| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.7B | $1.8B | -2.5% | -5.6% |
| Op. Income | $146M | $183M | $231M | -20.2% | -36.7% |
| Gross Margin | 34.0% | 33.1% | 35.1% | 0.9pp | -1.1pp |
| Net Margin | 3.6% | 5.7% | 6.8% | -2.1pp | -3.2pp |
| EPS (Diluted) | $0.09 | $0.15 | $0.18 | -37.9% | -50.0% |
| Free Cash Flow | $107M | $201M | $192M | -46.8% | -44.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $571M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $424M |
| Other Expenses | $0 |
| Operating Expenses | $424M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $146M |
| Interest Income | $0 |
| Interest Expense | $64M |
| Other Income/Expenses | -$66M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $60M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $60M |
| D&A | $100M |
| EBIT | $145M |
| EBITDA | $245M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $571M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $424M |
| Other Expenses | $0 |
| Operating Expenses | $424M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $146M |
| Interest Income | $0 |
| Interest Expense | $64M |
| Other Income/Expenses | -$66M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $60M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $60M |
| D&A | $100M |
| EBIT | $145M |
| EBITDA | $245M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $60M |
| Depreciation & Amortization | $100M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$18M |
| Other Non-Cash Items | $39M |
| Change in Working Capital | -$52M |
| OPERATING CASH FLOW | $142M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $500.0K |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | -$169M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$130M |
| FREE CASH FLOW | $107M |
| Net Change in Cash | -$29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $235M |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $811M |
| Other Current Assets | $146M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $740M |
| Goodwill | $5.7B |
| Intangible Assets | $3.7B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $368M |
| TOTAL NON-CURRENT ASSETS | $10.4B |
| TOTAL ASSETS | $12.8B |
| Account Payables | $573M |
| Short-Term Debt | $299M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $529M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $601M |
| Other Non-Current Liabilities | $361M |
| TOTAL NON-CURRENT LIABILITIES | $6.0B |
| TOTAL LIABILITIES | $7.4B |
| Common Stock | $3.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$97M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.3B |
| TOTAL LIABILITIES & EQUITY | $12.8B |
| Total Debt | $5.3B |
| Net Debt | $5.1B |
