| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.4B | $3.4B | — | 0.1% | — |
| Op. Income | -$197M | -$123M | — | -59.9% | — |
| Gross Margin | 6.0% | 3.4% | — | 2.6pp | — |
| Net Margin | -9.4% | -14.5% | — | 5.1pp | — |
| EPS (Diluted) | $-0.80 | $-1.22 | — | 34.7% | — |
| Free Cash Flow | -$44M | -$743M | — | 94.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $3.2B |
| GROSS PROFIT | $203M |
| R&D Expenses | $23M |
| Selling & Marketing | $106M |
| General & Administrative | $123M |
| SG&A Expenses | $229M |
| Other Expenses | $148M |
| Operating Expenses | $401M |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | -$197M |
| Interest Income | $21M |
| Interest Expense | $54M |
| Other Income/Expenses | -$170M |
| INCOME BEFORE TAX | -$368M |
| Income Tax Expense | -$15M |
| Net Income from Continuing Ops | -$353M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$317M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$317M |
| D&A | $279M |
| EBIT | -$314M |
| EBITDA | -$35M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$317M |
| Depreciation & Amortization | $250M |
| Stock-Based Compensation | $604.4K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $192M |
| Change in Working Capital | $79M |
| OPERATING CASH FLOW | $204M |
| Capital Expenditure | -$248M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | -$240M |
| Net Debt Issuance | $162M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | $170M |
| FREE CASH FLOW | -$44M |
| Net Change in Cash | $111M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.9B |
| Short-Term Investments | $998M |
| Net Receivables | $1.1B |
| Inventory | $2.5B |
| Other Current Assets | $28M |
| TOTAL CURRENT ASSETS | $7.5B |
| PP&E (Net) | $8.5B |
| Goodwill | $438M |
| Intangible Assets | $188M |
| Long-Term Investments | $33M |
| Tax Assets | $1.3B |
| Other Non-Current Assets | $475M |
| TOTAL NON-CURRENT ASSETS | $10.9B |
| TOTAL ASSETS | $18.5B |
| Account Payables | $2.7B |
| Short-Term Debt | $558M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $826M |
| TOTAL CURRENT LIABILITIES | $4.9B |
| Long-Term Debt | $10.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $474M |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $12.9B |
| TOTAL LIABILITIES | $17.8B |
| Common Stock | $1.6B |
| Additional Paid-In Capital | -$98M |
| Retained Earnings | -$552M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$172M |
| Other Equity | $7M |
| TOTAL STOCKHOLDERS' EQUITY | $804M |
| Minority Interest | -$144M |
| TOTAL EQUITY | $661M |
| TOTAL LIABILITIES & EQUITY | $18.5B |
| Total Debt | $12.1B |
| Net Debt | $9.2B |
