| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $748M | $687M | $626M | 8.9% | 19.5% |
| Op. Income | $117M | $87M | $106M | 34.5% | 10.4% |
| Gross Margin | 46.9% | 46.0% | 53.4% | 0.9pp | -6.4pp |
| Net Margin | 9.9% | 7.4% | 9.6% | 2.5pp | 0.3pp |
| EPS (Diluted) | $0.80 | $0.57 | $0.67 | 40.4% | 19.4% |
| Free Cash Flow | -$313M | -$125M | $82M | -150.4% | -481.7% |
| Item | Amount |
|---|---|
| REVENUE | $748M |
| Cost of Revenue | $397M |
| GROSS PROFIT | $351M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $78M |
| Other Expenses | $156M |
| Operating Expenses | $234M |
| Cost & Expenses | $631M |
| OPERATING INCOME | $117M |
| Interest Income | $0 |
| Interest Expense | $44M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $88M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $111M |
| EBIT | $119M |
| EBITDA | $230M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $748M |
| Cost of Revenue | $397M |
| GROSS PROFIT | $351M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $78M |
| Other Expenses | $156M |
| Operating Expenses | $234M |
| Cost & Expenses | $631M |
| OPERATING INCOME | $117M |
| Interest Income | $0 |
| Interest Expense | $44M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $88M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $111M |
| EBIT | $119M |
| EBITDA | $230M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $74M |
| Depreciation & Amortization | $111M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$235M |
| OPERATING CASH FLOW | -$39M |
| Capital Expenditure | -$274M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$276M |
| Net Debt Issuance | -$160M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$40M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $162M |
| FREE CASH FLOW | -$313M |
| Net Change in Cash | -$153M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $0 |
| Net Receivables | $362M |
| Inventory | $95M |
| Other Current Assets | $208M |
| TOTAL CURRENT ASSETS | $766M |
| PP&E (Net) | $8.6B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $774M |
| TOTAL NON-CURRENT ASSETS | $9.4B |
| TOTAL ASSETS | $10.2B |
| Account Payables | $242M |
| Short-Term Debt | $68M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $323M |
| TOTAL CURRENT LIABILITIES | $751M |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $447M |
| Other Non-Current Liabilities | $2.1B |
| TOTAL NON-CURRENT LIABILITIES | $6.3B |
| TOTAL LIABILITIES | $7.0B |
| Common Stock | $1.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $10.2B |
| Total Debt | $3.9B |
| Net Debt | $3.9B |
