| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.8B | $1.4B | -24.0% | -1.4% |
| Op. Income | $102M | $204M | $126M | -49.8% | -18.9% |
| Gross Margin | 31.3% | 31.5% | 33.8% | -0.2pp | -2.5pp |
| Net Margin | 5.6% | 9.4% | 6.8% | -3.8pp | -1.2pp |
| EPS (Diluted) | $1.01 | $2.21 | $1.19 | -54.3% | -15.1% |
| Free Cash Flow | $167M | $179M | $12M | -6.4% | 1343.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $937M |
| GROSS PROFIT | $427M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $325M |
| Other Expenses | $0 |
| Operating Expenses | $325M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $102M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $98M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $76M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $76M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $76M |
| D&A | $29M |
| EBIT | $107M |
| EBITDA | $136M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $937M |
| GROSS PROFIT | $427M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $325M |
| Other Expenses | $0 |
| Operating Expenses | $325M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $102M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $98M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $76M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $76M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $76M |
| D&A | $29M |
| EBIT | $107M |
| EBITDA | $136M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $76M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $42M |
| Change in Working Capital | $83M |
| OPERATING CASH FLOW | $200M |
| Capital Expenditure | -$32M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$128.0K |
| NET CASH FROM INVESTING | -$32M |
| Net Debt Issuance | -$750.0K |
| Common Stock Repurchased | -$122M |
| Common Dividends Paid | -$8M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$137M |
| FREE CASH FLOW | $167M |
| Net Change in Cash | $30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $378M |
| Short-Term Investments | $0 |
| Net Receivables | $14M |
| Inventory | $1.4B |
| Other Current Assets | $68M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $1.6B |
| Goodwill | $862M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $622M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $4.9B |
| Account Payables | $736M |
| Short-Term Debt | $124M |
| Deferred Revenue | $85M |
| Other Current Liabilities | $96M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $484M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $253M |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $726.0K |
| Additional Paid-In Capital | $241M |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $4.9B |
| Total Debt | $1.7B |
| Net Debt | $1.3B |
