| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $897M | $1.2B | 27.5% | -2.0% |
| Op. Income | $71M | -$7M | $82M | 1078.1% | -12.9% |
| Gross Margin | 60.1% | 65.5% | 57.8% | -5.4pp | 2.3pp |
| Net Margin | 0.6% | -8.6% | 2.1% | 9.2pp | -1.6pp |
| EPS (Diluted) | $0.04 | $-0.42 | $0.12 | 108.4% | -70.7% |
| Free Cash Flow | -$139M | $44M | -$274M | -417.4% | 49.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $456M |
| GROSS PROFIT | $688M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $593M |
| Other Expenses | $0 |
| Operating Expenses | $617M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $71M |
| Interest Income | $0 |
| Interest Expense | $62M |
| Other Income/Expenses | -$60M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $65M |
| EBIT | $73M |
| EBITDA | $138M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $456M |
| GROSS PROFIT | $688M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $593M |
| Other Expenses | $0 |
| Operating Expenses | $617M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $71M |
| Interest Income | $0 |
| Interest Expense | $62M |
| Other Income/Expenses | -$60M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $65M |
| EBIT | $73M |
| EBITDA | $138M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $65M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $31M |
| Change in Working Capital | -$181M |
| OPERATING CASH FLOW | -$73M |
| Capital Expenditure | -$65M |
| Acquisitions (Net) | -$23M |
| Purchases of Investments | -$300.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$89M |
| Net Debt Issuance | $14M |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$139M |
| Net Change in Cash | -$160M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $235M |
| Short-Term Investments | $0 |
| Net Receivables | $503M |
| Inventory | $703M |
| Other Current Assets | $96M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $3.8B |
| Goodwill | $2.0B |
| Intangible Assets | $1.5B |
| Long-Term Investments | $114M |
| Tax Assets | $0 |
| Other Non-Current Assets | $66M |
| TOTAL NON-CURRENT ASSETS | $7.5B |
| TOTAL ASSETS | $9.1B |
| Account Payables | $133M |
| Short-Term Debt | $141M |
| Deferred Revenue | $169M |
| Other Current Liabilities | $315M |
| TOTAL CURRENT LIABILITIES | $875M |
| Long-Term Debt | $2.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $42M |
| Other Non-Current Liabilities | -$1.4B |
| TOTAL NON-CURRENT LIABILITIES | $4.3B |
| TOTAL LIABILITIES | $5.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | $954M |
| Treasury Stock | -$49M |
| Accum. Other Comp. Income | -$52M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $9.1B |
| Total Debt | $5.8B |
| Net Debt | $5.6B |
