| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.1B | $6.6B | $7.7B | -38.5% | -46.9% |
| Op. Income | -$209M | $1.5B | $2.6B | -113.7% | -107.9% |
| Gross Margin | 21.9% | 39.5% | 46.4% | -17.6pp | -24.5pp |
| Net Margin | -4.8% | 22.5% | 30.0% | -27.2pp | -34.8pp |
| EPS (Diluted) | $-0.17 | $1.35 | $2.04 | -112.6% | -108.3% |
| Free Cash Flow | -$1.5B | $164M | $673M | -1018.3% | -323.8% |
| Item | Amount |
|---|---|
| REVENUE | $4.1B |
| Cost of Revenue | $3.2B |
| GROSS PROFIT | $893M |
| R&D Expenses | $872M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $251M |
| Other Expenses | -$21M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | -$209M |
| Interest Income | $88M |
| Interest Expense | $51M |
| Other Income/Expenses | $22M |
| INCOME BEFORE TAX | -$187M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | -$195M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$195M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$195M |
| D&A | $1.9B |
| EBIT | -$196M |
| EBITDA | $1.7B |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$195M |
| Depreciation & Amortization | $1.9B |
| Stock-Based Compensation | $146M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$929M |
| OPERATING CASH FLOW | $943M |
| Capital Expenditure | -$2.4B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$90M |
| Sales/Maturities of Investments | $362M |
| Other Investing Activities | -$89M |
| NET CASH FROM INVESTING | -$2.3B |
| Net Debt Issuance | $3.3B |
| Common Stock Repurchased | -$425M |
| Common Dividends Paid | -$126M |
| Other Financing Activities | -$146M |
| NET CASH FROM FINANCING | $2.6B |
| FREE CASH FLOW | -$1.5B |
| Net Change in Cash | $1.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.6B |
| Short-Term Investments | $1.0B |
| Net Receivables | $3.3B |
| Inventory | $8.4B |
| Other Current Assets | $663M |
| TOTAL CURRENT ASSETS | $22.9B |
| PP&E (Net) | $40.0B |
| Goodwill | $1.2B |
| Intangible Assets | $428M |
| Long-Term Investments | $1.4B |
| Tax Assets | $672M |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $45.0B |
| TOTAL ASSETS | $67.9B |
| Account Payables | $1.8B |
| Short-Term Debt | $62M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $916M |
| TOTAL CURRENT LIABILITIES | $6.5B |
| Long-Term Debt | $9.3B |
| Deferred Revenue NC | $516M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $808M |
| TOTAL NON-CURRENT LIABILITIES | $12.0B |
| TOTAL LIABILITIES | $18.6B |
| Common Stock | $123M |
| Additional Paid-In Capital | $10.3B |
| Retained Earnings | $46.9B |
| Treasury Stock | -$7.6B |
| Accum. Other Comp. Income | -$473M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $49.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $49.3B |
| TOTAL LIABILITIES & EQUITY | $67.9B |
| Total Debt | $10.9B |
| Net Debt | $1.3B |
