| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $808M | $776M | $949M | 4.1% | -14.9% |
| Op. Income | $19M | $3M | $25M | 516.1% | -24.2% |
| Gross Margin | 9.5% | 3.9% | 8.7% | 5.6pp | 0.7pp |
| Net Margin | 2.0% | -3.4% | 0.9% | 5.4pp | 1.1pp |
| EPS (Diluted) | $0.99 | $-1.66 | $0.51 | 159.6% | 94.1% |
| Free Cash Flow | -$61M | -$65M | -$27M | 5.0% | -128.3% |
| Item | Amount |
|---|---|
| REVENUE | $808M |
| Cost of Revenue | $731M |
| GROSS PROFIT | $77M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $30M |
| SG&A Expenses | $30M |
| Other Expenses | $28M |
| Operating Expenses | $57M |
| Cost & Expenses | $789M |
| OPERATING INCOME | $19M |
| Interest Income | $400.0K |
| Interest Expense | $12M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $27M |
| EBIT | $33M |
| EBITDA | $59M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $808M |
| Cost of Revenue | $731M |
| GROSS PROFIT | $77M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $30M |
| SG&A Expenses | $30M |
| Other Expenses | $28M |
| Operating Expenses | $57M |
| Cost & Expenses | $789M |
| OPERATING INCOME | $19M |
| Interest Income | $400.0K |
| Interest Expense | $12M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $27M |
| EBIT | $33M |
| EBITDA | $59M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | -$59M |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$41M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $15M |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | $39M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $25M |
| FREE CASH FLOW | -$61M |
| Net Change in Cash | -$21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $32M |
| Short-Term Investments | $0 |
| Net Receivables | $461M |
| Inventory | $538M |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $1.1B |
| Goodwill | $19M |
| Intangible Assets | $54M |
| Long-Term Investments | $20M |
| Tax Assets | $5M |
| Other Non-Current Assets | $96M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $282M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $406M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $169M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $17M |
| Treasury Stock | -$476M |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $636M |
| Minority Interest | $0 |
| TOTAL EQUITY | $636M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $1.1B |
| Net Debt | $1.1B |
