| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.4B | $8.2B | $6.1B | -9.1% | 22.0% |
| Op. Income | $991M | $1.3B | $1.9B | -22.0% | -48.4% |
| Gross Margin | 57.0% | 62.0% | 71.8% | -5.0pp | -14.8pp |
| Net Margin | -1.5% | 9.4% | 46.5% | -10.9pp | -48.1pp |
| EPS (Diluted) | $-0.21 | $1.42 | $5.28 | -114.8% | -104.0% |
| Free Cash Flow | $459M | $289M | $720M | 58.8% | -36.3% |
| Item | Amount |
|---|---|
| REVENUE | $7.4B |
| Cost of Revenue | $3.2B |
| GROSS PROFIT | $4.2B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.8B |
| Other Expenses | $105M |
| Operating Expenses | $3.3B |
| Cost & Expenses | $6.5B |
| OPERATING INCOME | $991M |
| Interest Income | $0 |
| Interest Expense | $824M |
| Other Income/Expenses | -$1.1B |
| INCOME BEFORE TAX | -$68M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | -$113M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$113M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$113M |
| D&A | $1.4B |
| EBIT | $756M |
| EBITDA | $2.2B |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$113M |
| Depreciation & Amortization | $1.4B |
| Stock-Based Compensation | $103M |
| Deferred Income Tax | -$401M |
| Other Non-Cash Items | $393M |
| Change in Working Capital | -$692M |
| OPERATING CASH FLOW | $689M |
| Capital Expenditure | -$230M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $13M |
| NET CASH FROM INVESTING | -$217M |
| Net Debt Issuance | -$410M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.2B |
| Other Financing Activities | -$90M |
| NET CASH FROM FINANCING | -$1.7B |
| FREE CASH FLOW | $459M |
| Net Change in Cash | -$1.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.7B |
| Short-Term Investments | $0 |
| Net Receivables | $6.8B |
| Inventory | $8.7B |
| Other Current Assets | $2.8B |
| TOTAL CURRENT ASSETS | $28.0B |
| PP&E (Net) | $6.0B |
| Goodwill | $18.6B |
| Intangible Assets | $31.4B |
| Long-Term Investments | $4.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.9B |
| TOTAL NON-CURRENT ASSETS | $65.0B |
| TOTAL ASSETS | $93.0B |
| Account Payables | $1.6B |
| Short-Term Debt | $4.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $19.7B |
| Long-Term Debt | $60.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.9B |
| Other Non-Current Liabilities | $6.3B |
| TOTAL NON-CURRENT LIABILITIES | $68.2B |
| TOTAL LIABILITIES | $88.0B |
| Common Stock | $33.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$27.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$190M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $93.0B |
| Total Debt | $64.0B |
| Net Debt | $54.3B |
