| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $717M | $659M | $702M | 8.9% | 2.2% |
| Op. Income | $221M | $254M | $246M | -13.0% | -10.1% |
| Gross Margin | 34.4% | 42.6% | 39.1% | -8.2pp | -4.7pp |
| Net Margin | 19.6% | 25.8% | 23.8% | -6.1pp | -4.2pp |
| EPS (Diluted) | $1.53 | $1.84 | $1.82 | -16.8% | -15.9% |
| Free Cash Flow | $108M | $94M | $52M | 15.4% | 107.4% |
| Item | Amount |
|---|---|
| REVENUE | $717M |
| Cost of Revenue | $471M |
| GROSS PROFIT | $247M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $25M |
| Operating Expenses | $25M |
| Cost & Expenses | $496M |
| OPERATING INCOME | $221M |
| Interest Income | $0 |
| Interest Expense | $33M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $191M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $141M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $141M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $141M |
| D&A | $101M |
| EBIT | $224M |
| EBITDA | $325M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $717M |
| Cost of Revenue | $471M |
| GROSS PROFIT | $247M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $25M |
| Operating Expenses | $25M |
| Cost & Expenses | $496M |
| OPERATING INCOME | $221M |
| Interest Income | $0 |
| Interest Expense | $33M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $191M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $141M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $141M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $141M |
| D&A | $101M |
| EBIT | $224M |
| EBITDA | $325M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $141M |
| Depreciation & Amortization | $101M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $27M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $102M |
| OPERATING CASH FLOW | $384M |
| Capital Expenditure | -$276M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$224.0K |
| NET CASH FROM INVESTING | -$276M |
| Net Debt Issuance | -$239M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$44M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$283M |
| FREE CASH FLOW | $108M |
| Net Change in Cash | -$175M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $72M |
| Short-Term Investments | $0 |
| Net Receivables | $323M |
| Inventory | $79M |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $543M |
| PP&E (Net) | $6.8B |
| Goodwill | $5M |
| Intangible Assets | $0 |
| Long-Term Investments | $179M |
| Tax Assets | $0 |
| Other Non-Current Assets | $424M |
| TOTAL NON-CURRENT ASSETS | $7.4B |
| TOTAL ASSETS | $8.0B |
| Account Payables | $122M |
| Short-Term Debt | $410M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $367M |
| TOTAL CURRENT LIABILITIES | $917M |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.0B |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $4.2B |
| TOTAL LIABILITIES | $5.1B |
| Common Stock | $92M |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$55M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $8.0B |
| Total Debt | $2.5B |
| Net Debt | $2.4B |
