| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | — | 3.6% | — |
| Op. Income | $412M | $363M | — | 13.4% | — |
| Gross Margin | 39.9% | 38.4% | — | 1.4pp | — |
| Net Margin | -82.2% | 13.1% | — | -95.2pp | — |
| EPS (Diluted) | $-2.87 | $0.44 | — | -752.3% | — |
| Free Cash Flow | $395M | $194M | — | 104.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $906M |
| GROSS PROFIT | $601M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $188M |
| Other Expenses | $0 |
| Operating Expenses | $188M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $412M |
| Interest Income | $13M |
| Interest Expense | $123M |
| Other Income/Expenses | -$1.7B |
| INCOME BEFORE TAX | -$1.2B |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.2B |
| D&A | $63M |
| EBIT | -$1.1B |
| EBITDA | -$1.1B |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$1.2B |
| Depreciation & Amortization | $63M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $181M |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | $454M |
| Capital Expenditure | -$59M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$48M |
| Net Debt Issuance | -$765M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $569M |
| NET CASH FROM FINANCING | -$196M |
| FREE CASH FLOW | $395M |
| Net Change in Cash | $206M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $0 |
| Net Receivables | $260M |
| Inventory | $53M |
| Other Current Assets | $408M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $5.9B |
| Goodwill | $0 |
| Intangible Assets | $61M |
| Long-Term Investments | $9M |
| Tax Assets | $37M |
| Other Non-Current Assets | $145M |
| TOTAL NON-CURRENT ASSETS | $6.1B |
| TOTAL ASSETS | $8.6B |
| Account Payables | $240M |
| Short-Term Debt | $250M |
| Deferred Revenue | $3.6B |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $4.5B |
| Long-Term Debt | $5.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $3.6B |
| TOTAL NON-CURRENT LIABILITIES | $8.9B |
| TOTAL LIABILITIES | $13.4B |
| Common Stock | $86.0K |
| Additional Paid-In Capital | -$42M |
| Retained Earnings | -$4.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $239.0K |
| Other Equity | $166M |
| TOTAL STOCKHOLDERS' EQUITY | -$4.8B |
| Minority Interest | $3M |
| TOTAL EQUITY | -$4.8B |
| TOTAL LIABILITIES & EQUITY | $8.6B |
| Total Debt | $5.6B |
| Net Debt | $3.9B |
