| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.1B | $5.6B | $5.0B | -8.8% | 1.3% |
| Op. Income | -$100M | $325M | -$182M | -130.8% | 45.1% |
| Gross Margin | 3.3% | 8.6% | -1.2% | -5.3pp | 4.5pp |
| Net Margin | -3.0% | 4.7% | -4.2% | -7.7pp | 1.2pp |
| EPS (Diluted) | $-0.31 | $0.52 | $-0.40 | -159.6% | 22.5% |
| Free Cash Flow | $453M | $605M | $262M | -25.1% | 72.9% |
| Item | Amount |
|---|---|
| REVENUE | $5.1B |
| Cost of Revenue | $4.9B |
| GROSS PROFIT | $168M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $157M |
| Other Expenses | $111M |
| Operating Expenses | $268M |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | -$100M |
| Interest Income | $0 |
| Interest Expense | $63M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$108M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | -$138M |
| Net Income from Discontinued Ops | -$1M |
| Other Adjustments | $0 |
| NET INCOME | -$155M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | -$154M |
| D&A | $235M |
| EBIT | -$45M |
| EBITDA | $190M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$154M |
| Depreciation & Amortization | $235M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$18M |
| Other Non-Cash Items | $17M |
| Change in Working Capital | $538M |
| OPERATING CASH FLOW | $618M |
| Capital Expenditure | -$165M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $44M |
| NET CASH FROM INVESTING | -$121M |
| Net Debt Issuance | -$291M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$39M |
| NET CASH FROM FINANCING | -$330M |
| FREE CASH FLOW | $453M |
| Net Change in Cash | $167M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $198M |
| Short-Term Investments | $0 |
| Net Receivables | $1.8B |
| Inventory | $4.5B |
| Other Current Assets | $138M |
| TOTAL CURRENT ASSETS | $6.6B |
| PP&E (Net) | $8.9B |
| Goodwill | $1.0B |
| Intangible Assets | $201M |
| Long-Term Investments | $124M |
| Tax Assets | $0 |
| Other Non-Current Assets | $676M |
| TOTAL NON-CURRENT ASSETS | $10.9B |
| TOTAL ASSETS | $17.5B |
| Account Payables | $2.1B |
| Short-Term Debt | $90M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $808M |
| TOTAL CURRENT LIABILITIES | $3.5B |
| Long-Term Debt | $3.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $639M |
| Other Non-Current Liabilities | $1.8B |
| TOTAL NON-CURRENT LIABILITIES | $5.9B |
| TOTAL LIABILITIES | $9.4B |
| Common Stock | $66M |
| Additional Paid-In Capital | $4.9B |
| Retained Earnings | $1.7B |
| Treasury Stock | -$430M |
| Accum. Other Comp. Income | $1.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.9B |
| Minority Interest | $235M |
| TOTAL EQUITY | $8.1B |
| TOTAL LIABILITIES & EQUITY | $17.5B |
| Total Debt | $3.6B |
| Net Debt | $3.4B |
