| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $922M | $986M | $967M | -6.5% | -4.7% |
| Op. Income | $89M | $80M | $109M | 11.3% | -18.3% |
| Gross Margin | 21.9% | 20.7% | 21.9% | 1.2pp | -0.0pp |
| Net Margin | -0.7% | -33.8% | 14.1% | 33.1pp | -14.7pp |
| EPS (Diluted) | $-0.05 | $-1.54 | $0.61 | 97.0% | -107.5% |
| Free Cash Flow | -$34M | $21M | -$39M | -261.9% | 12.8% |
| Item | Amount |
|---|---|
| REVENUE | $922M |
| Cost of Revenue | $720M |
| GROSS PROFIT | $202M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $111M |
| Operating Expenses | $113M |
| Cost & Expenses | $833M |
| OPERATING INCOME | $89M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | -$97M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $61M |
| EBIT | $29M |
| EBITDA | $90M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $61M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$63M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$22M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$19M |
| FREE CASH FLOW | -$34M |
| Net Change in Cash | -$51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $526M |
| Short-Term Investments | $0 |
| Net Receivables | $804M |
| Inventory | $0 |
| Other Current Assets | $125M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $451M |
| Goodwill | $965M |
| Intangible Assets | $329M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $202M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $3.5B |
| Account Payables | $176M |
| Short-Term Debt | $38M |
| Deferred Revenue | $79M |
| Other Current Liabilities | $252M |
| TOTAL CURRENT LIABILITIES | $842M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $40M |
| Deferred Tax Liabilities | $85M |
| Other Non-Current Liabilities | $172M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.9B |
| Retained Earnings | -$2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$448M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $929M |
| Minority Interest | $0 |
| TOTAL EQUITY | $929M |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $1.5B |
| Net Debt | $1.0B |
