| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.4B | $1.8B | 2.3% | -17.1% |
| Op. Income | $319M | $369M | $653M | -13.5% | -51.1% |
| Gross Margin | 40.9% | 44.8% | 51.5% | -3.9pp | -10.5pp |
| Net Margin | 11.1% | 15.6% | 23.7% | -4.4pp | -12.5pp |
| EPS (Diluted) | $0.53 | $0.76 | $1.51 | -29.8% | -64.7% |
| Free Cash Flow | -$23M | -$330M | -$134M | 92.9% | 82.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $871M |
| GROSS PROFIT | $604M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $284M |
| Operating Expenses | $284M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $319M |
| Interest Income | $2M |
| Interest Expense | $182M |
| Other Income/Expenses | -$134M |
| INCOME BEFORE TAX | $185M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $164M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $164M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $151M |
| D&A | $209M |
| EBIT | $319M |
| EBITDA | $528M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $871M |
| GROSS PROFIT | $604M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $284M |
| Operating Expenses | $284M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $319M |
| Interest Income | $2M |
| Interest Expense | $182M |
| Other Income/Expenses | -$134M |
| INCOME BEFORE TAX | $185M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $164M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $164M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $151M |
| D&A | $209M |
| EBIT | $319M |
| EBITDA | $528M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $164M |
| Depreciation & Amortization | $209M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $14M |
| Other Non-Cash Items | $74M |
| Change in Working Capital | -$45M |
| OPERATING CASH FLOW | $416M |
| Capital Expenditure | -$439M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$441M |
| Net Debt Issuance | -$123M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$97M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$210M |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | -$228M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $202M |
| Short-Term Investments | $0 |
| Net Receivables | $824M |
| Inventory | $544M |
| Other Current Assets | $700M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $18.4B |
| Goodwill | $4.4B |
| Intangible Assets | $0 |
| Long-Term Investments | $1.5B |
| Tax Assets | $150M |
| Other Non-Current Assets | $2.5B |
| TOTAL NON-CURRENT ASSETS | $26.9B |
| TOTAL ASSETS | $29.3B |
| Account Payables | $874M |
| Short-Term Debt | $1.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $794M |
| TOTAL CURRENT LIABILITIES | $3.2B |
| Long-Term Debt | $13.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.8B |
| Other Non-Current Liabilities | $2.1B |
| TOTAL NON-CURRENT LIABILITIES | $16.9B |
| TOTAL LIABILITIES | $20.2B |
| Common Stock | $6.3B |
| Additional Paid-In Capital | $60M |
| Retained Earnings | $1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $403M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.1B |
| Minority Interest | $10M |
| TOTAL EQUITY | $9.1B |
| TOTAL LIABILITIES & EQUITY | $29.3B |
| Total Debt | $14.6B |
| Net Debt | $14.4B |
