| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.4B | $3.7B | $4.1B | -6.0% | -15.1% |
| Op. Income | $575M | $915M | $525M | -37.2% | 9.5% |
| Gross Margin | 44.4% | 49.5% | 33.8% | -5.1pp | 10.6pp |
| Net Margin | 11.9% | 17.9% | 9.4% | -6.0pp | 2.5pp |
| EPS (Diluted) | $0.74 | $1.19 | $0.69 | -37.8% | 7.2% |
| Free Cash Flow | -$640M | $257M | -$548M | -349.0% | -16.8% |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $953M |
| Operating Expenses | $953M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $575M |
| Interest Income | $0 |
| Interest Expense | $265M |
| Other Income/Expenses | -$211M |
| INCOME BEFORE TAX | $364M |
| Income Tax Expense | -$45M |
| Net Income from Continuing Ops | $409M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $409M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $409M |
| D&A | $659M |
| EBIT | $638M |
| EBITDA | $1.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $953M |
| Operating Expenses | $953M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $575M |
| Interest Income | $0 |
| Interest Expense | $265M |
| Other Income/Expenses | -$211M |
| INCOME BEFORE TAX | $364M |
| Income Tax Expense | -$45M |
| Net Income from Continuing Ops | $409M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $409M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $409M |
| D&A | $659M |
| EBIT | $638M |
| EBITDA | $1.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $409M |
| Depreciation & Amortization | $641M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $114M |
| Other Non-Cash Items | -$50M |
| Change in Working Capital | -$148M |
| OPERATING CASH FLOW | $974M |
| Capital Expenditure | -$1.6B |
| Acquisitions (Net) | -$3.0B |
| Purchases of Investments | -$290M |
| Sales/Maturities of Investments | $281M |
| Other Investing Activities | $3.0B |
| NET CASH FROM INVESTING | -$1.6B |
| Net Debt Issuance | $284M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$278M |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $195M |
| FREE CASH FLOW | -$640M |
| Net Change in Cash | -$465M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $129M |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $711M |
| Other Current Assets | $1.0B |
| TOTAL CURRENT ASSETS | $4.1B |
| PP&E (Net) | $52.9B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.6B |
| TOTAL NON-CURRENT ASSETS | $60.0B |
| TOTAL ASSETS | $64.1B |
| Account Payables | $1.7B |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $5.7B |
| Long-Term Debt | $24.9B |
| Deferred Revenue NC | $167M |
| Deferred Tax Liabilities | $4.9B |
| Other Non-Current Liabilities | $9.7B |
| TOTAL NON-CURRENT LIABILITIES | $40.8B |
| TOTAL LIABILITIES | $46.5B |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $8.5B |
| Retained Earnings | $7.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$94M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $17.6B |
| TOTAL LIABILITIES & EQUITY | $64.1B |
| Total Debt | $27.5B |
| Net Debt | $27.4B |
