| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $569M | $820M | $612M | -30.6% | -7.0% |
| Op. Income | $25M | $87M | $56M | -71.3% | -55.4% |
| Gross Margin | 23.0% | 22.4% | 21.9% | 0.6pp | 1.1pp |
| Net Margin | 2.1% | 7.9% | 5.9% | -5.8pp | -3.8pp |
| EPS (Diluted) | $0.05 | $0.28 | $0.25 | -83.6% | -81.7% |
| Free Cash Flow | -$349M | $249M | -$268M | -240.2% | -30.2% |
| Item | Amount |
|---|---|
| REVENUE | $569M |
| Cost of Revenue | $438M |
| GROSS PROFIT | $131M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $100M |
| SG&A Expenses | $100M |
| Other Expenses | $6M |
| Operating Expenses | $106M |
| Cost & Expenses | $544M |
| OPERATING INCOME | $25M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $22M |
| EBIT | $24M |
| EBITDA | $46M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $569M |
| Cost of Revenue | $438M |
| GROSS PROFIT | $131M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $100M |
| SG&A Expenses | $100M |
| Other Expenses | $6M |
| Operating Expenses | $106M |
| Cost & Expenses | $544M |
| OPERATING INCOME | $25M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $22M |
| EBIT | $24M |
| EBITDA | $46M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$372M |
| OPERATING CASH FLOW | -$334M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | $218M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $216M |
| FREE CASH FLOW | -$349M |
| Net Change in Cash | -$132M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $174M |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $364M |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $402M |
| Goodwill | $1.2B |
| Intangible Assets | $167M |
| Long-Term Investments | $0 |
| Tax Assets | $72M |
| Other Non-Current Assets | $92M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $3.7B |
| Account Payables | $258M |
| Short-Term Debt | $250M |
| Deferred Revenue | $247M |
| Other Current Liabilities | $174M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $360M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $85M |
| TOTAL NON-CURRENT LIABILITIES | $519M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $3M |
| Additional Paid-In Capital | $5.2B |
| Retained Earnings | -$3.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$49M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $705M |
| Net Debt | $531M |
