| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $473M | — | $525M | — | -9.9% |
| Op. Income | -$18M | — | $37M | — | -148.6% |
| Gross Margin | 20.7% | — | 31.4% | — | -10.7pp |
| Net Margin | 5.5% | — | 7.6% | — | -2.1pp |
| EPS (Diluted) | $0.51 | — | $0.76 | — | -32.9% |
| Free Cash Flow | $151M | — | -$86M | — | 275.6% |
| Item | Amount |
|---|---|
| REVENUE | $473M |
| Cost of Revenue | $375M |
| GROSS PROFIT | $98M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $83M |
| SG&A Expenses | $83M |
| Other Expenses | $21M |
| Operating Expenses | $116M |
| Cost & Expenses | $491M |
| OPERATING INCOME | -$18M |
| Interest Income | $3M |
| Interest Expense | $15M |
| Other Income/Expenses | $22M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | -$24M |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | -$2M |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $77M |
| EBIT | $17M |
| EBITDA | $94M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $77M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$30M |
| Other Non-Cash Items | -$54M |
| Change in Working Capital | $167M |
| OPERATING CASH FLOW | $187M |
| Capital Expenditure | -$36M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | -$16M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | -$20M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$139M |
| FREE CASH FLOW | $151M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $440M |
| Short-Term Investments | $0 |
| Net Receivables | $194M |
| Inventory | $588M |
| Other Current Assets | $143M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $1.5B |
| Goodwill | $1.4B |
| Intangible Assets | $875M |
| Long-Term Investments | $0 |
| Tax Assets | $45M |
| Other Non-Current Assets | $695M |
| TOTAL NON-CURRENT ASSETS | $4.5B |
| TOTAL ASSETS | $5.9B |
| Account Payables | $202M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $414M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $148M |
| Other Non-Current Liabilities | $803M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$450M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $5.9B |
| Total Debt | $1.5B |
| Net Debt | $1.0B |
