| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $687M | $743M | $608M | -7.5% | 13.0% |
| Op. Income | $87M | $92M | $101M | -5.4% | -13.9% |
| Gross Margin | 46.0% | 43.5% | 53.5% | 2.5pp | -7.5pp |
| Net Margin | 7.4% | 7.8% | 10.9% | -0.4pp | -3.4pp |
| EPS (Diluted) | $0.57 | $0.65 | $0.74 | -12.3% | -23.0% |
| Free Cash Flow | -$125M | -$73M | -$200M | -71.2% | 37.5% |
| Item | Amount |
|---|---|
| REVENUE | $687M |
| Cost of Revenue | $371M |
| GROSS PROFIT | $316M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $72M |
| Other Expenses | $157M |
| Operating Expenses | $229M |
| Cost & Expenses | $600M |
| OPERATING INCOME | $87M |
| Interest Income | $0 |
| Interest Expense | $41M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $54M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $107M |
| EBIT | $98M |
| EBITDA | $205M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $687M |
| Cost of Revenue | $371M |
| GROSS PROFIT | $316M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $72M |
| Other Expenses | $157M |
| Operating Expenses | $229M |
| Cost & Expenses | $600M |
| OPERATING INCOME | $87M |
| Interest Income | $0 |
| Interest Expense | $41M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $54M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $107M |
| EBIT | $98M |
| EBITDA | $205M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $51M |
| Depreciation & Amortization | $107M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$28M |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | $100M |
| Capital Expenditure | -$225M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | -$3M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$230M |
| Net Debt Issuance | $360M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$41M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $277M |
| FREE CASH FLOW | -$125M |
| Net Change in Cash | $147M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $165M |
| Short-Term Investments | $0 |
| Net Receivables | $398M |
| Inventory | $95M |
| Other Current Assets | $483M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $8.2B |
| Goodwill | $0 |
| Intangible Assets | $308M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $762M |
| TOTAL NON-CURRENT ASSETS | $9.2B |
| TOTAL ASSETS | $10.5B |
| Account Payables | $457M |
| Short-Term Debt | $260M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $658M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $3.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $439M |
| Other Non-Current Liabilities | $2.0B |
| TOTAL NON-CURRENT LIABILITIES | $6.2B |
| TOTAL LIABILITIES | $7.7B |
| Common Stock | $1.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $10.5B |
| Total Debt | $4.0B |
| Net Debt | $3.8B |
