| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.8B | $1.5B | -22.1% | -7.2% |
| Op. Income | $73M | $159M | $69M | -53.9% | 6.4% |
| Gross Margin | 14.8% | 15.9% | 13.2% | -1.2pp | 1.6pp |
| Net Margin | 4.3% | 6.7% | 3.1% | -2.4pp | 1.2pp |
| EPS (Diluted) | $0.24 | $0.48 | $0.18 | -50.0% | 33.3% |
| Free Cash Flow | $66M | $336M | $78M | -80.3% | -14.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $202M |
| R&D Expenses | $38M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $90M |
| Other Expenses | $0 |
| Operating Expenses | $129M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $73M |
| Interest Income | $17M |
| Interest Expense | $16M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $72M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $60M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $59M |
| D&A | $145M |
| EBIT | $73M |
| EBITDA | $218M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $202M |
| R&D Expenses | $38M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $90M |
| Other Expenses | $0 |
| Operating Expenses | $129M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $73M |
| Interest Income | $17M |
| Interest Expense | $16M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $72M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $60M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $59M |
| D&A | $145M |
| EBIT | $73M |
| EBITDA | $218M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $59M |
| Depreciation & Amortization | $145M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$56M |
| OPERATING CASH FLOW | $162M |
| Capital Expenditure | -$96M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | -$136M |
| Sales/Maturities of Investments | $138M |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$86M |
| Net Debt Issuance | -$49M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$19M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$70M |
| FREE CASH FLOW | $66M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $455M |
| Net Receivables | $1.1B |
| Inventory | $331M |
| Other Current Assets | $47M |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $3.5B |
| Goodwill | $19M |
| Intangible Assets | $0 |
| Long-Term Investments | $781.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $146M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $618M |
| Short-Term Debt | $193M |
| Deferred Revenue | $67M |
| Other Current Liabilities | $299M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $207M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $292.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $2.2B |
| Treasury Stock | -$224M |
| Accum. Other Comp. Income | $7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $33M |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $1.3B |
| Net Debt | $219M |
