| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $430M | $423M | $344M | 1.6% | 24.8% |
| Op. Income | $68M | $57M | $61M | 19.9% | 12.3% |
| Gross Margin | 16.1% | 13.7% | 17.9% | 2.4pp | -1.8pp |
| Net Margin | 13.1% | 9.9% | 13.4% | 3.1pp | -0.4pp |
| EPS (Diluted) | $1.11 | $0.83 | $0.91 | 33.7% | 22.0% |
| Free Cash Flow | -$209M | -$45M | -$10M | -363.9% | -2089.3% |
| Item | Amount |
|---|---|
| REVENUE | $430M |
| Cost of Revenue | $361M |
| GROSS PROFIT | $69M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1M |
| Operating Expenses | $1M |
| Cost & Expenses | $362M |
| OPERATING INCOME | $68M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $63M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $56M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $56M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $56M |
| D&A | $46M |
| EBIT | $89M |
| EBITDA | $135M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $430M |
| Cost of Revenue | $361M |
| GROSS PROFIT | $69M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1M |
| Operating Expenses | $1M |
| Cost & Expenses | $362M |
| OPERATING INCOME | $68M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $63M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $56M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $56M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $56M |
| D&A | $46M |
| EBIT | $89M |
| EBITDA | $135M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $56M |
| Depreciation & Amortization | $46M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | -$60M |
| Change in Working Capital | -$125M |
| OPERATING CASH FLOW | -$90M |
| Capital Expenditure | -$118M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | -$109M |
| Net Debt Issuance | $418M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$41M |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $380M |
| FREE CASH FLOW | -$209M |
| Net Change in Cash | $180M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $358M |
| Short-Term Investments | $0 |
| Net Receivables | $244M |
| Inventory | $121M |
| Other Current Assets | $250M |
| TOTAL CURRENT ASSETS | $991M |
| PP&E (Net) | $5.3B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $121M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $6.9B |
| TOTAL ASSETS | $7.9B |
| Account Payables | $202M |
| Short-Term Debt | $125M |
| Deferred Revenue | $87M |
| Other Current Liabilities | $79M |
| TOTAL CURRENT LIABILITIES | $533M |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $868M |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $4.5B |
| TOTAL LIABILITIES | $5.0B |
| Common Stock | $882M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $7M |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $7.9B |
| Total Debt | $2.6B |
| Net Debt | $2.3B |
