| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $2.1B | $1.2B | -52.1% | -18.3% |
| Op. Income | $76M | -$159M | $163M | 148.1% | -53.2% |
| Gross Margin | 80.9% | 14.4% | 61.0% | 66.5pp | 19.9pp |
| Net Margin | -12.5% | -5.8% | 7.9% | -6.7pp | -20.4pp |
| EPS (Diluted) | $-0.44 | $-0.43 | $0.34 | -2.7% | -228.8% |
| Free Cash Flow | $73M | $679M | $480M | -89.2% | -84.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $194M |
| GROSS PROFIT | $824M |
| R&D Expenses | $0 |
| Selling & Marketing | $222M |
| General & Administrative | $71M |
| SG&A Expenses | $292M |
| Other Expenses | $455M |
| Operating Expenses | $747M |
| Cost & Expenses | $941M |
| OPERATING INCOME | $76M |
| Interest Income | $416M |
| Interest Expense | $8M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | $187M |
| Net Income from Continuing Ops | -$121M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$127M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$127M |
| D&A | $7M |
| EBIT | $76M |
| EBITDA | $83M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$127M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $201M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $73M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $401M |
| NET CASH FROM INVESTING | $401M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $73M |
| NET CASH FROM FINANCING | $73M |
| FREE CASH FLOW | $73M |
| Net Change in Cash | $549M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.8B |
| Short-Term Investments | $4.8B |
| Net Receivables | $919M |
| Inventory | -$4.8B |
| Other Current Assets | $24.0B |
| TOTAL CURRENT ASSETS | $30.7B |
| PP&E (Net) | $80M |
| Goodwill | $1.3B |
| Intangible Assets | $128M |
| Long-Term Investments | $5.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$3.8B |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $33.6B |
| Account Payables | $853M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $232M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $7.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11.9B |
| TOTAL NON-CURRENT LIABILITIES | $18.9B |
| TOTAL LIABILITIES | $20.0B |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $4.7B |
| Retained Earnings | $9.4B |
| Treasury Stock | -$824M |
| Accum. Other Comp. Income | $17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.3B |
| Minority Interest | $231M |
| TOTAL EQUITY | $13.6B |
| TOTAL LIABILITIES & EQUITY | $33.6B |
| Total Debt | $7.0B |
| Net Debt | $1.3B |
