| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $802M | $648M | $743M | 23.8% | 7.9% |
| Op. Income | $85M | $81M | $92M | 4.9% | -7.6% |
| Gross Margin | 41.3% | 50.5% | 43.5% | -9.2pp | -2.2pp |
| Net Margin | 5.9% | 6.0% | 7.8% | -0.2pp | -1.9pp |
| EPS (Diluted) | $0.46 | $0.39 | $0.65 | 17.9% | -29.2% |
| Free Cash Flow | -$170M | -$117M | -$73M | -45.3% | -132.9% |
| Item | Amount |
|---|---|
| REVENUE | $802M |
| Cost of Revenue | $471M |
| GROSS PROFIT | $331M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $87M |
| Other Expenses | $159M |
| Operating Expenses | $246M |
| Cost & Expenses | $717M |
| OPERATING INCOME | $85M |
| Interest Income | $0 |
| Interest Expense | $42M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | $53M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $116M |
| EBIT | $87M |
| EBITDA | $203M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $802M |
| Cost of Revenue | $471M |
| GROSS PROFIT | $331M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $87M |
| Other Expenses | $159M |
| Operating Expenses | $246M |
| Cost & Expenses | $717M |
| OPERATING INCOME | $85M |
| Interest Income | $0 |
| Interest Expense | $42M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | $53M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $116M |
| EBIT | $87M |
| EBITDA | $203M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $47M |
| Depreciation & Amortization | $116M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $38M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $188M |
| Capital Expenditure | -$358M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$358M |
| Net Debt Issuance | $300M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$47M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $204M |
| FREE CASH FLOW | -$170M |
| Net Change in Cash | $34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $47M |
| Short-Term Investments | $0 |
| Net Receivables | $364M |
| Inventory | $109M |
| Other Current Assets | $159M |
| TOTAL CURRENT ASSETS | $724M |
| PP&E (Net) | $9.1B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $801M |
| TOTAL NON-CURRENT ASSETS | $9.9B |
| TOTAL ASSETS | $10.6B |
| Account Payables | $187M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $308M |
| TOTAL CURRENT LIABILITIES | $636M |
| Long-Term Debt | $3.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $445M |
| Other Non-Current Liabilities | $2.1B |
| TOTAL NON-CURRENT LIABILITIES | $6.7B |
| TOTAL LIABILITIES | $7.3B |
| Common Stock | $1.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $10.6B |
| Total Debt | $4.1B |
| Net Debt | $4.0B |
