| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.3B | $2.2B | $2.4B | 4.8% | -4.0% |
| Op. Income | $282M | $201M | $295M | 40.3% | -4.4% |
| Gross Margin | 23.0% | 20.4% | 22.8% | 2.7pp | 0.3pp |
| Net Margin | 7.1% | 14.1% | 5.6% | -6.9pp | 1.6pp |
| EPS (Diluted) | $1.39 | $2.61 | $1.12 | -46.7% | 24.1% |
| Free Cash Flow | -$201M | $272M | -$178M | -173.9% | -12.9% |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $532M |
| R&D Expenses | $59M |
| Selling & Marketing | $5M |
| General & Administrative | $186M |
| SG&A Expenses | $191M |
| Other Expenses | $0 |
| Operating Expenses | $250M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $282M |
| Interest Income | $4M |
| Interest Expense | $53M |
| Other Income/Expenses | -$68M |
| INCOME BEFORE TAX | $214M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $165M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $165M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $165M |
| D&A | $127M |
| EBIT | $267M |
| EBITDA | $394M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $532M |
| R&D Expenses | $59M |
| Selling & Marketing | $5M |
| General & Administrative | $186M |
| SG&A Expenses | $191M |
| Other Expenses | $0 |
| Operating Expenses | $250M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $282M |
| Interest Income | $4M |
| Interest Expense | $53M |
| Other Income/Expenses | -$68M |
| INCOME BEFORE TAX | $214M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $165M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $165M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $165M |
| D&A | $127M |
| EBIT | $267M |
| EBITDA | $394M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $165M |
| Depreciation & Amortization | $127M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$17M |
| Other Non-Cash Items | -$97M |
| Change in Working Capital | -$194M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$185M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$179M |
| Net Debt Issuance | $244M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$95M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $148M |
| FREE CASH FLOW | -$201M |
| Net Change in Cash | -$49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $499M |
| Short-Term Investments | $0 |
| Net Receivables | $1.3B |
| Inventory | $1.8B |
| Other Current Assets | $96M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $5.5B |
| Goodwill | $3.6B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $22M |
| Tax Assets | $0 |
| Other Non-Current Assets | $799M |
| TOTAL NON-CURRENT ASSETS | $11.1B |
| TOTAL ASSETS | $14.7B |
| Account Payables | $1.9B |
| Short-Term Debt | $740M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $4.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $588M |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $6.5B |
| TOTAL LIABILITIES | $9.1B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $9.6B |
| Treasury Stock | -$6.1B |
| Accum. Other Comp. Income | -$328M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.5B |
| Minority Interest | $70M |
| TOTAL EQUITY | $5.6B |
| TOTAL LIABILITIES & EQUITY | $14.7B |
| Total Debt | $5.1B |
| Net Debt | $4.6B |
