.4B |
| Net Debt | $1.0B |
