| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.1B | $5.8B | $5.2B | -11.7% | -1.9% |
| Op. Income | $630M | $535M | $629M | 17.8% | 0.2% |
| Gross Margin | 12.3% | 9.2% | 12.1% | 3.1pp | 0.2pp |
| Net Margin | 7.0% | 8.2% | 7.7% | -1.2pp | -0.7pp |
| EPS (Diluted) | $0.17 | $0.22 | $0.18 | -22.7% | -5.6% |
| Free Cash Flow | -$2.3B | -$649M | -$1.8B | -246.8% | -24.4% |
| Item | Amount |
|---|---|
| REVENUE | $5.1B |
| Cost of Revenue | $4.5B |
| GROSS PROFIT | $630M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $4.5B |
| OPERATING INCOME | $630M |
| Interest Income | $19M |
| Interest Expense | $411M |
| Other Income/Expenses | -$598M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | -$328M |
| Net Income from Continuing Ops | $360M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $360M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $356M |
| D&A | $1.1B |
| EBIT | $443M |
| EBITDA | $1.5B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $5.1B |
| Cost of Revenue | $4.5B |
| GROSS PROFIT | $630M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $4.5B |
| OPERATING INCOME | $630M |
| Interest Income | $19M |
| Interest Expense | $411M |
| Other Income/Expenses | -$598M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | -$328M |
| Net Income from Continuing Ops | $360M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $360M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $356M |
| D&A | $1.1B |
| EBIT | $443M |
| EBITDA | $1.5B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $360M |
| Depreciation & Amortization | $1.1B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$140M |
| Other Non-Cash Items | $273M |
| Change in Working Capital | -$1.6B |
| OPERATING CASH FLOW | -$22M |
| Capital Expenditure | -$2.2B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.4B |
| Sales/Maturities of Investments | $948M |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | -$2.6B |
| Net Debt Issuance | $2.7B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$32M |
| NET CASH FROM FINANCING | $2.7B |
| FREE CASH FLOW | -$2.3B |
| Net Change in Cash | $39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $239M |
| Short-Term Investments | $0 |
| Net Receivables | $9.0B |
| Inventory | $689M |
| Other Current Assets | $1.8B |
| TOTAL CURRENT ASSETS | $11.7B |
| PP&E (Net) | $74.8B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $23.8B |
| TOTAL NON-CURRENT ASSETS | $101.9B |
| TOTAL ASSETS | $113.5B |
| Account Payables | $3.0B |
| Short-Term Debt | $4.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.5B |
| TOTAL CURRENT LIABILITIES | $15.0B |
| Long-Term Debt | $44.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.0B |
| Other Non-Current Liabilities | $28.4B |
| TOTAL NON-CURRENT LIABILITIES | $76.5B |
| TOTAL LIABILITIES | $91.5B |
| Common Stock | $34.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$8.5B |
| Treasury Stock | -$3.8B |
| Accum. Other Comp. Income | -$25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21.8B |
| Minority Interest | $252M |
| TOTAL EQUITY | $22.0B |
| TOTAL LIABILITIES & EQUITY | $113.5B |
| Total Debt | $49.7B |
| Net Debt | $49.5B |
