| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $945M | $605M | $1.3B | 56.3% | -25.6% |
| Op. Income | $331M | $146M | $318M | 126.2% | 4.2% |
| Gross Margin | 51.7% | 48.7% | 36.6% | 2.9pp | 15.0pp |
| Net Margin | 25.6% | 14.6% | 20.7% | 11.0pp | 4.9pp |
| EPS (Diluted) | $1.20 | $0.44 | $1.31 | 172.7% | -8.4% |
| Free Cash Flow | $116M | $39M | $520M | 195.4% | -77.7% |
| Item | Amount |
|---|---|
| REVENUE | $945M |
| Cost of Revenue | $457M |
| GROSS PROFIT | $488M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $157M |
| Operating Expenses | $157M |
| Cost & Expenses | $614M |
| OPERATING INCOME | $331M |
| Interest Income | $0 |
| Interest Expense | $57M |
| Other Income/Expenses | -$51M |
| INCOME BEFORE TAX | $280M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $242M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $242M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $242M |
| D&A | $133M |
| EBIT | $338M |
| EBITDA | $470M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $945M |
| Cost of Revenue | $457M |
| GROSS PROFIT | $488M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $157M |
| Operating Expenses | $157M |
| Cost & Expenses | $614M |
| OPERATING INCOME | $331M |
| Interest Income | $0 |
| Interest Expense | $57M |
| Other Income/Expenses | -$51M |
| INCOME BEFORE TAX | $280M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $242M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $242M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $242M |
| D&A | $133M |
| EBIT | $338M |
| EBITDA | $470M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $242M |
| Depreciation & Amortization | $133M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | -$30M |
| Change in Working Capital | $61M |
| OPERATING CASH FLOW | $415M |
| Capital Expenditure | -$299M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$24M |
| NET CASH FROM INVESTING | -$323M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$83M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$90M |
| FREE CASH FLOW | $116M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $497M |
| Inventory | $354M |
| Other Current Assets | $51M |
| TOTAL CURRENT ASSETS | $905M |
| PP&E (Net) | $11.2B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $111M |
| Tax Assets | $0 |
| Other Non-Current Assets | $501M |
| TOTAL NON-CURRENT ASSETS | $11.8B |
| TOTAL ASSETS | $12.7B |
| Account Payables | $282M |
| Short-Term Debt | $411M |
| Deferred Revenue | $100M |
| Other Current Liabilities | $100M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $4.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.3B |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $7.1B |
| TOTAL LIABILITIES | $8.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $3.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $12.7B |
| Total Debt | $4.8B |
| Net Debt | $4.7B |
