| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $508M | — | $548M | — | -7.2% |
| Op. Income | $42M | — | -$1.3B | — | 103.4% |
| Gross Margin | 48.9% | — | 55.9% | — | -7.0pp |
| Net Margin | 6.1% | — | -218.3% | — | 224.4pp |
| EPS (Diluted) | $0.12 | — | $0.34 | — | -64.7% |
| Free Cash Flow | -$93M | — | -$51M | — | -82.0% |
| Item | Amount |
|---|---|
| REVENUE | $508M |
| Cost of Revenue | $260M |
| GROSS PROFIT | $248M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $113M |
| SG&A Expenses | $113M |
| Other Expenses | $93M |
| Operating Expenses | $206M |
| Cost & Expenses | $466M |
| OPERATING INCOME | $42M |
| Interest Income | $479M |
| Interest Expense | $250M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $30M |
| EBIT | $42M |
| EBITDA | $73M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $508M |
| Cost of Revenue | $260M |
| GROSS PROFIT | $248M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $113M |
| SG&A Expenses | $113M |
| Other Expenses | $93M |
| Operating Expenses | $206M |
| Cost & Expenses | $466M |
| OPERATING INCOME | $42M |
| Interest Income | $479M |
| Interest Expense | $250M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $30M |
| EBIT | $42M |
| EBITDA | $73M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $31M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | -$147M |
| OPERATING CASH FLOW | -$88M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $45M |
| Other Investing Activities | $73M |
| NET CASH FROM INVESTING | $107M |
| Net Debt Issuance | -$774M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$17M |
| Other Financing Activities | -$1.5B |
| NET CASH FROM FINANCING | -$2.3B |
| FREE CASH FLOW | -$93M |
| Net Change in Cash | -$2.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.1B |
| Short-Term Investments | $2.3B |
| Net Receivables | $164M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.6B |
| PP&E (Net) | $610M |
| Goodwill | $199M |
| Intangible Assets | $157M |
| Long-Term Investments | $28.1B |
| Tax Assets | $741M |
| Other Non-Current Assets | $691M |
| TOTAL NON-CURRENT ASSETS | $30.5B |
| TOTAL ASSETS | $36.1B |
| Account Payables | $0 |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $28.9B |
| TOTAL CURRENT LIABILITIES | $30.4B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $710M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $32.7B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.8B |
| Retained Earnings | -$497M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$436M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $36.1B |
| Total Debt | $3.1B |
| Net Debt | -$8M |
