| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $514M | $419M | $534M | 22.6% | -3.8% |
| Op. Income | $42M | $235M | $605M | -81.9% | -93.0% |
| Gross Margin | 49.7% | 45.6% | 66.9% | 4.1pp | -17.2pp |
| Net Margin | 5.1% | 40.1% | 109.3% | -35.0pp | -104.2pp |
| EPS (Diluted) | $0.28 | $1.88 | $6.77 | -85.1% | -95.9% |
| Free Cash Flow | -$386M | -$65M | -$24M | -495.7% | -1477.4% |
| Item | Amount |
|---|---|
| REVENUE | $514M |
| Cost of Revenue | $258M |
| GROSS PROFIT | $255M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $201M |
| Operating Expenses | $213M |
| Cost & Expenses | $471M |
| OPERATING INCOME | $42M |
| Interest Income | $0 |
| Interest Expense | $37M |
| Other Income/Expenses | -$37M |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | -$21M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1.0K |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $134M |
| EBIT | $42M |
| EBITDA | $176M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $514M |
| Cost of Revenue | $258M |
| GROSS PROFIT | $255M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $201M |
| Operating Expenses | $213M |
| Cost & Expenses | $471M |
| OPERATING INCOME | $42M |
| Interest Income | $0 |
| Interest Expense | $37M |
| Other Income/Expenses | -$37M |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | -$21M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1.0K |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $134M |
| EBIT | $42M |
| EBITDA | $176M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $134M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$21M |
| Other Non-Cash Items | $208M |
| Change in Working Capital | -$83M |
| OPERATING CASH FLOW | $264M |
| Capital Expenditure | -$650M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $38M |
| NET CASH FROM INVESTING | -$613M |
| Net Debt Issuance | $381M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$34M |
| Other Financing Activities | $1.0K |
| NET CASH FROM FINANCING | $347M |
| FREE CASH FLOW | -$386M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $364M |
| Inventory | $0 |
| Other Current Assets | $68M |
| TOTAL CURRENT ASSETS | $470M |
| PP&E (Net) | $3.8B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $46M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $4.3B |
| Account Payables | $235M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $178M |
| TOTAL CURRENT LIABILITIES | $602M |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $230M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $495.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$467M |
| 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 | $4.3B |
| Total Debt | $2.1B |
| Net Debt | $2.0B |
