| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.3B | $3.4B | $3.8B | -2.2% | -12.2% |
| Op. Income | $536M | $656M | $652M | -18.3% | -17.8% |
| Gross Margin | 19.8% | 35.8% | 30.6% | -16.0pp | -10.8pp |
| Net Margin | 9.4% | 12.3% | 11.8% | -2.9pp | -2.4pp |
| EPS (Diluted) | $1.51 | $2.03 | $2.16 | -25.6% | -30.1% |
| Free Cash Flow | -$6M | -$267M | -$13M | 97.8% | 53.8% |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $658M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $122M |
| Operating Expenses | $122M |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $536M |
| Interest Income | -$12M |
| Interest Expense | $218M |
| Other Income/Expenses | -$202M |
| INCOME BEFORE TAX | $334M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $313M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1M |
| NET INCOME | $312M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $312M |
| D&A | $435M |
| EBIT | $552M |
| EBITDA | $987M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $658M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $122M |
| Operating Expenses | $122M |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $536M |
| Interest Income | -$12M |
| Interest Expense | $218M |
| Other Income/Expenses | -$202M |
| INCOME BEFORE TAX | $334M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $313M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1M |
| NET INCOME | $312M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $312M |
| D&A | $435M |
| EBIT | $552M |
| EBITDA | $987M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $312M |
| Depreciation & Amortization | $435M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $23M |
| Other Non-Cash Items | -$15M |
| Change in Working Capital | $282M |
| OPERATING CASH FLOW | $1.0B |
| Capital Expenditure | -$1.1B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$313M |
| Sales/Maturities of Investments | $108M |
| Other Investing Activities | -$363M |
| NET CASH FROM INVESTING | -$1.6B |
| Net Debt Issuance | $1.1B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$202M |
| Other Financing Activities | -$14M |
| NET CASH FROM FINANCING | $872M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | $298M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $349M |
| Short-Term Investments | $200M |
| Net Receivables | $1.6B |
| Inventory | $1.0B |
| Other Current Assets | $539M |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $28.7B |
| Goodwill | $2.0B |
| Intangible Assets | $153M |
| Long-Term Investments | $3.3B |
| Tax Assets | $2.7B |
| Other Non-Current Assets | $5.3B |
| TOTAL NON-CURRENT ASSETS | $42.1B |
| TOTAL ASSETS | $45.9B |
| Account Payables | $1.1B |
| Short-Term Debt | $2.7B |
| Deferred Revenue | $211M |
| Other Current Liabilities | $713M |
| TOTAL CURRENT LIABILITIES | $5.0B |
| Long-Term Debt | $19.2B |
| Deferred Revenue NC | $149M |
| Deferred Tax Liabilities | $2.7B |
| Other Non-Current Liabilities | $7.7B |
| TOTAL NON-CURRENT LIABILITIES | $29.7B |
| TOTAL LIABILITIES | $34.7B |
| Common Stock | $6.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $4.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$42M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.2B |
| Minority Interest | $5M |
| TOTAL EQUITY | $11.2B |
| TOTAL LIABILITIES & EQUITY | $45.9B |
| Total Debt | $22.1B |
| Net Debt | $21.7B |
