| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $648M | $748M | $591M | -13.4% | 9.6% |
| Op. Income | $81M | $117M | $112M | -30.8% | -27.7% |
| Gross Margin | 50.5% | 46.9% | 57.2% | 3.5pp | -6.7pp |
| Net Margin | 6.0% | 9.9% | 10.8% | -3.9pp | -4.8pp |
| EPS (Diluted) | $0.39 | $0.80 | $0.72 | -51.2% | -45.8% |
| Free Cash Flow | -$117M | -$313M | $24M | 62.6% | -587.5% |
| Item | Amount |
|---|---|
| REVENUE | $648M |
| Cost of Revenue | $321M |
| GROSS PROFIT | $327M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $91M |
| Other Expenses | $155M |
| Operating Expenses | $246M |
| Cost & Expenses | $567M |
| OPERATING INCOME | $81M |
| Interest Income | $0 |
| Interest Expense | $41M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | $49M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $113M |
| EBIT | $83M |
| EBITDA | $196M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $648M |
| Cost of Revenue | $321M |
| GROSS PROFIT | $327M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $91M |
| Other Expenses | $155M |
| Operating Expenses | $246M |
| Cost & Expenses | $567M |
| OPERATING INCOME | $81M |
| Interest Income | $0 |
| Interest Expense | $41M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | $49M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $113M |
| EBIT | $83M |
| EBITDA | $196M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $39M |
| Depreciation & Amortization | $113M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | $182M |
| Capital Expenditure | -$299M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$298M |
| Net Debt Issuance | $72M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$44M |
| Other Financing Activities | -$75M |
| NET CASH FROM FINANCING | $117M |
| FREE CASH FLOW | -$117M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $310M |
| Inventory | $108M |
| Other Current Assets | $189M |
| TOTAL CURRENT ASSETS | $676M |
| PP&E (Net) | $8.8B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $853M |
| TOTAL NON-CURRENT ASSETS | $9.7B |
| TOTAL ASSETS | $10.4B |
| Account Payables | $227M |
| Short-Term Debt | $140M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $283M |
| TOTAL CURRENT LIABILITIES | $761M |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $452M |
| Other Non-Current Liabilities | $2.2B |
| TOTAL NON-CURRENT LIABILITIES | $6.4B |
| TOTAL LIABILITIES | $7.2B |
| Common Stock | $1.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $10.4B |
| Total Debt | $3.9B |
| Net Debt | $3.9B |
