| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.6B | $13.1B | $12.2B | -3.8% | 3.1% |
| Op. Income | $7M | $656M | $438M | -98.9% | -98.4% |
| Gross Margin | 16.1% | 20.1% | 19.3% | -4.0pp | -3.2pp |
| Net Margin | -2.5% | 0.1% | 0.1% | -2.6pp | -2.6pp |
| EPS (Diluted) | $-0.48 | $0.03 | $0.02 | -1700.0% | -2500.0% |
| Free Cash Flow | $1.4B | -$2.2B | $2.8B | 161.8% | -52.1% |
| Item | Amount |
|---|---|
| REVENUE | $12.6B |
| Cost of Revenue | $10.5B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $408M |
| General & Administrative | $0 |
| SG&A Expenses | $408M |
| Other Expenses | $1.6B |
| Operating Expenses | $2.0B |
| Cost & Expenses | $12.6B |
| OPERATING INCOME | $7M |
| Interest Income | $118M |
| Interest Expense | $497M |
| Other Income/Expenses | -$420M |
| INCOME BEFORE TAX | -$413M |
| Income Tax Expense | -$101M |
| Net Income from Continuing Ops | -$312M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$312M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$312M |
| D&A | $470M |
| EBIT | $84M |
| EBITDA | $554M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$312M |
| Depreciation & Amortization | $470M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2.0B |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $2.2B |
| Capital Expenditure | -$824M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.3B |
| Sales/Maturities of Investments | $2.6B |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$1.5B |
| Net Debt Issuance | -$625M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | -$642M |
| FREE CASH FLOW | $1.4B |
| Net Change in Cash | $350M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $604M |
| Short-Term Investments | $7.7B |
| Net Receivables | $2.1B |
| Inventory | $2.5B |
| Other Current Assets | $1.7B |
| TOTAL CURRENT ASSETS | $14.5B |
| PP&E (Net) | $39.1B |
| Goodwill | $4.1B |
| Intangible Assets | $2.0B |
| Long-Term Investments | $0 |
| Tax Assets | $3.0B |
| Other Non-Current Assets | $1.7B |
| TOTAL NON-CURRENT ASSETS | $49.8B |
| TOTAL ASSETS | $64.4B |
| Account Payables | $2.9B |
| Short-Term Debt | $4.1B |
| Deferred Revenue | $12.1B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $25.0B |
| Long-Term Debt | $28.2B |
| Deferred Revenue NC | $6.0B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.2B |
| TOTAL NON-CURRENT LIABILITIES | $44.9B |
| TOTAL LIABILITIES | $69.9B |
| Common Stock | $7M |
| Additional Paid-In Capital | $7.4B |
| Retained Earnings | -$8.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$5.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$5.5B |
| TOTAL LIABILITIES & EQUITY | $64.4B |
| Total Debt | $40.1B |
| Net Debt | $39.5B |
