| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.7B | $3.0B | $4.1B | 21.2% | -10.3% |
| Op. Income | $915M | $418M | $924M | 118.9% | -1.0% |
| Gross Margin | 49.5% | 39.1% | 43.9% | 10.3pp | 5.6pp |
| Net Margin | 17.9% | 9.5% | 15.9% | 8.4pp | 2.0pp |
| EPS (Diluted) | $1.19 | $0.52 | $1.18 | 128.8% | 0.8% |
| Free Cash Flow | $257M | -$416M | -$106M | 161.8% | 342.5% |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $896M |
| Operating Expenses | $896M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $915M |
| Interest Income | $0 |
| Interest Expense | $255M |
| Other Income/Expenses | -$219M |
| INCOME BEFORE TAX | $696M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | $656M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $656M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $656M |
| D&A | $653M |
| EBIT | $951M |
| EBITDA | $1.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $896M |
| Operating Expenses | $896M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $915M |
| Interest Income | $0 |
| Interest Expense | $255M |
| Other Income/Expenses | -$219M |
| INCOME BEFORE TAX | $696M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | $656M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $656M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $656M |
| D&A | $653M |
| EBIT | $951M |
| EBITDA | $1.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $656M |
| Depreciation & Amortization | $653M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $19M |
| Other Non-Cash Items | -$32M |
| Change in Working Capital | $597M |
| OPERATING CASH FLOW | $1.9B |
| Capital Expenditure | -$1.6B |
| Acquisitions (Net) | $1.6B |
| Purchases of Investments | -$288M |
| Sales/Maturities of Investments | $279M |
| Other Investing Activities | -$1.6B |
| NET CASH FROM INVESTING | -$1.7B |
| Net Debt Issuance | $345M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$278M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $74M |
| FREE CASH FLOW | $257M |
| Net Change in Cash | $319M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $594M |
| Short-Term Investments | $0 |
| Net Receivables | $2.0B |
| Inventory | $688M |
| Other Current Assets | $1.1B |
| TOTAL CURRENT ASSETS | $4.4B |
| PP&E (Net) | $51.7B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.3B |
| TOTAL NON-CURRENT ASSETS | $58.5B |
| TOTAL ASSETS | $62.9B |
| Account Payables | $1.4B |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $5.1B |
| Long-Term Debt | $24.9B |
| Deferred Revenue NC | $173M |
| Deferred Tax Liabilities | $4.7B |
| Other Non-Current Liabilities | $9.7B |
| TOTAL NON-CURRENT LIABILITIES | $40.5B |
| TOTAL LIABILITIES | $45.6B |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $8.3B |
| Retained Earnings | $7.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$78M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $17.3B |
| TOTAL LIABILITIES & EQUITY | $62.9B |
| Total Debt | $27.1B |
| Net Debt | $26.5B |
