| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $742M | $761M | $831M | -2.4% | -10.7% |
| Op. Income | $20M | $2M | $53M | 846.9% | -63.1% |
| Gross Margin | 32.0% | 29.2% | 33.2% | 2.8pp | -1.2pp |
| Net Margin | 1.5% | 5.9% | 3.2% | -4.4pp | -1.6pp |
| EPS (Diluted) | $0.17 | $0.66 | $0.34 | -74.2% | -50.0% |
| Free Cash Flow | $8M | $150M | -$53M | -94.6% | 115.4% |
| Item | Amount |
|---|---|
| REVENUE | $742M |
| Cost of Revenue | $504M |
| GROSS PROFIT | $238M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $218M |
| Operating Expenses | $218M |
| Cost & Expenses | $722M |
| OPERATING INCOME | $20M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $17M |
| EBIT | $19M |
| EBITDA | $36M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $742M |
| Cost of Revenue | $504M |
| GROSS PROFIT | $238M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $218M |
| Operating Expenses | $218M |
| Cost & Expenses | $722M |
| OPERATING INCOME | $20M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $17M |
| EBIT | $19M |
| EBITDA | $36M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | -$110M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$124M |
| Net Debt Issuance | $109M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$3M |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | $94M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $51M |
| Short-Term Investments | $0 |
| Net Receivables | $100M |
| Inventory | $637M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $832M |
| PP&E (Net) | $929M |
| Goodwill | $135M |
| Intangible Assets | $75M |
| Long-Term Investments | $66M |
| Tax Assets | $50M |
| Other Non-Current Assets | $47M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $289M |
| Short-Term Debt | $0 |
| Deferred Revenue | $48M |
| Other Current Liabilities | $42M |
| TOTAL CURRENT LIABILITIES | $642M |
| Long-Term Debt | $390M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $1.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $90M |
| Treasury Stock | -$663M |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $440M |
| Minority Interest | $3M |
| TOTAL EQUITY | $443M |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $1.2B |
| Net Debt | $1.2B |
