| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $2.1B | $399M | -17.6% | 330.8% |
| Op. Income | -$136M | $297M | -$389M | -145.9% | 64.9% |
| Gross Margin | -0.2% | 19.6% | -82.5% | -19.8pp | 82.3pp |
| Net Margin | -6.5% | 12.6% | -94.0% | -19.1pp | 87.5pp |
| EPS (Diluted) | $-0.20 | $0.47 | $-0.65 | -142.5% | 69.6% |
| Free Cash Flow | -$707M | $252M | -$1.2B | -380.2% | 41.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | -$3M |
| R&D Expenses | $0 |
| Selling & Marketing | $134M |
| General & Administrative | $0 |
| SG&A Expenses | $134M |
| Other Expenses | $0 |
| Operating Expenses | $134M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | -$136M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | -$155M |
| Income Tax Expense | -$43M |
| Net Income from Continuing Ops | -$112M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$112M |
| D&A | $226M |
| EBIT | -$127M |
| EBITDA | $99M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$112M |
| Depreciation & Amortization | $226M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$43M |
| Other Non-Cash Items | $28M |
| Change in Working Capital | -$257M |
| OPERATING CASH FLOW | -$155M |
| Capital Expenditure | -$552M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $165M |
| NET CASH FROM INVESTING | -$387M |
| Net Debt Issuance | -$871M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$833M |
| FREE CASH FLOW | -$707M |
| Net Change in Cash | -$1.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.5B |
| Short-Term Investments | $0 |
| Net Receivables | $24M |
| Inventory | $5M |
| Other Current Assets | $985M |
| TOTAL CURRENT ASSETS | $4.5B |
| PP&E (Net) | $10.4B |
| Goodwill | $0 |
| Intangible Assets | $171M |
| Long-Term Investments | $0 |
| Tax Assets | $14M |
| Other Non-Current Assets | $302M |
| TOTAL NON-CURRENT ASSETS | $10.9B |
| TOTAL ASSETS | $15.4B |
| Account Payables | $776M |
| Short-Term Debt | $444M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $56M |
| TOTAL CURRENT LIABILITIES | $3.5B |
| Long-Term Debt | $5.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $271M |
| Other Non-Current Liabilities | $361M |
| TOTAL NON-CURRENT LIABILITIES | $6.1B |
| TOTAL LIABILITIES | $9.6B |
| Common Stock | $8M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $729M |
| Other Equity | $4M |
| TOTAL STOCKHOLDERS' EQUITY | $5.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.8B |
| TOTAL LIABILITIES & EQUITY | $15.4B |
| Total Debt | $6.0B |
| Net Debt | $2.5B |
