| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.5B | $7.0B | $6.2B | -7.3% | 4.9% |
| Op. Income | $117M | $795M | $395M | -85.3% | -70.4% |
| Gross Margin | 16.5% | 24.9% | 19.5% | -8.4pp | -3.0pp |
| Net Margin | 3.0% | 9.7% | 4.5% | -6.7pp | -1.5pp |
| EPS (Diluted) | $0.30 | $1.07 | $0.43 | -72.0% | -30.2% |
| Free Cash Flow | -$234M | $483M | -$845M | -148.4% | 72.3% |
| Item | Amount |
|---|---|
| REVENUE | $6.5B |
| Cost of Revenue | $5.5B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $958M |
| Operating Expenses | $958M |
| Cost & Expenses | $6.4B |
| OPERATING INCOME | $117M |
| Interest Income | $156M |
| Interest Expense | $59M |
| Other Income/Expenses | $120M |
| INCOME BEFORE TAX | $237M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $193M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $193M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $193M |
| D&A | $375M |
| EBIT | $296M |
| EBITDA | $671M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $6.5B |
| Cost of Revenue | $5.5B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $958M |
| Operating Expenses | $958M |
| Cost & Expenses | $6.4B |
| OPERATING INCOME | $117M |
| Interest Income | $156M |
| Interest Expense | $59M |
| Other Income/Expenses | $120M |
| INCOME BEFORE TAX | $237M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $193M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $193M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $193M |
| D&A | $375M |
| EBIT | $296M |
| EBITDA | $671M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $193M |
| Depreciation & Amortization | $375M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $57M |
| Other Non-Cash Items | $38M |
| Change in Working Capital | -$47M |
| OPERATING CASH FLOW | $616M |
| Capital Expenditure | -$850M |
| Acquisitions (Net) | $842M |
| Purchases of Investments | -$1.6B |
| Sales/Maturities of Investments | $2.4B |
| Other Investing Activities | -$842M |
| NET CASH FROM INVESTING | -$64M |
| Net Debt Issuance | -$11M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$214M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$213M |
| FREE CASH FLOW | -$234M |
| Net Change in Cash | $339M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.5B |
| Short-Term Investments | $2.2B |
| Net Receivables | $1.5B |
| Inventory | $799M |
| Other Current Assets | $632M |
| TOTAL CURRENT ASSETS | $14.6B |
| PP&E (Net) | $20.4B |
| Goodwill | $970M |
| Intangible Assets | $296M |
| Long-Term Investments | $249M |
| Tax Assets | $0 |
| Other Non-Current Assets | $471M |
| TOTAL NON-CURRENT ASSETS | $22.3B |
| TOTAL ASSETS | $37.0B |
| Account Payables | $329M |
| Short-Term Debt | $30M |
| Deferred Revenue | $7.2B |
| Other Current Liabilities | $2.5B |
| TOTAL CURRENT LIABILITIES | $12.1B |
| Long-Term Debt | $8.0B |
| Deferred Revenue NC | $1.8B |
| Deferred Tax Liabilities | $2.2B |
| Other Non-Current Liabilities | $880M |
| TOTAL NON-CURRENT LIABILITIES | $13.8B |
| TOTAL LIABILITIES | $25.9B |
| Common Stock | $888M |
| Additional Paid-In Capital | $4.1B |
| Retained Earnings | $16.7B |
| Treasury Stock | -$10.8B |
| Accum. Other Comp. Income | $201M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.1B |
| TOTAL LIABILITIES & EQUITY | $37.0B |
| Total Debt | $9.3B |
| Net Debt | -$224M |
