| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.4B | $4.9B | — | -10.1% | — |
| Op. Income | $167M | $278M | — | -39.9% | — |
| Gross Margin | 8.2% | 10.6% | — | -2.4pp | — |
| Net Margin | 0.6% | 4.2% | — | -3.5pp | — |
| EPS (Diluted) | $0.11 | $0.78 | — | -85.9% | — |
| Free Cash Flow | -$773M | $916M | — | -184.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $4.4B |
| Cost of Revenue | $4.0B |
| GROSS PROFIT | $363M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $90M |
| Other Expenses | $106M |
| Operating Expenses | $196M |
| Cost & Expenses | $4.2B |
| OPERATING INCOME | $167M |
| Interest Income | $0 |
| Interest Expense | $115M |
| Other Income/Expenses | -$115M |
| INCOME BEFORE TAX | $52M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $106M |
| EBIT | $167M |
| EBITDA | $272M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.4B |
| Cost of Revenue | $4.0B |
| GROSS PROFIT | $363M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $90M |
| Other Expenses | $106M |
| Operating Expenses | $196M |
| Cost & Expenses | $4.2B |
| OPERATING INCOME | $167M |
| Interest Income | $0 |
| Interest Expense | $115M |
| Other Income/Expenses | -$115M |
| INCOME BEFORE TAX | $52M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $106M |
| EBIT | $167M |
| EBITDA | $272M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $106M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $19M |
| Change in Working Capital | -$825M |
| OPERATING CASH FLOW | -$657M |
| Capital Expenditure | -$116M |
| Acquisitions (Net) | -$83M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $969.0K |
| NET CASH FROM INVESTING | -$198M |
| Net Debt Issuance | -$711M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$25M |
| Other Financing Activities | -$48M |
| NET CASH FROM FINANCING | -$779M |
| FREE CASH FLOW | -$773M |
| Net Change in Cash | -$1.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $296M |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $368M |
| Other Current Assets | $305M |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $2.1B |
| Goodwill | $4.7B |
| Intangible Assets | $1.8B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $678M |
| TOTAL NON-CURRENT ASSETS | $9.3B |
| TOTAL ASSETS | $12.4B |
| Account Payables | $1.1B |
| Short-Term Debt | $42M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.5B |
| Long-Term Debt | $5.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $400M |
| Other Non-Current Liabilities | $501M |
| TOTAL NON-CURRENT LIABILITIES | $7.1B |
| TOTAL LIABILITIES | $9.6B |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.8B |
| Retained Earnings | $79M |
| Treasury Stock | -$994M |
| Accum. Other Comp. Income | -$89M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $8M |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $12.4B |
| Total Debt | $6.3B |
| Net Debt | $6.0B |
