| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $3.1B | $3.1B | -1.1% | -0.1% |
| Op. Income | $210M | $229M | $270M | -8.3% | -22.2% |
| Gross Margin | 39.8% | 40.9% | 41.4% | -1.2pp | -1.6pp |
| Net Margin | -1.6% | 13.2% | -0.0% | -14.8pp | -1.6pp |
| EPS (Diluted) | $-0.39 | $3.18 | $0.23 | -112.3% | -269.6% |
| Free Cash Flow | -$117M | -$122M | $4M | 4.1% | -3025.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $81M |
| Other Expenses | $945M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $210M |
| Interest Income | $0 |
| Interest Expense | $207M |
| Other Income/Expenses | -$204M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$51M |
| D&A | $132M |
| EBIT | $188M |
| EBITDA | $320M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$51M |
| Depreciation & Amortization | $132M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | $57M |
| Change in Working Capital | -$140M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$122M |
| Acquisitions (Net) | $90M |
| Purchases of Investments | -$47M |
| Sales/Maturities of Investments | $61M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | $87M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$44M |
| NET CASH FROM FINANCING | $39M |
| FREE CASH FLOW | -$117M |
| Net Change in Cash | $26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $144M |
| Short-Term Investments | $0 |
| Net Receivables | $2.1B |
| Inventory | $345M |
| Other Current Assets | $124M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $6.0B |
| Goodwill | $4.1B |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $49M |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $11.5B |
| TOTAL ASSETS | $14.6B |
| Account Payables | $712M |
| Short-Term Debt | $177M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $647M |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $11.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $351M |
| Other Non-Current Liabilities | $647M |
| TOTAL NON-CURRENT LIABILITIES | $13.3B |
| TOTAL LIABILITIES | $15.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$3.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.4B |
| Minority Interest | $654M |
| TOTAL EQUITY | -$791M |
| TOTAL LIABILITIES & EQUITY | $14.6B |
| Total Debt | $12.5B |
| Net Debt | $12.3B |
