| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $587M | $1.2B | $381M | -52.3% | 54.1% |
| Op. Income | $95M | $122M | $16M | -22.1% | 493.8% |
| Gross Margin | 48.0% | 26.8% | 45.9% | 21.2pp | 2.1pp |
| Net Margin | 13.1% | 4.9% | -28.6% | 8.2pp | 41.7pp |
| EPS (Diluted) | $0.32 | $0.10 | $-0.46 | 226.5% | 169.6% |
| Free Cash Flow | $113M | -$53M | $195M | 313.2% | -42.1% |
| Item | Amount |
|---|---|
| REVENUE | $587M |
| Cost of Revenue | $305M |
| GROSS PROFIT | $282M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $187M |
| Operating Expenses | $187M |
| Cost & Expenses | $492M |
| OPERATING INCOME | $95M |
| Interest Income | $0 |
| Interest Expense | $55M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $100M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $77M |
| D&A | $86M |
| EBIT | $104M |
| EBITDA | $190M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $587M |
| Cost of Revenue | $305M |
| GROSS PROFIT | $282M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $187M |
| Operating Expenses | $187M |
| Cost & Expenses | $492M |
| OPERATING INCOME | $95M |
| Interest Income | $0 |
| Interest Expense | $55M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $100M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $77M |
| D&A | $86M |
| EBIT | $104M |
| EBITDA | $190M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $77M |
| Depreciation & Amortization | $86M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $184M |
| Change in Working Capital | $26M |
| OPERATING CASH FLOW | $140M |
| Capital Expenditure | -$27M |
| Acquisitions (Net) | -$205M |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$417M |
| NET CASH FROM INVESTING | -$650M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | -$17M |
| Other Financing Activities | -$55M |
| NET CASH FROM FINANCING | -$82M |
| FREE CASH FLOW | $113M |
| Net Change in Cash | -$337M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $175M |
| Inventory | $0 |
| Other Current Assets | $338M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $834M |
| Goodwill | $4.2B |
| Intangible Assets | $2.9B |
| Long-Term Investments | $38M |
| Tax Assets | $2.2B |
| Other Non-Current Assets | -$1.3B |
| TOTAL NON-CURRENT ASSETS | $8.9B |
| TOTAL ASSETS | $10.6B |
| Account Payables | $314M |
| Short-Term Debt | $36M |
| Deferred Revenue | $664M |
| Other Current Liabilities | $47M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $2.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $180M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $6.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.5B |
| TOTAL LIABILITIES & EQUITY | $10.6B |
| Total Debt | $2.9B |
| Net Debt | $1.7B |
