| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.6B | — | $2.1B | — | 70.0% |
| Op. Income | $489M | — | $259M | — | 89.2% |
| Gross Margin | 13.6% | — | 12.2% | — | 1.4pp |
| Net Margin | 6.9% | — | 7.9% | — | -1.0pp |
| EPS (Diluted) | $0.50 | — | $0.44 | — | 12.1% |
| Free Cash Flow | $310M | — | $241M | — | 28.9% |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $489M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $78M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $489M |
| Interest Income | $23M |
| Interest Expense | $119M |
| Other Income/Expenses | -$175M |
| INCOME BEFORE TAX | $314M |
| Income Tax Expense | $74M |
| Net Income from Continuing Ops | $249M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $249M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $249M |
| D&A | $315M |
| EBIT | $480M |
| EBITDA | $795M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $489M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $78M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $489M |
| Interest Income | $23M |
| Interest Expense | $119M |
| Other Income/Expenses | -$175M |
| INCOME BEFORE TAX | $314M |
| Income Tax Expense | $74M |
| Net Income from Continuing Ops | $249M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $249M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $249M |
| D&A | $315M |
| EBIT | $480M |
| EBITDA | $795M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $249M |
| Depreciation & Amortization | $315M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $674M |
| Change in Working Capital | -$70M |
| OPERATING CASH FLOW | $448M |
| Capital Expenditure | -$138M |
| Acquisitions (Net) | -$233M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$26M |
| NET CASH FROM INVESTING | -$371M |
| Net Debt Issuance | -$111M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$177M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$291M |
| FREE CASH FLOW | $310M |
| Net Change in Cash | -$1.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $1M |
| Net Receivables | $1.2B |
| Inventory | $282M |
| Other Current Assets | $47M |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $1.3B |
| Goodwill | $0 |
| Intangible Assets | $9.6B |
| Long-Term Investments | $266M |
| Tax Assets | $62M |
| Other Non-Current Assets | $249M |
| TOTAL NON-CURRENT ASSETS | $11.4B |
| TOTAL ASSETS | $14.8B |
| Account Payables | $1.6B |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $67M |
| Other Current Liabilities | $236M |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $4.8B |
| Deferred Revenue NC | $438M |
| Deferred Tax Liabilities | $678M |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $6.5B |
| TOTAL LIABILITIES | $9.5B |
| Common Stock | $34M |
| Additional Paid-In Capital | $16M |
| Retained Earnings | $8.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.3B |
| Minority Interest | -$1M |
| TOTAL EQUITY | $5.3B |
| TOTAL LIABILITIES & EQUITY | $14.8B |
| Total Debt | $6.3B |
| Net Debt | $4.4B |
