| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $339M | $341M | $460M | -0.5% | -26.4% |
| Op. Income | -$51M | -$154M | $101M | 66.8% | -150.5% |
| Gross Margin | -10.2% | -12.9% | 19.9% | 2.7pp | -30.0pp |
| Net Margin | -21.0% | -51.0% | 4.4% | 30.0pp | -25.4pp |
| EPS (Diluted) | $-0.34 | $-0.82 | $0.10 | 58.5% | -440.0% |
| Free Cash Flow | -$15M | -$51M | $95M | 71.2% | -115.5% |
| Item | Amount |
|---|---|
| REVENUE | $339M |
| Cost of Revenue | $373M |
| GROSS PROFIT | -$35M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $10M |
| Operating Expenses | $17M |
| Cost & Expenses | $390M |
| OPERATING INCOME | -$51M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | -$69M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$71M |
| Net Income Deductions | $298.0K |
| BOTTOM LINE NET INCOME | -$72M |
| D&A | $78M |
| EBIT | -$68M |
| EBITDA | $10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$71M |
| Depreciation & Amortization | $78M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $23M |
| Change in Working Capital | $22M |
| OPERATING CASH FLOW | $54M |
| Capital Expenditure | -$69M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$300.0K |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $500.0K |
| NET CASH FROM INVESTING | -$68M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$23M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$26M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $153M |
| Short-Term Investments | $34M |
| Net Receivables | $161M |
| Inventory | $438M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $798M |
| PP&E (Net) | $2.2B |
| Goodwill | $6M |
| Intangible Assets | $0 |
| Long-Term Investments | $87M |
| Tax Assets | $57M |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $3.2B |
| Account Payables | $75M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $376M |
| Long-Term Debt | $22M |
| Deferred Revenue NC | $14M |
| Deferred Tax Liabilities | $144M |
| Other Non-Current Liabilities | $259M |
| TOTAL NON-CURRENT LIABILITIES | $461M |
| TOTAL LIABILITIES | $837M |
| Common Stock | $3.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$841M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$33M |
| Other Equity | $93M |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $5M |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $68M |
| Net Debt | -$85M |
