| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.3B | $6.2B | $5.1B | -14.8% | 3.4% |
| Op. Income | $794M | $900M | $630M | -11.8% | 26.0% |
| Gross Margin | 15.0% | 14.5% | 12.3% | 0.5pp | 2.7pp |
| Net Margin | 7.8% | 9.2% | 7.0% | -1.5pp | 0.7pp |
| EPS (Diluted) | $0.19 | $0.27 | $0.17 | -29.6% | 11.8% |
| Free Cash Flow | -$1.1B | -$1.1B | -$2.3B | -1.3% | 50.4% |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $4.5B |
| GROSS PROFIT | $794M |
| 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 | $794M |
| Interest Income | $143M |
| Interest Expense | $640M |
| Other Income/Expenses | -$719M |
| INCOME BEFORE TAX | $75M |
| Income Tax Expense | -$335M |
| Net Income from Continuing Ops | $410M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $410M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $406M |
| D&A | $1.1B |
| EBIT | $715M |
| EBITDA | $1.8B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $4.5B |
| GROSS PROFIT | $794M |
| 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 | $794M |
| Interest Income | $143M |
| Interest Expense | $640M |
| Other Income/Expenses | -$719M |
| INCOME BEFORE TAX | $75M |
| Income Tax Expense | -$335M |
| Net Income from Continuing Ops | $410M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $410M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $406M |
| D&A | $1.1B |
| EBIT | $715M |
| EBITDA | $1.8B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $410M |
| Depreciation & Amortization | $1.1B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$166M |
| Other Non-Cash Items | $160M |
| Change in Working Capital | -$243M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$2.4B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$499M |
| Sales/Maturities of Investments | $609M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$2.3B |
| Net Debt Issuance | $603M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $49M |
| NET CASH FROM FINANCING | $652M |
| FREE CASH FLOW | -$1.1B |
| Net Change in Cash | -$353M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $805M |
| Short-Term Investments | $0 |
| Net Receivables | $9.3B |
| Inventory | $888M |
| Other Current Assets | $1.7B |
| TOTAL CURRENT ASSETS | $12.7B |
| PP&E (Net) | $80.2B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $24.3B |
| TOTAL NON-CURRENT ASSETS | $108.0B |
| TOTAL ASSETS | $120.7B |
| Account Payables | $2.4B |
| Short-Term Debt | $3.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.1B |
| TOTAL CURRENT LIABILITIES | $13.2B |
| Long-Term Debt | $50.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.4B |
| Other Non-Current Liabilities | $29.4B |
| TOTAL NON-CURRENT LIABILITIES | $83.5B |
| TOTAL LIABILITIES | $96.7B |
| Common Stock | $31.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$6.6B |
| Treasury Stock | -$1.3B |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $23.8B |
| Minority Interest | $252M |
| TOTAL EQUITY | $24.0B |
| TOTAL LIABILITIES & EQUITY | $120.7B |
| Total Debt | $55.7B |
| Net Debt | $54.9B |
