| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.3B | $2.4B | $2.4B | -1.2% | -3.7% |
| Op. Income | -$67M | -$156M | $43M | 57.1% | -255.8% |
| Gross Margin | 23.6% | 20.6% | 27.5% | 3.0pp | -3.9pp |
| Net Margin | -4.4% | -6.5% | 1.0% | 2.1pp | -5.4pp |
| EPS (Diluted) | $-0.30 | $-0.46 | $0.07 | 34.8% | -509.8% |
| Free Cash Flow | -$519M | -$493M | -$266M | -5.3% | -95.1% |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $548M |
| R&D Expenses | $0 |
| Selling & Marketing | $79M |
| General & Administrative | $0 |
| SG&A Expenses | $79M |
| Other Expenses | $536M |
| Operating Expenses | $615M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | -$67M |
| Interest Income | $25M |
| Interest Expense | $65M |
| Other Income/Expenses | -$43M |
| INCOME BEFORE TAX | -$110M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | -$103M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$103M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$103M |
| D&A | $97M |
| EBIT | -$38M |
| EBITDA | $59M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$103M |
| Depreciation & Amortization | $159M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$153M |
| OPERATING CASH FLOW | -$86M |
| Capital Expenditure | -$433M |
| Acquisitions (Net) | -$33M |
| Purchases of Investments | -$44M |
| Sales/Maturities of Investments | $55M |
| Other Investing Activities | -$374M |
| NET CASH FROM INVESTING | -$451M |
| Net Debt Issuance | $715M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $732M |
| FREE CASH FLOW | -$519M |
| Net Change in Cash | $195M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $401M |
| Net Receivables | $336M |
| Inventory | $109M |
| Other Current Assets | $148M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $10.3B |
| Goodwill | $0 |
| Intangible Assets | $349M |
| Long-Term Investments | $357M |
| Tax Assets | $1.5B |
| Other Non-Current Assets | $719M |
| TOTAL NON-CURRENT ASSETS | $13.2B |
| TOTAL ASSETS | $15.3B |
| Account Payables | $641M |
| Short-Term Debt | $424M |
| Deferred Revenue | $1.5B |
| Other Current Liabilities | $509M |
| TOTAL CURRENT LIABILITIES | $3.6B |
| Long-Term Debt | $4.4B |
| Deferred Revenue NC | $740M |
| Deferred Tax Liabilities | $2.2B |
| Other Non-Current Liabilities | $449M |
| TOTAL NON-CURRENT LIABILITIES | $8.4B |
| TOTAL LIABILITIES | $12.0B |
| Common Stock | $5M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | $2.1B |
| Treasury Stock | -$2.0B |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $15.3B |
| Total Debt | $5.4B |
| Net Debt | $4.2B |
