| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $766M | $726M | $789M | 5.6% | -2.9% |
| Op. Income | $49M | $32M | $76M | 54.7% | -34.8% |
| Gross Margin | 14.9% | 14.6% | 17.6% | 0.3pp | -2.7pp |
| Net Margin | 3.1% | 2.1% | 6.1% | 0.9pp | -3.1pp |
| EPS (Diluted) | $0.55 | $0.35 | $0.96 | 57.1% | -42.7% |
| Free Cash Flow | $92M | $152M | -$95M | -39.8% | 196.2% |
| Item | Amount |
|---|---|
| REVENUE | $766M |
| Cost of Revenue | $652M |
| GROSS PROFIT | $114M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $65M |
| Other Expenses | $0 |
| Operating Expenses | $65M |
| Cost & Expenses | $717M |
| OPERATING INCOME | $49M |
| Interest Income | $11M |
| Interest Expense | $33M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | $873.0K |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $97M |
| EBIT | $57M |
| EBITDA | $153M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $766M |
| Cost of Revenue | $652M |
| GROSS PROFIT | $114M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $65M |
| Other Expenses | $0 |
| Operating Expenses | $65M |
| Cost & Expenses | $717M |
| OPERATING INCOME | $49M |
| Interest Income | $11M |
| Interest Expense | $33M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | $873.0K |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $97M |
| EBIT | $57M |
| EBITDA | $153M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $23M |
| Depreciation & Amortization | $97M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $55M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $179M |
| Capital Expenditure | -$87M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | -$449M |
| Sales/Maturities of Investments | $503M |
| Other Investing Activities | $21M |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$110M |
| Common Stock Repurchased | -$51M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$159M |
| FREE CASH FLOW | $92M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $125M |
| Short-Term Investments | $694M |
| Net Receivables | $122M |
| Inventory | $127M |
| Other Current Assets | $93M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $5.6B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $313M |
| TOTAL NON-CURRENT ASSETS | $5.9B |
| TOTAL ASSETS | $7.1B |
| Account Payables | $487M |
| Short-Term Debt | $443M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $42M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $2.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $682M |
| Other Non-Current Liabilities | $335M |
| TOTAL NON-CURRENT LIABILITIES | $3.7B |
| TOTAL LIABILITIES | $4.9B |
| Common Stock | $750M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.3B |
| Treasury Stock | -$867M |
| Accum. Other Comp. Income | -$184.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $7.1B |
| Total Debt | $3.2B |
| Net Debt | $3.0B |
