| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $794M | $708M | $945M | 12.1% | -16.0% |
| Op. Income | $84M | $62M | $190M | 35.5% | -55.8% |
| Gross Margin | 19.8% | 18.8% | 27.8% | 1.0pp | -8.1pp |
| Net Margin | -33.9% | 3.2% | 39.7% | -37.1pp | -73.6pp |
| EPS (Diluted) | $-1.72 | $0.15 | $2.37 | -1246.7% | -172.6% |
| Free Cash Flow | $81M | -$172M | -$67M | 147.1% | 220.9% |
| Item | Amount |
|---|---|
| REVENUE | $794M |
| Cost of Revenue | $637M |
| GROSS PROFIT | $157M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $73M |
| SG&A Expenses | $73M |
| Other Expenses | $0 |
| Operating Expenses | $73M |
| Cost & Expenses | $710M |
| OPERATING INCOME | $84M |
| Interest Income | $3M |
| Interest Expense | $38M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $53M |
| Income Tax Expense | $322M |
| Net Income from Continuing Ops | -$269M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$269M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$269M |
| D&A | $71M |
| EBIT | $91M |
| EBITDA | $162M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$269M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $311M |
| Other Non-Cash Items | $80M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $136M |
| Capital Expenditure | -$55M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$54M |
| Net Debt Issuance | $20M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$48M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$28M |
| FREE CASH FLOW | $81M |
| Net Change in Cash | $52M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $167M |
| Short-Term Investments | $0 |
| Net Receivables | $372M |
| Inventory | $1.4B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $2.6B |
| Goodwill | $0 |
| Intangible Assets | $246M |
| Long-Term Investments | $0 |
| Tax Assets | $929M |
| Other Non-Current Assets | $208M |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $6.1B |
| Account Payables | $437M |
| Short-Term Debt | $226M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $113M |
| TOTAL CURRENT LIABILITIES | $940M |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $142M |
| Other Non-Current Liabilities | $329M |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | $794M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$809M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $45M |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $6.1B |
| Total Debt | $2.8B |
| Net Debt | $2.6B |
