| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.9B | $6.0B | $6.6B | -0.4% | -9.5% |
| Op. Income | $2.2B | $2.2B | $2.6B | -1.2% | -17.3% |
| Gross Margin | 43.0% | 42.8% | 45.0% | 0.2pp | -2.0pp |
| Net Margin | 25.7% | 26.3% | 28.9% | -0.6pp | -3.1pp |
| EPS (Diluted) | $2.51 | $2.57 | $3.05 | -2.3% | -17.7% |
| Free Cash Flow | $1.2B | $1.2B | $1.9B | -2.7% | -38.1% |
| Item | Amount |
|---|---|
| REVENUE | $5.9B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $378M |
| Other Expenses | $0 |
| Operating Expenses | $378M |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $2.2B |
| Interest Income | $0 |
| Interest Expense | $334M |
| Other Income/Expenses | -$228M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $421M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $589M |
| EBIT | $2.3B |
| EBITDA | $2.9B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $5.9B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $378M |
| Other Expenses | $0 |
| Operating Expenses | $378M |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $2.2B |
| Interest Income | $0 |
| Interest Expense | $334M |
| Other Income/Expenses | -$228M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $421M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $589M |
| EBIT | $2.3B |
| EBITDA | $2.9B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.5B |
| Depreciation & Amortization | $580M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $23M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $2.1B |
| Capital Expenditure | -$975M |
| Acquisitions (Net) | -$45M |
| Purchases of Investments | $91M |
| Sales/Maturities of Investments | -$46M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$976M |
| Net Debt Issuance | -$534M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$792M |
| Other Financing Activities | $114M |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $1.2B |
| Net Change in Cash | -$62M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $750M |
| Short-Term Investments | $16M |
| Net Receivables | $1.9B |
| Inventory | $770M |
| Other Current Assets | $343M |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $57.9B |
| Goodwill | $0 |
| Intangible Assets | $735M |
| Long-Term Investments | $2.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $62.7B |
| TOTAL ASSETS | $66.5B |
| Account Payables | $936M |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $941M |
| TOTAL CURRENT LIABILITIES | $5.3B |
| Long-Term Debt | $31.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $13.1B |
| Other Non-Current Liabilities | $1.7B |
| TOTAL NON-CURRENT LIABILITIES | $47.2B |
| TOTAL LIABILITIES | $52.5B |
| Common Stock | $2.8B |
| Additional Paid-In Capital | $5.2B |
| Retained Earnings | $61.2B |
| Treasury Stock | -$54.7B |
| Accum. Other Comp. Income | -$497M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.0B |
| TOTAL LIABILITIES & EQUITY | $66.5B |
| Total Debt | $34.5B |
| Net Debt | $33.7B |
