| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.1B | $956M | -5.9% | 6.0% |
| Op. Income | $24M | $59M | -$20M | -59.2% | 222.2% |
| Gross Margin | 11.3% | 14.3% | 7.0% | -2.9pp | 4.4pp |
| Net Margin | 0.7% | 5.0% | -3.2% | -4.3pp | 3.9pp |
| EPS (Diluted) | $0.16 | $1.20 | $-0.69 | -86.7% | 123.2% |
| Free Cash Flow | $12M | $7M | -$22M | 69.4% | 155.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $898M |
| GROSS PROFIT | $115M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $42M |
| SG&A Expenses | $42M |
| Other Expenses | $48M |
| Operating Expenses | $91M |
| Cost & Expenses | $988M |
| OPERATING INCOME | $24M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $42M |
| EBIT | $24M |
| EBITDA | $66M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $898M |
| GROSS PROFIT | $115M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $42M |
| SG&A Expenses | $42M |
| Other Expenses | $48M |
| Operating Expenses | $91M |
| Cost & Expenses | $988M |
| OPERATING INCOME | $24M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $42M |
| EBIT | $24M |
| EBITDA | $66M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $42M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$300.0K |
| OPERATING CASH FLOW | $59M |
| Capital Expenditure | -$47M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$46M |
| Net Debt Issuance | $11M |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$14M |
| FREE CASH FLOW | $12M |
| Net Change in Cash | -$700.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $0 |
| Net Receivables | $51M |
| Inventory | $88M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $177M |
| PP&E (Net) | $1.9B |
| Goodwill | $195M |
| Intangible Assets | $23M |
| Long-Term Investments | $0 |
| Tax Assets | $95M |
| Other Non-Current Assets | $53M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $142M |
| Short-Term Debt | $10M |
| Deferred Revenue | $65M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $542M |
| Long-Term Debt | $869M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $61M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $6M |
| Additional Paid-In Capital | $684M |
| Retained Earnings | -$345M |
| Treasury Stock | -$495M |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$156M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$156M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $2.2B |
| Net Debt | $2.1B |
