| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.3B | $2.3B | -5.0% | -5.1% |
| Op. Income | -$719M | -$67M | -$242M | -973.1% | -197.1% |
| Gross Margin | 19.8% | 23.6% | 18.6% | -3.8pp | 1.1pp |
| Net Margin | -32.4% | -4.4% | -8.2% | -28.0pp | -24.2pp |
| EPS (Diluted) | $-2.11 | $-0.30 | $-0.59 | -603.3% | -257.6% |
| Free Cash Flow | -$262M | -$519M | $233M | 49.5% | -212.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $437M |
| R&D Expenses | $0 |
| Selling & Marketing | $77M |
| General & Administrative | $0 |
| SG&A Expenses | $77M |
| Other Expenses | $1.1B |
| Operating Expenses | $1.2B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | -$719M |
| Interest Income | $19M |
| Interest Expense | $49M |
| Other Income/Expenses | -$48M |
| INCOME BEFORE TAX | -$767M |
| Income Tax Expense | -$51M |
| Net Income from Continuing Ops | -$716M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$716M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$716M |
| D&A | $158M |
| EBIT | -$157M |
| EBITDA | $1M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$716M |
| Depreciation & Amortization | $158M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$54M |
| Other Non-Cash Items | $473M |
| Change in Working Capital | $331M |
| OPERATING CASH FLOW | $204M |
| Capital Expenditure | -$466M |
| Acquisitions (Net) | -$22M |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $94M |
| Other Investing Activities | -$431M |
| NET CASH FROM INVESTING | -$399M |
| Net Debt Issuance | $274M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $271M |
| FREE CASH FLOW | -$262M |
| Net Change in Cash | $76M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $326M |
| Net Receivables | $362M |
| Inventory | $111M |
| Other Current Assets | $128M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $10.5B |
| Goodwill | $0 |
| Intangible Assets | $383M |
| Long-Term Investments | $348M |
| Tax Assets | $0 |
| Other Non-Current Assets | $311M |
| TOTAL NON-CURRENT ASSETS | $11.6B |
| TOTAL ASSETS | $13.7B |
| Account Payables | $647M |
| Short-Term Debt | $442M |
| Deferred Revenue | $1.7B |
| Other Current Liabilities | $613M |
| TOTAL CURRENT LIABILITIES | $4.0B |
| Long-Term Debt | $5.2B |
| Deferred Revenue NC | $743M |
| Deferred Tax Liabilities | $689M |
| Other Non-Current Liabilities | -$104M |
| TOTAL NON-CURRENT LIABILITIES | $7.1B |
| TOTAL LIABILITIES | $11.1B |
| Common Stock | $5M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | $1.4B |
| Treasury Stock | -$2.0B |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $13.7B |
| Total Debt | $6.2B |
| Net Debt | $4.9B |
