| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $771M | $812M | $922M | -5.1% | -16.4% |
| Op. Income | $118M | $101M | $13M | 16.4% | 773.3% |
| Gross Margin | 45.6% | 42.4% | 43.5% | 3.2pp | 2.1pp |
| Net Margin | 5.9% | 4.7% | -9.6% | 1.2pp | 15.4pp |
| EPS (Diluted) | $0.30 | $0.25 | $-0.59 | 20.0% | 150.8% |
| Free Cash Flow | $81M | $22M | $18M | 266.5% | 350.6% |
| Item | Amount |
|---|---|
| REVENUE | $771M |
| Cost of Revenue | $419M |
| GROSS PROFIT | $352M |
| R&D Expenses | $72M |
| Selling & Marketing | $0 |
| General & Administrative | $112M |
| SG&A Expenses | $112M |
| Other Expenses | $50M |
| Operating Expenses | $234M |
| Cost & Expenses | $653M |
| OPERATING INCOME | $118M |
| Interest Income | $3M |
| Interest Expense | $57M |
| Other Income/Expenses | -$69M |
| INCOME BEFORE TAX | $49M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $96M |
| EBIT | $106M |
| EBITDA | $202M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $771M |
| Cost of Revenue | $419M |
| GROSS PROFIT | $352M |
| R&D Expenses | $72M |
| Selling & Marketing | $0 |
| General & Administrative | $112M |
| SG&A Expenses | $112M |
| Other Expenses | $50M |
| Operating Expenses | $234M |
| Cost & Expenses | $653M |
| OPERATING INCOME | $118M |
| Interest Income | $3M |
| Interest Expense | $57M |
| Other Income/Expenses | -$69M |
| INCOME BEFORE TAX | $49M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $96M |
| EBIT | $106M |
| EBITDA | $202M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $45M |
| Depreciation & Amortization | $96M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $40M |
| Change in Working Capital | -$30M |
| OPERATING CASH FLOW | $147M |
| Capital Expenditure | -$67M |
| Acquisitions (Net) | $250M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | $181M |
| Net Debt Issuance | -$419M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$15M |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | -$440M |
| FREE CASH FLOW | $81M |
| Net Change in Cash | -$116M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $341M |
| Short-Term Investments | $0 |
| Net Receivables | $424M |
| Inventory | $626M |
| Other Current Assets | $185M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $1.6B |
| Goodwill | $3.9B |
| Intangible Assets | $1.2B |
| Long-Term Investments | $5M |
| Tax Assets | $25M |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $6.8B |
| TOTAL ASSETS | $8.4B |
| Account Payables | $131M |
| Short-Term Debt | $0 |
| Deferred Revenue | $66M |
| Other Current Liabilities | $933.0K |
| TOTAL CURRENT LIABILITIES | $470M |
| Long-Term Debt | $4.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $167M |
| Other Non-Current Liabilities | $52M |
| TOTAL NON-CURRENT LIABILITIES | $4.5B |
| TOTAL LIABILITIES | $4.9B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $1.2B |
| Treasury Stock | -$7M |
| Accum. Other Comp. Income | -$54M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $8.4B |
| Total Debt | $4.2B |
| Net Debt | $3.9B |
