| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.3B | $4.6B | $5.1B | -5.3% | -15.4% |
| Op. Income | -$465M | -$259M | -$100M | -79.5% | -365.0% |
| Gross Margin | -6.3% | -2.3% | 3.3% | -4.0pp | -9.6pp |
| Net Margin | -10.3% | -5.3% | -3.0% | -5.0pp | -7.3pp |
| EPS (Diluted) | $-0.92 | $-0.52 | $-0.31 | -76.9% | -196.8% |
| Free Cash Flow | -$677M | -$235M | $453M | -188.1% | -249.4% |
| Item | Amount |
|---|---|
| REVENUE | $4.3B |
| Cost of Revenue | $4.6B |
| GROSS PROFIT | -$273M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $139M |
| Other Expenses | $53M |
| Operating Expenses | $192M |
| Cost & Expenses | $4.8B |
| OPERATING INCOME | -$465M |
| Interest Income | $0 |
| Interest Expense | $135M |
| Other Income/Expenses | -$105M |
| INCOME BEFORE TAX | -$570M |
| Income Tax Expense | -$136M |
| Net Income from Continuing Ops | -$434M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$447M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$447M |
| D&A | $258M |
| EBIT | -$435M |
| EBITDA | -$177M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$447M |
| Depreciation & Amortization | $258M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$195M |
| Other Non-Cash Items | $141M |
| Change in Working Capital | -$229M |
| OPERATING CASH FLOW | -$472M |
| Capital Expenditure | -$205M |
| Acquisitions (Net) | -$2.5B |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$18M |
| NET CASH FROM INVESTING | -$2.7B |
| Net Debt Issuance | $3.3B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$48M |
| NET CASH FROM FINANCING | $3.2B |
| FREE CASH FLOW | -$677M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $54M |
| Short-Term Investments | $0 |
| Net Receivables | $1.6B |
| Inventory | $5.1B |
| Other Current Assets | $183M |
| TOTAL CURRENT ASSETS | $6.9B |
| PP&E (Net) | $9.9B |
| Goodwill | $1.8B |
| Intangible Assets | $1.2B |
| Long-Term Investments | $140M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $14.0B |
| TOTAL ASSETS | $20.9B |
| Account Payables | $2.0B |
| Short-Term Debt | $113M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $754M |
| TOTAL CURRENT LIABILITIES | $3.3B |
| Long-Term Debt | $7.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $858M |
| Other Non-Current Liabilities | $2.2B |
| TOTAL NON-CURRENT LIABILITIES | $10.7B |
| TOTAL LIABILITIES | $14.1B |
| Common Stock | $66M |
| Additional Paid-In Capital | $4.8B |
| Retained Earnings | $979M |
| Treasury Stock | -$676M |
| Accum. Other Comp. Income | $1.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.7B |
| Minority Interest | $233M |
| TOTAL EQUITY | $6.9B |
| TOTAL LIABILITIES & EQUITY | $20.9B |
| Total Debt | $7.8B |
| Net Debt | $7.7B |
