| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.6B | $2.2B | -12.6% | 1.6% |
| Op. Income | -$166M | $32M | -$186M | -618.8% | 10.8% |
| Gross Margin | 13.8% | 18.9% | 12.8% | -5.1pp | 1.0pp |
| Net Margin | -5.9% | -0.1% | -6.5% | -5.8pp | 0.6pp |
| EPS (Diluted) | $-1.05 | $-0.02 | $-1.11 | -6587.9% | 5.4% |
| Free Cash Flow | $235M | -$556M | $98M | 142.3% | 139.8% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $307M |
| R&D Expenses | $0 |
| Selling & Marketing | $77M |
| General & Administrative | $0 |
| SG&A Expenses | $77M |
| Other Expenses | $396M |
| Operating Expenses | $473M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | -$166M |
| Interest Income | $17M |
| Interest Expense | $29M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$178M |
| Income Tax Expense | -$46M |
| Net Income from Continuing Ops | -$132M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$132M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$132M |
| D&A | $126M |
| EBIT | -$145M |
| EBITDA | -$19M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$132M |
| Depreciation & Amortization | $126M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$47M |
| Other Non-Cash Items | $23M |
| Change in Working Capital | $303M |
| OPERATING CASH FLOW | $292M |
| Capital Expenditure | -$57M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | $133M |
| Other Investing Activities | $255M |
| NET CASH FROM INVESTING | $318M |
| Net Debt Issuance | $47M |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$32M |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $235M |
| Net Change in Cash | $605M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $885M |
| Short-Term Investments | $1.4B |
| Net Receivables | $384M |
| Inventory | $104M |
| Other Current Assets | $186M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $9.4B |
| Goodwill | $0 |
| Intangible Assets | $2.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $283M |
| TOTAL NON-CURRENT ASSETS | $11.7B |
| TOTAL ASSETS | $14.8B |
| Account Payables | $181M |
| Short-Term Debt | $301M |
| Deferred Revenue | $2.9B |
| Other Current Liabilities | $791M |
| TOTAL CURRENT LIABILITIES | $4.8B |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $1.3B |
| Deferred Tax Liabilities | $649M |
| Other Non-Current Liabilities | $676M |
| TOTAL NON-CURRENT LIABILITIES | $6.0B |
| TOTAL LIABILITIES | $10.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $707M |
| Retained Earnings | $4.4B |
| Treasury Stock | -$840M |
| Accum. Other Comp. Income | -$294M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $14.8B |
| Total Debt | $3.8B |
| Net Debt | $2.9B |
