| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $2.6B | $2.9B | 12.9% | -0.7% |
| Op. Income | $669M | $380M | $731M | 75.9% | -8.5% |
| Gross Margin | 36.2% | 29.0% | 36.8% | 7.1pp | -0.6pp |
| Net Margin | 17.6% | 9.9% | 19.5% | 7.7pp | -1.9pp |
| EPS (Diluted) | $1.61 | $0.80 | $1.79 | 101.3% | -10.1% |
| Free Cash Flow | $297M | -$632M | $693M | 146.9% | -57.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $375M |
| Operating Expenses | $375M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $669M |
| Interest Income | $0 |
| Interest Expense | $172M |
| Other Income/Expenses | -$88M |
| INCOME BEFORE TAX | $582M |
| Income Tax Expense | $74M |
| Net Income from Continuing Ops | $508M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $508M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $508M |
| D&A | $306M |
| EBIT | $754M |
| EBITDA | $1.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $375M |
| Operating Expenses | $375M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $669M |
| Interest Income | $0 |
| Interest Expense | $172M |
| Other Income/Expenses | -$88M |
| INCOME BEFORE TAX | $582M |
| Income Tax Expense | $74M |
| Net Income from Continuing Ops | $508M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $508M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $508M |
| D&A | $306M |
| EBIT | $754M |
| EBITDA | $1.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $508M |
| Depreciation & Amortization | $306M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $57M |
| Other Non-Cash Items | -$64M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $796M |
| Capital Expenditure | -$499M |
| Acquisitions (Net) | -$774M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$1.3B |
| Net Debt Issuance | $679M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | -$246M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | $418M |
| FREE CASH FLOW | $297M |
| Net Change in Cash | -$54M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $36M |
| Short-Term Investments | $0 |
| Net Receivables | $1.8B |
| Inventory | $524M |
| Other Current Assets | $281M |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $30.4B |
| Goodwill | $3.1B |
| Intangible Assets | $0 |
| Long-Term Investments | $1.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.6B |
| TOTAL NON-CURRENT ASSETS | $40.0B |
| TOTAL ASSETS | $42.8B |
| Account Payables | $680M |
| Short-Term Debt | $2.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.0B |
| TOTAL CURRENT LIABILITIES | $3.8B |
| Long-Term Debt | $15.8B |
| Deferred Revenue NC | $367M |
| Deferred Tax Liabilities | $4.7B |
| Other Non-Current Liabilities | $6.1B |
| TOTAL NON-CURRENT LIABILITIES | $27.0B |
| TOTAL LIABILITIES | $30.8B |
| Common Stock | $3M |
| Additional Paid-In Capital | $4.1B |
| Retained Earnings | $7.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.7B |
| Minority Interest | $321M |
| TOTAL EQUITY | $12.0B |
| TOTAL LIABILITIES & EQUITY | $42.8B |
| Total Debt | $17.9B |
| Net Debt | $17.9B |
