| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $612M | $672M | — | -9.0% | — |
| Op. Income | $118M | $226M | — | -47.9% | — |
| Gross Margin | 21.5% | 37.5% | — | -16.0pp | — |
| Net Margin | -74.8% | 13.8% | — | -88.6pp | — |
| EPS (Diluted) | $-0.55 | $0.11 | — | -600.0% | — |
| Free Cash Flow | $175M | $21M | — | 715.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $612M |
| Cost of Revenue | $480M |
| GROSS PROFIT | $131M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $14M |
| Cost & Expenses | $494M |
| OPERATING INCOME | $118M |
| Interest Income | $0 |
| Interest Expense | $44M |
| Other Income/Expenses | -$701M |
| INCOME BEFORE TAX | -$583M |
| Income Tax Expense | -$125M |
| Net Income from Continuing Ops | -$457M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$457M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$457M |
| D&A | $287M |
| EBIT | $118M |
| EBITDA | $405M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$457M |
| Depreciation & Amortization | $904M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$134M |
| Other Non-Cash Items | $45M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | $347M |
| Capital Expenditure | -$172M |
| Acquisitions (Net) | $117M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$46M |
| NET CASH FROM INVESTING | -$101M |
| Net Debt Issuance | -$128M |
| Common Stock Repurchased | -$97M |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $16M |
| NET CASH FROM FINANCING | -$222M |
| FREE CASH FLOW | $175M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $41M |
| Short-Term Investments | $0 |
| Net Receivables | $247M |
| Inventory | $17M |
| Other Current Assets | $730.8K |
| TOTAL CURRENT ASSETS | $322M |
| PP&E (Net) | $4.9B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $156M |
| Other Non-Current Assets | $45M |
| TOTAL NON-CURRENT ASSETS | $5.1B |
| TOTAL ASSETS | $5.5B |
| Account Payables | $349M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $49M |
| TOTAL CURRENT LIABILITIES | $408M |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $16M |
| Other Non-Current Liabilities | $460M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $4.8B |
| Additional Paid-In Capital | $141M |
| Retained Earnings | -$2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $505M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $5.5B |
| Total Debt | $1.8B |
| Net Debt | $1.7B |
