| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18.0B | $19.4B | $17.5B | -7.5% | 2.8% |
| Op. Income | $721M | $358M | -$123M | 101.6% | 687.8% |
| Gross Margin | 13.1% | 11.5% | 8.8% | 1.6pp | 4.3pp |
| Net Margin | 1.8% | 0.1% | -1.7% | 1.8pp | 3.5pp |
| EPS (Diluted) | $0.15 | $0.01 | $-0.13 | 1759.3% | 213.8% |
| Free Cash Flow | -$518M | $983M | -$1.2B | -152.7% | 57.9% |
| Item | Amount |
|---|---|
| REVENUE | $18.0B |
| Cost of Revenue | $15.6B |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $1M |
| Selling & Marketing | $1.0B |
| General & Administrative | $553M |
| SG&A Expenses | $1.6B |
| Other Expenses | $71M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $17.2B |
| OPERATING INCOME | $721M |
| Interest Income | $90M |
| Interest Expense | $419M |
| Other Income/Expenses | -$355M |
| INCOME BEFORE TAX | $367M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $364M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $332M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $332M |
| D&A | $543M |
| EBIT | $786M |
| EBITDA | $1.3B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $18.0B |
| Cost of Revenue | $15.6B |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $1M |
| Selling & Marketing | $1.0B |
| General & Administrative | $553M |
| SG&A Expenses | $1.6B |
| Other Expenses | $71M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $17.2B |
| OPERATING INCOME | $721M |
| Interest Income | $90M |
| Interest Expense | $419M |
| Other Income/Expenses | -$355M |
| INCOME BEFORE TAX | $367M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $364M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $332M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $332M |
| D&A | $543M |
| EBIT | $786M |
| EBITDA | $1.3B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $332M |
| Depreciation & Amortization | $543M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$713M |
| Change in Working Capital | -$402M |
| OPERATING CASH FLOW | -$235M |
| Capital Expenditure | -$284M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $13M |
| NET CASH FROM INVESTING | -$272M |
| Net Debt Issuance | -$703M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | -$698M |
| FREE CASH FLOW | -$518M |
| Net Change in Cash | -$1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.3B |
| Short-Term Investments | $0 |
| Net Receivables | $3.4B |
| Inventory | $7.0B |
| Other Current Assets | $1.4B |
| TOTAL CURRENT ASSETS | $15.1B |
| PP&E (Net) | $15.0B |
| Goodwill | $6.0B |
| Intangible Assets | $1.9B |
| Long-Term Investments | $46M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.0B |
| TOTAL NON-CURRENT ASSETS | $26.0B |
| TOTAL ASSETS | $41.2B |
| Account Payables | $4.6B |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $943M |
| TOTAL CURRENT LIABILITIES | $9.0B |
| Long-Term Debt | $18.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.3B |
| TOTAL NON-CURRENT LIABILITIES | $22.5B |
| TOTAL LIABILITIES | $31.5B |
| Common Stock | $4.7B |
| Additional Paid-In Capital | $43M |
| Retained Earnings | $3.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $683M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.9B |
| Minority Interest | $782M |
| TOTAL EQUITY | $9.7B |
| TOTAL LIABILITIES & EQUITY | $41.2B |
| Total Debt | $22.2B |
| Net Debt | $18.9B |
