| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $662M | $794M | — | -16.6% | — |
| Op. Income | $32M | $84M | — | -61.9% | — |
| Gross Margin | 14.2% | 19.8% | — | -5.6pp | — |
| Net Margin | -2.1% | -33.9% | — | 31.8pp | — |
| EPS (Diluted) | $-0.09 | $-1.72 | — | 94.8% | — |
| Free Cash Flow | -$37M | $81M | — | -145.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $662M |
| Cost of Revenue | $568M |
| GROSS PROFIT | $94M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $62M |
| SG&A Expenses | $62M |
| Other Expenses | $0 |
| Operating Expenses | $62M |
| Cost & Expenses | $630M |
| OPERATING INCOME | $32M |
| Interest Income | $4M |
| Interest Expense | $42M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $71M |
| EBIT | $44M |
| EBITDA | $115M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $77M |
| Change in Working Capital | -$54M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$54M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$54M |
| Net Debt Issuance | $137M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$19M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $115M |
| FREE CASH FLOW | -$37M |
| Net Change in Cash | $79M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $246M |
| Short-Term Investments | $0 |
| Net Receivables | $289M |
| Inventory | $1.4B |
| Other Current Assets | $175M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $2.6B |
| Goodwill | $245M |
| Intangible Assets | $245.0K |
| Long-Term Investments | $0 |
| Tax Assets | $923M |
| Other Non-Current Assets | $184M |
| TOTAL NON-CURRENT ASSETS | $3.9B |
| TOTAL ASSETS | $6.0B |
| Account Payables | $370M |
| Short-Term Debt | $43M |
| Deferred Revenue | $11.0K |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $643M |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $143M |
| Other Non-Current Liabilities | $326M |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | $760M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$827M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $43M |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $6.0B |
| Total Debt | $3.0B |
| Net Debt | $2.7B |
