| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.3B | $3.5B | $3.7B | -6.5% | -12.0% |
| Op. Income | $45M | $133M | $390M | -66.2% | -88.5% |
| Gross Margin | 49.8% | 29.3% | 51.4% | 20.5pp | -1.6pp |
| Net Margin | 1.7% | -56.7% | 13.7% | 58.5pp | -11.9pp |
| EPS (Diluted) | $0.06 | $-2.03 | $0.52 | 102.8% | -88.9% |
| Free Cash Flow | $389M | -$37M | -$45M | 1151.4% | 964.4% |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | -$39M |
| General & Administrative | $862M |
| SG&A Expenses | $823M |
| Other Expenses | $770M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $45M |
| Interest Income | $58M |
| Interest Expense | $291M |
| Other Income/Expenses | $57M |
| INCOME BEFORE TAX | $102M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $57M |
| D&A | $748M |
| EBIT | $393M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | -$39M |
| General & Administrative | $862M |
| SG&A Expenses | $823M |
| Other Expenses | $770M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $45M |
| Interest Income | $58M |
| Interest Expense | $291M |
| Other Income/Expenses | $57M |
| INCOME BEFORE TAX | $102M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $57M |
| D&A | $748M |
| EBIT | $393M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $57M |
| Depreciation & Amortization | $748M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | -$329M |
| Change in Working Capital | $604M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$713M |
| Acquisitions (Net) | $12M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$698M |
| Net Debt Issuance | -$777M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$3M |
| Other Financing Activities | -$280M |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | $389M |
| Net Change in Cash | -$656M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $0 |
| Net Receivables | $1.4B |
| Inventory | $193M |
| Other Current Assets | $120M |
| TOTAL CURRENT ASSETS | $3.7B |
| PP&E (Net) | $19.9B |
| Goodwill | $2.0B |
| Intangible Assets | $5.3B |
| Long-Term Investments | $10M |
| Tax Assets | $3.1B |
| Other Non-Current Assets | -$869M |
| TOTAL NON-CURRENT ASSETS | $29.4B |
| TOTAL ASSETS | $33.2B |
| Account Payables | $1.2B |
| Short-Term Debt | $86M |
| Deferred Revenue | $665M |
| Other Current Liabilities | $282M |
| TOTAL CURRENT LIABILITIES | $3.8B |
| Long-Term Debt | $18.6B |
| Deferred Revenue NC | $2.0B |
| Deferred Tax Liabilities | $3.1B |
| Other Non-Current Liabilities | $5.1B |
| TOTAL NON-CURRENT LIABILITIES | $28.9B |
| TOTAL LIABILITIES | $32.7B |
| Common Stock | $1.0B |
| Additional Paid-In Capital | $18.1B |
| Retained Earnings | -$17.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$799M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $504M |
| Minority Interest | $0 |
| TOTAL EQUITY | $504M |
| TOTAL LIABILITIES & EQUITY | $33.2B |
| Total Debt | $19.0B |
| Net Debt | $17.4B |
