| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $471M | $530M | $533M | -11.1% | -11.6% |
| Op. Income | -$3M | -$109M | $109M | 96.9% | -103.2% |
| Gross Margin | 5.7% | -14.4% | 25.0% | 20.1pp | -19.3pp |
| Net Margin | -5.5% | -18.6% | 12.5% | 13.0pp | -18.0pp |
| EPS (Diluted) | $-0.39 | $-1.48 | $1.00 | 73.6% | -139.0% |
| Free Cash Flow | -$63M | -$25M | $38M | -153.1% | -264.6% |
| Item | Amount |
|---|---|
| REVENUE | $471M |
| Cost of Revenue | $444M |
| GROSS PROFIT | $27M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $30M |
| Cost & Expenses | $474M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $41M |
| EBIT | -$109.0K |
| EBITDA | $41M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $41M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $10M |
| Other Non-Cash Items | -$14M |
| Change in Working Capital | -$38M |
| OPERATING CASH FLOW | -$25M |
| Capital Expenditure | -$37M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | -$29M |
| Net Debt Issuance | $195M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $185M |
| FREE CASH FLOW | -$63M |
| Net Change in Cash | $130M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $344M |
| Short-Term Investments | $0 |
| Net Receivables | $267M |
| Inventory | $422M |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $1.4B |
| Goodwill | $34M |
| Intangible Assets | $50M |
| Long-Term Investments | $44M |
| Tax Assets | $0 |
| Other Non-Current Assets | $48M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $61M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $268M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $95M |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $66M |
| Additional Paid-In Capital | $358M |
| Retained Earnings | $428M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$187M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $665M |
| Minority Interest | $0 |
| TOTAL EQUITY | $665M |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $1.6B |
| Net Debt | $1.3B |
