| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.9B | $5.3B | $5.4B | 11.3% | 9.2% |
| Op. Income | $715M | $794M | $735M | -9.9% | -2.7% |
| Gross Margin | 12.1% | 15.0% | 13.6% | -2.9pp | -1.5pp |
| Net Margin | 6.0% | 7.8% | 8.5% | -1.8pp | -2.5pp |
| EPS (Diluted) | $0.16 | $0.19 | $0.21 | -15.8% | -23.8% |
| Free Cash Flow | -$611M | -$1.1B | -$1.8B | 45.3% | 66.0% |
| Item | Amount |
|---|---|
| REVENUE | $5.9B |
| Cost of Revenue | $5.2B |
| GROSS PROFIT | $715M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $715M |
| Interest Income | $154M |
| Interest Expense | $682M |
| Other Income/Expenses | -$780M |
| INCOME BEFORE TAX | -$65M |
| Income Tax Expense | -$416M |
| Net Income from Continuing Ops | $351M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $351M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $348M |
| D&A | $1.0B |
| EBIT | $617M |
| EBITDA | $1.6B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $351M |
| Depreciation & Amortization | $1.0B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$241M |
| Other Non-Cash Items | $505M |
| Change in Working Capital | $165M |
| OPERATING CASH FLOW | $1.8B |
| Capital Expenditure | -$2.4B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$500M |
| Sales/Maturities of Investments | $626M |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$2.3B |
| Net Debt Issuance | $439M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$58M |
| NET CASH FROM FINANCING | $381M |
| FREE CASH FLOW | -$611M |
| Net Change in Cash | -$100M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $589M |
| Short-Term Investments | $0 |
| Net Receivables | $9.6B |
| Inventory | $888M |
| Other Current Assets | $1.7B |
| TOTAL CURRENT ASSETS | $12.8B |
| PP&E (Net) | $81.7B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $25.1B |
| TOTAL NON-CURRENT ASSETS | $110.2B |
| TOTAL ASSETS | $123.0B |
| Account Payables | $2.7B |
| Short-Term Debt | $4.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.0B |
| TOTAL CURRENT LIABILITIES | $15.2B |
| Long-Term Debt | $50.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.2B |
| Other Non-Current Liabilities | $29.8B |
| TOTAL NON-CURRENT LIABILITIES | $83.5B |
| TOTAL LIABILITIES | $98.6B |
| Common Stock | $31.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$6.2B |
| Treasury Stock | -$688M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24.1B |
| Minority Interest | $252M |
| TOTAL EQUITY | $24.4B |
| TOTAL LIABILITIES & EQUITY | $123.0B |
| Total Debt | $56.0B |
| Net Debt | $55.4B |
