| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17.5B | $18.7B | $18.3B | -6.7% | -4.6% |
| Op. Income | -$123M | $499M | $1.5B | -124.6% | -108.2% |
| Gross Margin | 8.8% | 11.5% | 18.0% | -2.7pp | -9.2pp |
| Net Margin | -1.7% | 2.5% | 5.7% | -4.2pp | -7.3pp |
| EPS (Diluted) | $-0.13 | $0.21 | $0.46 | -161.3% | -128.4% |
| Free Cash Flow | -$1.2B | $269M | -$554M | -558.1% | -122.4% |
| Item | Amount |
|---|---|
| REVENUE | $17.5B |
| Cost of Revenue | $15.9B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.2B |
| General & Administrative | $538M |
| SG&A Expenses | $1.7B |
| Other Expenses | -$45M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $17.6B |
| OPERATING INCOME | -$123M |
| Interest Income | $0 |
| Interest Expense | $343M |
| Other Income/Expenses | -$310M |
| INCOME BEFORE TAX | -$433M |
| Income Tax Expense | -$145M |
| Net Income from Continuing Ops | -$288M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$293M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$293M |
| D&A | $424M |
| EBIT | -$101M |
| EBITDA | $322M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$293M |
| Depreciation & Amortization | $522M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1.0B |
| Change in Working Capital | -$92M |
| OPERATING CASH FLOW | -$886M |
| Capital Expenditure | -$346M |
| Acquisitions (Net) | $930.2K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $16M |
| NET CASH FROM INVESTING | -$329M |
| Net Debt Issuance | $404M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $23M |
| NET CASH FROM FINANCING | $427M |
| FREE CASH FLOW | -$1.2B |
| Net Change in Cash | -$850M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $0 |
| Net Receivables | $3.8B |
| Inventory | $7.5B |
| Other Current Assets | $1.6B |
| TOTAL CURRENT ASSETS | $14.6B |
| PP&E (Net) | $14.6B |
| Goodwill | $6.1B |
| Intangible Assets | $2.0B |
| Long-Term Investments | $60M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.9B |
| TOTAL NON-CURRENT ASSETS | $25.7B |
| TOTAL ASSETS | $40.3B |
| Account Payables | $5.1B |
| Short-Term Debt | $2.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $803M |
| TOTAL CURRENT LIABILITIES | $10.3B |
| Long-Term Debt | $16.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.3B |
| TOTAL NON-CURRENT LIABILITIES | $20.4B |
| TOTAL LIABILITIES | $30.7B |
| Common Stock | $4.7B |
| Additional Paid-In Capital | $43M |
| Retained Earnings | $3.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $736M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.0B |
| Minority Interest | $690M |
| TOTAL EQUITY | $9.7B |
| TOTAL LIABILITIES & EQUITY | $40.3B |
| Total Debt | $21.3B |
| Net Debt | $19.5B |
