| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.0B | $2.0B | 61.2% | -17.5% |
| Op. Income | $418M | $414M | $1.4B | 1.1% | -69.6% |
| Gross Margin | 28.8% | 46.3% | 31.5% | -17.6pp | -2.7pp |
| Net Margin | 15.1% | 25.5% | 65.8% | -10.4pp | -50.7pp |
| EPS (Diluted) | $0.42 | $0.44 | $2.36 | -5.0% | -82.4% |
| Free Cash Flow | $347M | $387M | $465M | -10.4% | -25.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $482M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $76M |
| SG&A Expenses | $76M |
| Other Expenses | -$12M |
| Operating Expenses | $64M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $418M |
| Interest Income | $0 |
| Interest Expense | $87M |
| Other Income/Expenses | -$95M |
| INCOME BEFORE TAX | $323M |
| Income Tax Expense | $70M |
| NET INCOME | $253M |
| D&A | $120M |
| EBIT | $410M |
| EBITDA | $530M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $482M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $76M |
| SG&A Expenses | $76M |
| Other Expenses | -$12M |
| Operating Expenses | $64M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $418M |
| Interest Income | $0 |
| Interest Expense | $87M |
| Other Income/Expenses | -$95M |
| INCOME BEFORE TAX | $323M |
| Income Tax Expense | $70M |
| NET INCOME | $253M |
| D&A | $120M |
| EBIT | $410M |
| EBITDA | $530M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $253M |
| Depreciation & Amortization | $120M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $70M |
| Other Non-Cash Items | $75M |
| Change in Working Capital | -$56M |
| OPERATING CASH FLOW | $471M |
| Capital Expenditure | -$124M |
| Acquisitions (Net) | -$12M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $14M |
| NET CASH FROM INVESTING | -$121M |
| Net Debt Issuance | -$39M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$267M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$329M |
| FREE CASH FLOW | $347M |
| Net Change in Cash | $21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $63M |
| Short-Term Investments | $0 |
| Net Receivables | $616M |
| Inventory | $240M |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $944M |
| PP&E (Net) | $11.7B |
| Goodwill | $0 |
| Intangible Assets | $4.5B |
| Long-Term Investments | $5.1B |
| Tax Assets | $160M |
| Other Non-Current Assets | $255M |
| TOTAL NON-CURRENT ASSETS | $21.7B |
| TOTAL ASSETS | $22.6B |
| Account Payables | $778M |
| Short-Term Debt | $475M |
| Deferred Revenue | $42M |
| Other Current Liabilities | $35M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $7.3B |
| Deferred Revenue NC | $98M |
| Deferred Tax Liabilities | $1.8B |
| Other Non-Current Liabilities | $226M |
| TOTAL NON-CURRENT LIABILITIES | $9.8B |
| TOTAL LIABILITIES | $11.2B |
| Common Stock | $11.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $248M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.4B |
| Minority Interest | $44M |
| TOTAL EQUITY | $11.4B |
| TOTAL LIABILITIES & EQUITY | $22.6B |
| Total Debt | $8.2B |
| Net Debt | $8.1B |
