| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.6B | $7.3B | $7.7B | 18.1% | 11.9% |
| Op. Income | -$1.9B | $302M | $618M | -726.8% | -405.9% |
| Gross Margin | 32.2% | 29.8% | 31.0% | 2.4pp | 1.2pp |
| Net Margin | -19.8% | 2.9% | 5.9% | -22.7pp | -25.6pp |
| EPS (Diluted) | $-7.85 | $0.97 | $2.04 | -909.3% | -484.8% |
| Free Cash Flow | $470M | -$36M | $553M | 1422.8% | -15.1% |
| Item | Amount |
|---|---|
| REVENUE | $8.6B |
| Cost of Revenue | $5.9B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.6B |
| Other Expenses | $1.1B |
| Operating Expenses | $4.7B |
| Cost & Expenses | $10.5B |
| OPERATING INCOME | -$1.9B |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | -$1.9B |
| Income Tax Expense | -$207M |
| Net Income from Continuing Ops | -$1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.7B |
| D&A | $226M |
| EBIT | -$1.9B |
| EBITDA | -$1.7B |
| EPS | -$8 |
| EPS Diluted | -$8 |
| Item | Amount |
|---|---|
| Net Income | -$1.7B |
| Depreciation & Amortization | $226M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | -$322M |
| Other Non-Cash Items | $2.5B |
| Change in Working Capital | $536M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$785M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$785M |
| Net Debt Issuance | -$229M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$228M |
| FREE CASH FLOW | $470M |
| Net Change in Cash | $242M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $425M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $2.5B |
| Other Current Assets | $3.2B |
| TOTAL CURRENT ASSETS | $6.1B |
| PP&E (Net) | $7.5B |
| Goodwill | $423M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $9M |
| Other Non-Current Assets | $8.0B |
| TOTAL NON-CURRENT ASSETS | $15.9B |
| TOTAL ASSETS | $22.0B |
| Account Payables | $1.2B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.4B |
| TOTAL CURRENT LIABILITIES | $4.7B |
| Long-Term Debt | $3.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $841M |
| Other Non-Current Liabilities | $2.7B |
| TOTAL NON-CURRENT LIABILITIES | $10.0B |
| TOTAL LIABILITIES | $14.7B |
| Common Stock | $2M |
| Additional Paid-In Capital | $230M |
| Retained Earnings | $7.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$44M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.3B |
| TOTAL LIABILITIES & EQUITY | $22.0B |
| Total Debt | $7.4B |
| Net Debt | $6.9B |
