| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.3B | — | $6.8B | — | 6.4% |
| Op. Income | -$289M | — | -$469M | — | 38.4% |
| Gross Margin | 15.8% | — | 13.5% | — | 2.4pp |
| Net Margin | -1.8% | — | -4.6% | — | 2.8pp |
| EPS (Diluted) | $-0.48 | — | $-1.15 | — | 58.3% |
| Free Cash Flow | -$661M | — | -$814M | — | 18.8% |
| Item | Amount |
|---|---|
| REVENUE | $7.3B |
| Cost of Revenue | $6.1B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $237M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.2B |
| Other Expenses | -$1M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $7.5B |
| OPERATING INCOME | -$289M |
| Interest Income | $6M |
| Interest Expense | $14M |
| Other Income/Expenses | $193M |
| INCOME BEFORE TAX | -$96M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | -$106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$130M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$130M |
| D&A | $251M |
| EBIT | -$82M |
| EBITDA | $169M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$130M |
| Depreciation & Amortization | $251M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$166M |
| Change in Working Capital | -$399M |
| OPERATING CASH FLOW | -$444M |
| Capital Expenditure | -$217M |
| Acquisitions (Net) | $4M |
| Purchases of Investments | -$91M |
| Sales/Maturities of Investments | $29M |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$285M |
| Net Debt Issuance | -$23M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2.0B |
| NET CASH FROM FINANCING | $1.9B |
| FREE CASH FLOW | -$661M |
| Net Change in Cash | $1.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.3B |
| Short-Term Investments | $0 |
| Net Receivables | $15.7B |
| Inventory | $7.7B |
| Other Current Assets | $1.5B |
| TOTAL CURRENT ASSETS | $28.1B |
| PP&E (Net) | $5.2B |
| Goodwill | $0 |
| Intangible Assets | $5.4B |
| Long-Term Investments | $3.6B |
| Tax Assets | $1.4B |
| Other Non-Current Assets | $4.1B |
| TOTAL NON-CURRENT ASSETS | $19.8B |
| TOTAL ASSETS | $47.9B |
| Account Payables | $4.3B |
| Short-Term Debt | $0 |
| Deferred Revenue | $15.9B |
| Other Current Liabilities | $9.3B |
| TOTAL CURRENT LIABILITIES | $29.5B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $423M |
| Other Non-Current Liabilities | $8.0B |
| TOTAL NON-CURRENT LIABILITIES | $8.4B |
| TOTAL LIABILITIES | $37.9B |
| Common Stock | $9.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$686M |
| Other Equity | $1M |
| TOTAL STOCKHOLDERS' EQUITY | $9.0B |
| Minority Interest | $1.0B |
| TOTAL EQUITY | $10.0B |
| TOTAL LIABILITIES & EQUITY | $47.9B |
| Total Debt | $0 |
| Net Debt | -$3.3B |
