| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $954M | $918M | $1.0B | 4.0% | -4.7% |
| Op. Income | $234M | $131M | $221M | 79.1% | 5.7% |
| Gross Margin | 39.1% | 36.0% | 33.9% | 3.2pp | 5.2pp |
| Net Margin | 16.5% | 8.9% | 16.3% | 7.7pp | 0.2pp |
| EPS (Diluted) | $0.36 | $0.19 | $0.37 | 89.5% | -2.7% |
| Free Cash Flow | $127M | $35M | -$21M | 263.0% | 718.0% |
| Item | Amount |
|---|---|
| REVENUE | $954M |
| Cost of Revenue | $581M |
| GROSS PROFIT | $373M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $129M |
| Other Expenses | -$100.0K |
| Operating Expenses | $140M |
| Cost & Expenses | $720M |
| OPERATING INCOME | $234M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $228M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $158M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $158M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $158M |
| D&A | $45M |
| EBIT | $234M |
| EBITDA | $279M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $954M |
| Cost of Revenue | $581M |
| GROSS PROFIT | $373M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $129M |
| Other Expenses | -$100.0K |
| Operating Expenses | $140M |
| Cost & Expenses | $720M |
| OPERATING INCOME | $234M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $228M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $158M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $158M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $158M |
| D&A | $45M |
| EBIT | $234M |
| EBITDA | $279M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $158M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $33M |
| Other Non-Cash Items | -$22M |
| Change in Working Capital | $32M |
| OPERATING CASH FLOW | $252M |
| Capital Expenditure | -$126M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$24M |
| NET CASH FROM INVESTING | -$150M |
| Net Debt Issuance | -$80M |
| Common Stock Repurchased | -$49M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$129M |
| FREE CASH FLOW | $127M |
| Net Change in Cash | -$29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $137M |
| Short-Term Investments | $0 |
| Net Receivables | $359M |
| Inventory | $312M |
| Other Current Assets | $223M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $2.0B |
| Goodwill | $194M |
| Intangible Assets | $154M |
| Long-Term Investments | $0 |
| Tax Assets | $1.0B |
| Other Non-Current Assets | $60M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $4.5B |
| Account Payables | $398M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $147M |
| TOTAL CURRENT LIABILITIES | $690M |
| Long-Term Debt | $978M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $98M |
| Other Non-Current Liabilities | $916M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $229M |
| Additional Paid-In Capital | $243M |
| Retained Earnings | $1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$60M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $4.5B |
| Total Debt | $1.1B |
| Net Debt | $922M |
