| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $1.8B | $2.0B | 7.0% | -2.3% |
| Op. Income | $472M | $425M | $404M | 11.0% | 16.8% |
| Gross Margin | 43.6% | 43.8% | 37.1% | -0.2pp | 6.5pp |
| Net Margin | 16.2% | 15.8% | 15.1% | 0.3pp | 1.1pp |
| EPS (Diluted) | $1.00 | $0.92 | $0.96 | 8.7% | 4.2% |
| Free Cash Flow | $128M | $384M | -$375M | -66.6% | 134.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $853M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $381M |
| Operating Expenses | $381M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $472M |
| Interest Income | $0 |
| Interest Expense | $183M |
| Other Income/Expenses | -$96M |
| INCOME BEFORE TAX | $376M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $316M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $316M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $316M |
| D&A | $320M |
| EBIT | $559M |
| EBITDA | $879M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $853M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $381M |
| Operating Expenses | $381M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $472M |
| Interest Income | $0 |
| Interest Expense | $183M |
| Other Income/Expenses | -$96M |
| INCOME BEFORE TAX | $376M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $316M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $316M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $316M |
| D&A | $320M |
| EBIT | $559M |
| EBITDA | $879M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $316M |
| Depreciation & Amortization | $320M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $43M |
| Other Non-Cash Items | -$37M |
| Change in Working Capital | $142M |
| OPERATING CASH FLOW | $784M |
| Capital Expenditure | -$656M |
| Acquisitions (Net) | -$18M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$670M |
| Net Debt Issuance | $139M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$246M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$113M |
| FREE CASH FLOW | $128M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $46M |
| Short-Term Investments | $0 |
| Net Receivables | $1.2B |
| Inventory | $750M |
| Other Current Assets | $206M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $31.5B |
| Goodwill | $3.1B |
| Intangible Assets | $0 |
| Long-Term Investments | $2.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.5B |
| TOTAL NON-CURRENT ASSETS | $41.0B |
| TOTAL ASSETS | $43.4B |
| Account Payables | $868M |
| Short-Term Debt | $2.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $944M |
| TOTAL CURRENT LIABILITIES | $4.1B |
| Long-Term Debt | $16.0B |
| Deferred Revenue NC | $360M |
| Deferred Tax Liabilities | $4.8B |
| Other Non-Current Liabilities | $6.1B |
| TOTAL NON-CURRENT LIABILITIES | $27.3B |
| TOTAL LIABILITIES | $31.3B |
| Common Stock | $3M |
| Additional Paid-In Capital | $4.1B |
| Retained Earnings | $7.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.8B |
| Minority Interest | $317M |
| TOTAL EQUITY | $12.1B |
| TOTAL LIABILITIES & EQUITY | $43.4B |
| Total Debt | $18.2B |
| Net Debt | $18.2B |
