| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.7B | $2.7B | $3.4B | 1.3% | -19.6% |
| Op. Income | $95M | -$116M | $1.0B | 181.9% | -90.6% |
| Gross Margin | 5.8% | -1.6% | 31.2% | 7.4pp | -25.4pp |
| Net Margin | -8.4% | -13.9% | 13.8% | 5.4pp | -22.2pp |
| EPS (Diluted) | $-1.30 | $-2.12 | $2.49 | 38.7% | -152.2% |
| Free Cash Flow | -$246M | -$53M | -$40M | -364.2% | -515.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $159M |
| R&D Expenses | $10M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $54M |
| Other Expenses | $0 |
| Operating Expenses | $64M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $95M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | -$275M |
| INCOME BEFORE TAX | -$180M |
| Income Tax Expense | $52M |
| Net Income from Continuing Ops | -$232M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$231M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$231M |
| D&A | $153M |
| EBIT | -$154M |
| EBITDA | -$1M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$232M |
| Depreciation & Amortization | $153M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$24M |
| Other Non-Cash Items | $287M |
| Change in Working Capital | -$357M |
| OPERATING CASH FLOW | -$163M |
| Capital Expenditure | -$83M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$20M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$102M |
| Net Debt Issuance | $24M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$18M |
| Other Financing Activities | $34M |
| NET CASH FROM FINANCING | $40M |
| FREE CASH FLOW | -$246M |
| Net Change in Cash | -$223M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $852M |
| Inventory | $2.4B |
| Other Current Assets | $561M |
| TOTAL CURRENT ASSETS | $4.9B |
| PP&E (Net) | $6.4B |
| Goodwill | $145M |
| Intangible Assets | $30M |
| Long-Term Investments | $1.1B |
| Tax Assets | $340M |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $9.4B |
| TOTAL ASSETS | $14.4B |
| Account Payables | $1.5B |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $2.8B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.5B |
| TOTAL NON-CURRENT LIABILITIES | $5.3B |
| TOTAL LIABILITIES | $8.1B |
| Common Stock | $2M |
| Additional Paid-In Capital | $9.2B |
| Retained Earnings | -$819M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $1.6B |
| TOTAL EQUITY | $6.3B |
| TOTAL LIABILITIES & EQUITY | $14.4B |
| Total Debt | $1.8B |
| Net Debt | $669M |
