| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.1B | $6.9B | $8.0B | -11.3% | -24.0% |
| Op. Income | $104M | $80M | $229M | 30.7% | -54.5% |
| Gross Margin | 11.1% | 9.8% | 10.6% | 1.3pp | 0.5pp |
| Net Margin | 1.1% | 0.5% | 2.0% | 0.6pp | -0.9pp |
| EPS (Diluted) | $0.44 | $0.24 | $0.98 | 83.3% | -55.1% |
| Free Cash Flow | -$482M | $1.1B | -$548M | -145.2% | 12.1% |
| Item | Amount |
|---|---|
| REVENUE | $6.1B |
| Cost of Revenue | $5.4B |
| GROSS PROFIT | $677M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $573M |
| Other Expenses | $0 |
| Operating Expenses | $573M |
| Cost & Expenses | $6.0B |
| OPERATING INCOME | $104M |
| Interest Income | $0 |
| Interest Expense | $29M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $83M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $69M |
| D&A | $66M |
| EBIT | $111M |
| EBITDA | $178M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $6.1B |
| Cost of Revenue | $5.4B |
| GROSS PROFIT | $677M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $573M |
| Other Expenses | $0 |
| Operating Expenses | $573M |
| Cost & Expenses | $6.0B |
| OPERATING INCOME | $104M |
| Interest Income | $0 |
| Interest Expense | $29M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $83M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $69M |
| D&A | $66M |
| EBIT | $111M |
| EBITDA | $178M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $69M |
| Depreciation & Amortization | $63M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $112M |
| Change in Working Capital | -$639M |
| OPERATING CASH FLOW | -$379M |
| Capital Expenditure | -$103M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $794.0K |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$107M |
| Net Debt Issuance | $119M |
| Common Stock Repurchased | -$118.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $117M |
| FREE CASH FLOW | -$482M |
| Net Change in Cash | -$369M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $315M |
| Short-Term Investments | $0 |
| Net Receivables | $299M |
| Inventory | $3.7B |
| Other Current Assets | $702M |
| TOTAL CURRENT ASSETS | $5.0B |
| PP&E (Net) | $4.0B |
| Goodwill | $141M |
| Intangible Assets | $0 |
| Long-Term Investments | $16.6B |
| Tax Assets | $81M |
| Other Non-Current Assets | $354M |
| TOTAL NON-CURRENT ASSETS | $21.1B |
| TOTAL ASSETS | $26.2B |
| Account Payables | $827M |
| Short-Term Debt | $579M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $272M |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $17.3B |
| Deferred Revenue NC | -$367M |
| Deferred Tax Liabilities | $367M |
| Other Non-Current Liabilities | $167M |
| TOTAL NON-CURRENT LIABILITIES | $18.6B |
| TOTAL LIABILITIES | $20.6B |
| Common Stock | $79M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $3.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $98M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.6B |
| TOTAL LIABILITIES & EQUITY | $26.2B |
| Total Debt | $19.1B |
| Net Debt | $18.8B |
