| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $419M | $429M | $550M | -2.3% | -23.8% |
| Op. Income | $235M | $361M | $270M | -34.9% | -13.1% |
| Gross Margin | 45.6% | 51.6% | 70.3% | -6.0pp | -24.7pp |
| Net Margin | 40.1% | 79.4% | 45.7% | -39.3pp | -5.6pp |
| EPS (Diluted) | $1.88 | $3.98 | $2.74 | -52.8% | -31.4% |
| Free Cash Flow | -$65M | -$192M | $99M | 66.2% | -165.5% |
| Item | Amount |
|---|---|
| REVENUE | $419M |
| Cost of Revenue | $228M |
| GROSS PROFIT | $191M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | -$56M |
| Operating Expenses | -$44M |
| Cost & Expenses | $184M |
| OPERATING INCOME | $235M |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | $207M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $168M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1.0K |
| NET INCOME | $168M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $168M |
| D&A | $106M |
| EBIT | $239M |
| EBITDA | $345M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $419M |
| Cost of Revenue | $228M |
| GROSS PROFIT | $191M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | -$56M |
| Operating Expenses | -$44M |
| Cost & Expenses | $184M |
| OPERATING INCOME | $235M |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | $207M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $168M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1.0K |
| NET INCOME | $168M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $168M |
| D&A | $106M |
| EBIT | $239M |
| EBITDA | $345M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $168M |
| Depreciation & Amortization | $106M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $38M |
| Other Non-Cash Items | -$33M |
| Change in Working Capital | $27M |
| OPERATING CASH FLOW | $308M |
| Capital Expenditure | -$373M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$410M |
| NET CASH FROM INVESTING | -$410M |
| Net Debt Issuance | -$85M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$29M |
| Other Financing Activities | -$1.0K |
| NET CASH FROM FINANCING | $111M |
| FREE CASH FLOW | -$65M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $0 |
| Net Receivables | $266M |
| Inventory | $0 |
| Other Current Assets | $71M |
| TOTAL CURRENT ASSETS | $386M |
| PP&E (Net) | $3.2B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $62M |
| TOTAL NON-CURRENT ASSETS | $3.3B |
| TOTAL ASSETS | $3.7B |
| Account Payables | $154M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $379M |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $31M |
| Other Non-Current Liabilities | $167M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $495.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$493M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $1.7B |
| Net Debt | $1.7B |
