| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | — | $3.1B | — | -53.3% |
| Op. Income | -$3M | — | $907M | — | -100.3% |
| Gross Margin | 13.1% | — | 42.2% | — | -29.1pp |
| Net Margin | 13.9% | — | -4.6% | — | 18.5pp |
| EPS (Diluted) | $0.38 | — | $-0.27 | — | 241.2% |
| Free Cash Flow | -$472M | — | $362M | — | -230.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $191M |
| R&D Expenses | $26M |
| Selling & Marketing | $0 |
| General & Administrative | $67M |
| SG&A Expenses | $67M |
| Other Expenses | $100M |
| Operating Expenses | $194M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | -$3M |
| Interest Income | $23M |
| Interest Expense | $13M |
| Other Income/Expenses | $38M |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | $84M |
| Net Income from Continuing Ops | -$49M |
| Net Income from Discontinued Ops | $245M |
| Other Adjustments | $0 |
| NET INCOME | $202M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $202M |
| D&A | $212M |
| EBIT | $31M |
| EBITDA | $243M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $202M |
| Depreciation & Amortization | $387M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $84M |
| Other Non-Cash Items | $17M |
| Change in Working Capital | -$170M |
| OPERATING CASH FLOW | $538M |
| Capital Expenditure | -$1.0B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | $19M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$1.0B |
| Net Debt Issuance | $21M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$48M |
| Other Financing Activities | $167M |
| NET CASH FROM FINANCING | $146M |
| FREE CASH FLOW | -$472M |
| Net Change in Cash | -$314M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $981M |
| Short-Term Investments | $0 |
| Net Receivables | $1.3B |
| Inventory | $2.2B |
| Other Current Assets | $78M |
| TOTAL CURRENT ASSETS | $4.9B |
| PP&E (Net) | $32.1B |
| Goodwill | $816M |
| Intangible Assets | $0 |
| Long-Term Investments | $2.1B |
| Tax Assets | $55M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $35.1B |
| TOTAL ASSETS | $40.0B |
| Account Payables | $3.0B |
| Short-Term Debt | $393M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $632M |
| TOTAL CURRENT LIABILITIES | $4.1B |
| Long-Term Debt | $7.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7.9B |
| TOTAL NON-CURRENT LIABILITIES | $15.2B |
| TOTAL LIABILITIES | $19.3B |
| Common Stock | $4.7B |
| Additional Paid-In Capital | $153M |
| Retained Earnings | $14.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $756M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $19.7B |
| Minority Interest | $954M |
| TOTAL EQUITY | $20.7B |
| TOTAL LIABILITIES & EQUITY | $40.0B |
| Total Debt | $7.8B |
| Net Debt | $6.9B |
