| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $597M | $559M | $511M | 6.8% | 16.8% |
| Op. Income | $72M | $59M | $67M | 22.8% | 6.9% |
| Gross Margin | 46.1% | 48.4% | 46.3% | -2.4pp | -0.3pp |
| Net Margin | 4.2% | 4.2% | 5.4% | -0.1pp | -1.2pp |
| EPS (Diluted) | $0.12 | $0.12 | $0.14 | 0.0% | -14.3% |
| Free Cash Flow | -$66M | -$36M | -$96M | -84.2% | 31.2% |
| Item | Amount |
|---|---|
| REVENUE | $597M |
| Cost of Revenue | $322M |
| GROSS PROFIT | $275M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $121M |
| SG&A Expenses | $121M |
| Other Expenses | $82M |
| Operating Expenses | $203M |
| Cost & Expenses | $525M |
| OPERATING INCOME | $72M |
| Interest Income | $0 |
| Interest Expense | $37M |
| Other Income/Expenses | -$37M |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $66M |
| EBIT | $72M |
| EBITDA | $138M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $597M |
| Cost of Revenue | $322M |
| GROSS PROFIT | $275M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $121M |
| SG&A Expenses | $121M |
| Other Expenses | $82M |
| Operating Expenses | $203M |
| Cost & Expenses | $525M |
| OPERATING INCOME | $72M |
| Interest Income | $0 |
| Interest Expense | $37M |
| Other Income/Expenses | -$37M |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $66M |
| EBIT | $72M |
| EBITDA | $138M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $25M |
| Depreciation & Amortization | $66M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | $90M |
| Capital Expenditure | -$157M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$159M |
| Net Debt Issuance | $76M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $75M |
| FREE CASH FLOW | -$66M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $37M |
| Short-Term Investments | $0 |
| Net Receivables | $53M |
| Inventory | $53M |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $191M |
| PP&E (Net) | $5.4B |
| Goodwill | $1.2B |
| Intangible Assets | $172M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $77M |
| TOTAL NON-CURRENT ASSETS | $6.9B |
| TOTAL ASSETS | $7.1B |
| Account Payables | $69M |
| Short-Term Debt | $23M |
| Deferred Revenue | $53M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $450M |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $62M |
| Other Non-Current Liabilities | $37M |
| TOTAL NON-CURRENT LIABILITIES | $4.3B |
| TOTAL LIABILITIES | $4.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | -$552M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $7.1B |
| Total Debt | $4.3B |
| Net Debt | $4.3B |
