| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $780M | — | 57.1% | — |
| Op. Income | -$805M | -$42M | — | -1838.2% | — |
| Gross Margin | 37.5% | 30.1% | — | 7.3pp | — |
| Net Margin | -62.6% | -9.9% | — | -52.7pp | — |
| EPS (Diluted) | $-6.16 | $-0.83 | — | -642.2% | — |
| Free Cash Flow | -$147M | -$271M | — | 45.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $766M |
| GROSS PROFIT | $459M |
| R&D Expenses | $33M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.1B |
| Other Expenses | $81M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | -$805M |
| Interest Income | $32M |
| Interest Expense | $86M |
| Other Income/Expenses | -$54M |
| INCOME BEFORE TAX | -$859M |
| Income Tax Expense | -$93M |
| Net Income from Continuing Ops | -$766M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$767M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$767M |
| D&A | $334M |
| EBIT | -$772M |
| EBITDA | -$438M |
| EPS | -$6 |
| EPS Diluted | -$6 |
| Item | Amount |
|---|---|
| Net Income | -$767M |
| Depreciation & Amortization | $334M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $787M |
| Change in Working Capital | -$134M |
| OPERATING CASH FLOW | $219M |
| Capital Expenditure | -$366M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $134M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$231M |
| Net Debt Issuance | -$23M |
| Common Stock Repurchased | -$353.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | -$147M |
| Net Change in Cash | -$24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $0 |
| Net Receivables | $1.4B |
| Inventory | $346M |
| Other Current Assets | $160M |
| TOTAL CURRENT ASSETS | $4.1B |
| PP&E (Net) | $8.1B |
| Goodwill | $1.4B |
| Intangible Assets | $3.1B |
| Long-Term Investments | $0 |
| Tax Assets | $183M |
| Other Non-Current Assets | $250M |
| TOTAL NON-CURRENT ASSETS | $13.0B |
| TOTAL ASSETS | $17.1B |
| Account Payables | $389M |
| Short-Term Debt | $63M |
| Deferred Revenue | $271M |
| Other Current Liabilities | -$478M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $7.2B |
| Deferred Revenue NC | $920M |
| Deferred Tax Liabilities | $1.4B |
| Other Non-Current Liabilities | $347M |
| TOTAL NON-CURRENT LIABILITIES | $10.3B |
| TOTAL LIABILITIES | $11.8B |
| Common Stock | $13.0K |
| Additional Paid-In Capital | $4.8B |
| Retained Earnings | $474M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$37M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.2B |
| Minority Interest | $38M |
| TOTAL EQUITY | $5.2B |
| TOTAL LIABILITIES & EQUITY | $17.1B |
| Total Debt | $7.8B |
| Net Debt | $5.8B |
