| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.2B | $5.5B | $4.7B | -4.0% | 10.5% |
| Op. Income | $638M | $398M | $476M | 60.3% | 34.0% |
| Gross Margin | 12.2% | 7.3% | 10.0% | 4.9pp | 2.1pp |
| Net Margin | 9.1% | -19.9% | 4.3% | 29.0pp | 4.8pp |
| EPS (Diluted) | $0.24 | $-0.55 | $0.12 | 143.6% | 100.0% |
| Free Cash Flow | -$2.0B | -$1.0B | -$2.1B | -96.3% | 5.4% |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $4.6B |
| GROSS PROFIT | $638M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $638M |
| Interest Income | $3M |
| Interest Expense | $396M |
| Other Income/Expenses | -$320M |
| INCOME BEFORE TAX | $318M |
| Income Tax Expense | -$158M |
| Net Income from Continuing Ops | $476M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $476M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $472M |
| D&A | $981M |
| EBIT | $714M |
| EBITDA | $1.7B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $4.6B |
| GROSS PROFIT | $638M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $638M |
| Interest Income | $3M |
| Interest Expense | $396M |
| Other Income/Expenses | -$320M |
| INCOME BEFORE TAX | $318M |
| Income Tax Expense | -$158M |
| Net Income from Continuing Ops | $476M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $476M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $472M |
| D&A | $981M |
| EBIT | $714M |
| EBITDA | $1.7B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $476M |
| Depreciation & Amortization | $981M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $176M |
| Other Non-Cash Items | -$149M |
| Change in Working Capital | -$1.3B |
| OPERATING CASH FLOW | $209M |
| Capital Expenditure | -$2.2B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$515M |
| Sales/Maturities of Investments | $502M |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | -$2.2B |
| Net Debt Issuance | $1.9B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$23M |
| NET CASH FROM FINANCING | $1.9B |
| FREE CASH FLOW | -$2.0B |
| Net Change in Cash | -$124M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $291M |
| Short-Term Investments | $0 |
| Net Receivables | $8.3B |
| Inventory | $596M |
| Other Current Assets | $1.9B |
| TOTAL CURRENT ASSETS | $11.1B |
| PP&E (Net) | $71.1B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $17.4B |
| TOTAL NON-CURRENT ASSETS | $92.3B |
| TOTAL ASSETS | $103.3B |
| Account Payables | $2.9B |
| Short-Term Debt | $6.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.2B |
| TOTAL CURRENT LIABILITIES | $17.4B |
| Long-Term Debt | $38.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $25.6B |
| TOTAL NON-CURRENT LIABILITIES | $64.7B |
| TOTAL LIABILITIES | $82.1B |
| Common Stock | $35.1B |
| Additional Paid-In Capital | $28.3B |
| Retained Earnings | -$9.3B |
| Treasury Stock | -$4.9B |
| Accum. Other Comp. Income | -$20M |
| Other Equity | -$28.5B |
| TOTAL STOCKHOLDERS' EQUITY | $21.0B |
| Minority Interest | $252M |
| TOTAL EQUITY | $21.2B |
| TOTAL LIABILITIES & EQUITY | $103.2B |
| Total Debt | $46.2B |
| Net Debt | $45.9B |
