| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $352M | $351M | $328M | 0.2% | 7.4% |
| Op. Income | $23M | $20M | $20M | 13.4% | 14.2% |
| Gross Margin | 20.4% | 20.3% | 21.7% | 0.1pp | -1.3pp |
| Net Margin | -19.7% | -7.4% | -16.6% | -12.3pp | -3.1pp |
| EPS (Diluted) | $-0.39 | $-0.15 | $-0.30 | -151.9% | -28.4% |
| Free Cash Flow | -$317M | -$179M | -$352M | -76.9% | 9.8% |
| Item | Amount |
|---|---|
| REVENUE | $352M |
| Cost of Revenue | $280M |
| GROSS PROFIT | $72M |
| R&D Expenses | $1M |
| Selling & Marketing | $6M |
| General & Administrative | $42M |
| SG&A Expenses | $48M |
| Other Expenses | $0 |
| Operating Expenses | $49M |
| Cost & Expenses | $329M |
| OPERATING INCOME | $23M |
| Interest Income | $0 |
| Interest Expense | $71M |
| Other Income/Expenses | -$68M |
| INCOME BEFORE TAX | -$45M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | -$69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$71M |
| D&A | $123M |
| EBIT | $25M |
| EBITDA | $149M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$69M |
| Depreciation & Amortization | $123M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$92M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$298M |
| Acquisitions (Net) | -$22M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$320M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $566M |
| NET CASH FROM FINANCING | $566M |
| FREE CASH FLOW | -$317M |
| Net Change in Cash | $230M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $0 |
| Net Receivables | $446M |
| Inventory | $0 |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $7.8B |
| Goodwill | $0 |
| Intangible Assets | $1.2B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $345M |
| TOTAL NON-CURRENT ASSETS | $9.3B |
| TOTAL ASSETS | $11.4B |
| Account Payables | $386M |
| Short-Term Debt | $948M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $4.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $400M |
| TOTAL NON-CURRENT LIABILITIES | $6.5B |
| TOTAL LIABILITIES | $8.1B |
| Common Stock | $75.4K |
| Additional Paid-In Capital | $4.3B |
| Retained Earnings | -$826M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$117M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $17M |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $11.4B |
| Total Debt | $7.1B |
| Net Debt | $5.6B |
