| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | — | $2.9B | — | -44.3% |
| Op. Income | -$196M | — | $981M | — | -120.0% |
| Gross Margin | 25.7% | — | 52.0% | — | -26.3pp |
| Net Margin | -8.1% | — | 26.4% | — | -34.5pp |
| EPS (Diluted) | $-1.57 | — | $7.63 | — | -120.6% |
| Free Cash Flow | $166M | — | $976M | — | -83.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $414M |
| R&D Expenses | $0 |
| Selling & Marketing | $230M |
| General & Administrative | $90M |
| SG&A Expenses | $320M |
| Other Expenses | $290M |
| Operating Expenses | $610M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | -$196M |
| Interest Income | $14M |
| Interest Expense | $5M |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | -$177M |
| Income Tax Expense | -$46M |
| Net Income from Continuing Ops | -$131M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$131M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$131M |
| D&A | $135M |
| EBIT | -$171M |
| EBITDA | -$36M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$131M |
| Depreciation & Amortization | $135M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$34M |
| Other Non-Cash Items | $92M |
| Change in Working Capital | $210M |
| OPERATING CASH FLOW | $272M |
| Capital Expenditure | -$106M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $11M |
| NET CASH FROM INVESTING | -$95M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$25M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$39M |
| FREE CASH FLOW | $166M |
| Net Change in Cash | $147M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $992M |
| Short-Term Investments | $0 |
| Net Receivables | $568M |
| Inventory | $900M |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $3.9B |
| Goodwill | $0 |
| Intangible Assets | $2.7B |
| Long-Term Investments | $0 |
| Tax Assets | $8M |
| Other Non-Current Assets | $556M |
| TOTAL NON-CURRENT ASSETS | $7.1B |
| TOTAL ASSETS | $9.7B |
| Account Payables | $620M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $92M |
| TOTAL CURRENT LIABILITIES | $724M |
| Long-Term Debt | $499M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $745M |
| Other Non-Current Liabilities | $293M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $2.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $5.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$303M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.4B |
| TOTAL LIABILITIES & EQUITY | $9.7B |
| Total Debt | $533M |
| Net Debt | -$459M |
