| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.1B | $6.1B | $9.7B | 32.7% | -16.3% |
| Op. Income | $336M | $104M | $367M | 222.7% | -8.4% |
| Gross Margin | 11.1% | 11.1% | 10.6% | -0.0pp | 0.5pp |
| Net Margin | 2.8% | 1.1% | 2.6% | 1.7pp | 0.2pp |
| EPS (Diluted) | $1.44 | $0.44 | $1.56 | 227.3% | -7.7% |
| Free Cash Flow | -$322M | -$482M | $436M | 33.2% | -173.8% |
| Item | Amount |
|---|---|
| REVENUE | $8.1B |
| Cost of Revenue | $7.2B |
| GROSS PROFIT | $896M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $560M |
| Other Expenses | $0 |
| Operating Expenses | $560M |
| Cost & Expenses | $7.8B |
| OPERATING INCOME | $336M |
| Interest Income | $0 |
| Interest Expense | $30M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $307M |
| Income Tax Expense | $79M |
| Net Income from Continuing Ops | $228M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $228M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $228M |
| D&A | $67M |
| EBIT | $338M |
| EBITDA | $405M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $8.1B |
| Cost of Revenue | $7.2B |
| GROSS PROFIT | $896M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $560M |
| Other Expenses | $0 |
| Operating Expenses | $560M |
| Cost & Expenses | $7.8B |
| OPERATING INCOME | $336M |
| Interest Income | $0 |
| Interest Expense | $30M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $307M |
| Income Tax Expense | $79M |
| Net Income from Continuing Ops | $228M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $228M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $228M |
| D&A | $67M |
| EBIT | $338M |
| EBITDA | $405M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $228M |
| Depreciation & Amortization | $63M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $108M |
| Change in Working Capital | -$614M |
| OPERATING CASH FLOW | -$185M |
| Capital Expenditure | -$137M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $17.0K |
| Other Investing Activities | -$40.0K |
| NET CASH FROM INVESTING | -$137M |
| Net Debt Issuance | $313M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $307M |
| FREE CASH FLOW | -$322M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $264M |
| Short-Term Investments | $0 |
| Net Receivables | $322M |
| Inventory | $4.1B |
| Other Current Assets | $696M |
| TOTAL CURRENT ASSETS | $5.4B |
| PP&E (Net) | $4.0B |
| Goodwill | $141M |
| Intangible Assets | $0 |
| Long-Term Investments | $16.7B |
| Tax Assets | $100M |
| Other Non-Current Assets | $572M |
| TOTAL NON-CURRENT ASSETS | $21.6B |
| TOTAL ASSETS | $27.0B |
| Account Payables | $967M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $636M |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $17.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $171M |
| TOTAL NON-CURRENT LIABILITIES | $19.0B |
| TOTAL LIABILITIES | $21.1B |
| Common Stock | $79M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $4.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $61M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.8B |
| TOTAL LIABILITIES & EQUITY | $27.0B |
| Total Debt | $18.9B |
| Net Debt | $18.6B |
