| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $444M | — | $508M | — | -12.4% |
| Op. Income | $63M | — | $69M | — | -9.4% |
| Gross Margin | 39.6% | — | 33.1% | — | 6.5pp |
| Net Margin | 8.3% | — | 8.2% | — | 0.1pp |
| EPS (Diluted) | $0.35 | — | $0.20 | — | 75.0% |
| Free Cash Flow | -$125M | — | -$7M | — | -1659.3% |
| Item | Amount |
|---|---|
| REVENUE | $444M |
| Cost of Revenue | $268M |
| GROSS PROFIT | $176M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $37M |
| SG&A Expenses | $182M |
| Other Expenses | -$2M |
| Operating Expenses | $113M |
| Cost & Expenses | $382M |
| OPERATING INCOME | $63M |
| Interest Income | $4M |
| Interest Expense | $28M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | $518.0K |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $90M |
| EBIT | $74M |
| EBITDA | $163M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $444M |
| Cost of Revenue | $268M |
| GROSS PROFIT | $176M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $37M |
| SG&A Expenses | $182M |
| Other Expenses | -$2M |
| Operating Expenses | $113M |
| Cost & Expenses | $382M |
| OPERATING INCOME | $63M |
| Interest Income | $4M |
| Interest Expense | $28M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | $518.0K |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $90M |
| EBIT | $74M |
| EBITDA | $163M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $37M |
| Depreciation & Amortization | $90M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $31M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | $111M |
| Capital Expenditure | -$236M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $277M |
| NET CASH FROM INVESTING | $34M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$32M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $11M |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | -$125M |
| Net Change in Cash | $156M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $178M |
| Short-Term Investments | $0 |
| Net Receivables | $233M |
| Inventory | $194M |
| Other Current Assets | $143M |
| TOTAL CURRENT ASSETS | $748M |
| PP&E (Net) | $6.6B |
| Goodwill | $1M |
| Intangible Assets | -$3.7B |
| Long-Term Investments | $15M |
| Tax Assets | $4.2B |
| Other Non-Current Assets | $159M |
| TOTAL NON-CURRENT ASSETS | $7.4B |
| TOTAL ASSETS | $8.1B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $41M |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $378M |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $174M |
| Deferred Tax Liabilities | $826M |
| Other Non-Current Liabilities | $348M |
| TOTAL NON-CURRENT LIABILITIES | $4.6B |
| TOTAL LIABILITIES | $5.0B |
| Common Stock | $49M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$166M |
| Other Equity | $380M |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $8.1B |
| Total Debt | $3.2B |
| Net Debt | $3.0B |
