| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.4B | $2.3B | 1.4% | 8.1% |
| Op. Income | $551M | $794M | $173M | -30.6% | 218.5% |
| Gross Margin | 33.9% | 44.3% | 21.8% | -10.4pp | 12.1pp |
| Net Margin | 5.7% | 24.4% | 5.0% | -18.8pp | 0.6pp |
| EPS (Diluted) | $0.28 | $1.18 | $0.23 | -76.3% | 21.7% |
| Free Cash Flow | -$229M | -$133M | -$452M | -72.2% | 49.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $833M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $282M |
| Operating Expenses | $282M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $551M |
| Interest Income | $27M |
| Interest Expense | $185M |
| Other Income/Expenses | -$486M |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | -$74M |
| Net Income from Continuing Ops | $139M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $139M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $139M |
| D&A | $332M |
| EBIT | $250M |
| EBITDA | $582M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $833M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $282M |
| Operating Expenses | $282M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $551M |
| Interest Income | $27M |
| Interest Expense | $185M |
| Other Income/Expenses | -$486M |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | -$74M |
| Net Income from Continuing Ops | $139M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $139M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $139M |
| D&A | $332M |
| EBIT | $250M |
| EBITDA | $582M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $139M |
| Depreciation & Amortization | $332M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$84M |
| Other Non-Cash Items | $296M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $687M |
| Capital Expenditure | -$916M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$911M |
| Net Debt Issuance | $73M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$284M |
| Other Financing Activities | -$62M |
| NET CASH FROM FINANCING | -$273M |
| FREE CASH FLOW | -$229M |
| Net Change in Cash | -$497M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $57M |
| Short-Term Investments | $0 |
| Net Receivables | $1.6B |
| Inventory | $970M |
| Other Current Assets | $369M |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $37.6B |
| Goodwill | $0 |
| Intangible Assets | $23M |
| Long-Term Investments | $2.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.8B |
| TOTAL NON-CURRENT ASSETS | $46.3B |
| TOTAL ASSETS | $49.6B |
| Account Payables | $1.1B |
| Short-Term Debt | $2.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $5.2B |
| Long-Term Debt | $17.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6.5B |
| Other Non-Current Liabilities | $5.5B |
| TOTAL NON-CURRENT LIABILITIES | $29.2B |
| TOTAL LIABILITIES | $34.4B |
| Common Stock | $5.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $11.8B |
| Treasury Stock | -$1.4B |
| Accum. Other Comp. Income | -$213M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $15.2B |
| TOTAL LIABILITIES & EQUITY | $49.6B |
| Total Debt | $19.9B |
| Net Debt | $19.9B |
