| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $311M | $408M | — | -23.8% | — |
| Op. Income | $50M | $96M | — | -48.4% | — |
| Gross Margin | 21.5% | 26.4% | — | -4.9pp | — |
| Net Margin | 6.3% | 17.2% | — | -10.8pp | — |
| EPS (Diluted) | $1.19 | $4.07 | — | -70.7% | — |
| Free Cash Flow | $123M | -$16M | — | 852.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $311M |
| Cost of Revenue | $244M |
| GROSS PROFIT | $67M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $17M |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $17M |
| Cost & Expenses | $261M |
| OPERATING INCOME | $50M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $54M |
| EBIT | $48M |
| EBITDA | $103M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $311M |
| Cost of Revenue | $244M |
| GROSS PROFIT | $67M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $17M |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $17M |
| Cost & Expenses | $261M |
| OPERATING INCOME | $50M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $54M |
| EBIT | $48M |
| EBITDA | $103M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $54M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $14M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $56M |
| OPERATING CASH FLOW | $156M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | $5M |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | -$5M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$32M |
| Net Debt Issuance | -$131M |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$137M |
| FREE CASH FLOW | $123M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $0 |
| Net Receivables | $258M |
| Inventory | $27M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $302M |
| PP&E (Net) | $1.7B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $11M |
| Tax Assets | $331.8K |
| Other Non-Current Assets | $498.4K |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $191M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $203M |
| Long-Term Debt | $705M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $46M |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $808M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $1.7B |
| Additional Paid-In Capital | $54M |
| Retained Earnings | -$861M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $107M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $986M |
| Minority Interest | $0 |
| TOTAL EQUITY | $986M |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $755M |
| Net Debt | $738M |
