| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.2B | $5.1B | — | 1.7% | — |
| Op. Income | -$38M | -$100M | — | 62.0% | — |
| Gross Margin | 5.5% | 3.3% | — | 2.2pp | — |
| Net Margin | -1.3% | -3.0% | — | 1.7pp | — |
| EPS (Diluted) | $-0.14 | $-0.31 | — | 54.8% | — |
| Free Cash Flow | -$40M | $453M | — | -108.8% | — |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $4.9B |
| GROSS PROFIT | $285M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $132M |
| Other Expenses | $191M |
| Operating Expenses | $323M |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | -$38M |
| Interest Income | $0 |
| Interest Expense | $64M |
| Other Income/Expenses | -$23M |
| INCOME BEFORE TAX | -$61M |
| Income Tax Expense | -$8M |
| Net Income from Continuing Ops | -$53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$67M |
| D&A | $230M |
| EBIT | $3M |
| EBITDA | $233M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$67M |
| Depreciation & Amortization | $230M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $196M |
| Change in Working Capital | -$217M |
| OPERATING CASH FLOW | $142M |
| Capital Expenditure | -$182M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$179M |
| Net Debt Issuance | $502M |
| Common Stock Repurchased | -$608M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$25M |
| NET CASH FROM FINANCING | -$131M |
| FREE CASH FLOW | -$40M |
| Net Change in Cash | -$168M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30M |
| Short-Term Investments | $0 |
| Net Receivables | $1.9B |
| Inventory | $4.4B |
| Other Current Assets | $122M |
| TOTAL CURRENT ASSETS | $6.5B |
| PP&E (Net) | $8.8B |
| Goodwill | $1.0B |
| Intangible Assets | $197M |
| Long-Term Investments | $122M |
| Tax Assets | $0 |
| Other Non-Current Assets | $672M |
| TOTAL NON-CURRENT ASSETS | $10.8B |
| TOTAL ASSETS | $17.2B |
| Account Payables | $2.1B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $896M |
| TOTAL CURRENT LIABILITIES | $3.4B |
| Long-Term Debt | $3.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $628M |
| Other Non-Current Liabilities | $2.1B |
| TOTAL NON-CURRENT LIABILITIES | $6.4B |
| TOTAL LIABILITIES | $9.8B |
| Common Stock | $66M |
| Additional Paid-In Capital | $4.9B |
| Retained Earnings | $1.7B |
| Treasury Stock | -$1.0B |
| Accum. Other Comp. Income | $1.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.2B |
| Minority Interest | $241M |
| TOTAL EQUITY | $7.4B |
| TOTAL LIABILITIES & EQUITY | $17.2B |
| Total Debt | $3.7B |
| Net Debt | $3.6B |
