| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $385M | $310M | $644M | 24.1% | -40.3% |
| Op. Income | $0 | $176M | $523M | -100.0% | -100.0% |
| Gross Margin | 55.5% | 62.6% | 83.5% | -7.1pp | -28.0pp |
| Net Margin | 10.9% | 30.1% | 30.7% | -19.3pp | -19.9pp |
| EPS (Diluted) | $0.25 | $0.56 | $1.18 | -55.3% | -78.9% |
| Free Cash Flow | -$8M | $5M | $193M | -253.1% | -103.9% |
| Item | Amount |
|---|---|
| REVENUE | $385M |
| Cost of Revenue | $171M |
| GROSS PROFIT | $214M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $194M |
| Operating Expenses | $214M |
| Cost & Expenses | $385M |
| OPERATING INCOME | $0 |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | $50M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $110M |
| EBIT | $65M |
| EBITDA | $175M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $42M |
| Depreciation & Amortization | $167M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$31M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$101M |
| OPERATING CASH FLOW | $87M |
| Capital Expenditure | -$94M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$29M |
| NET CASH FROM INVESTING | -$125M |
| Net Debt Issuance | $21M |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | -$12M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $534.2K |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $0 |
| Short-Term Investments | $0 |
| Net Receivables | $220M |
| Inventory | $20M |
| Other Current Assets | $194M |
| TOTAL CURRENT ASSETS | $480M |
| PP&E (Net) | $4.6B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $50M |
| Tax Assets | $99M |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $4.8B |
| TOTAL ASSETS | $5.2B |
| Account Payables | $269M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $32M |
| TOTAL CURRENT LIABILITIES | $536M |
| Long-Term Debt | $706M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $320M |
| Other Non-Current Liabilities | $829M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $3.1B |
| Additional Paid-In Capital | $28M |
| Retained Earnings | -$335M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $65M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $733M |
| Net Debt | $733M |
