| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.5B | $3.6B | $3.8B | -3.4% | -7.4% |
| Op. Income | $133M | $223M | -$3.3B | -40.4% | 104.0% |
| Gross Margin | 29.3% | 49.2% | 51.9% | -19.9pp | -22.7pp |
| Net Margin | -56.7% | -2.1% | -80.8% | -54.6pp | 24.0pp |
| EPS (Diluted) | $-2.03 | $-0.08 | $-3.08 | -2459.9% | 34.1% |
| Free Cash Flow | -$37M | $38M | $8M | -197.4% | -562.5% |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $87M |
| General & Administrative | $809M |
| SG&A Expenses | $896M |
| Other Expenses | $0 |
| Operating Expenses | $896M |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $133M |
| Interest Income | $41M |
| Interest Expense | $290M |
| Other Income/Expenses | -$2.3B |
| INCOME BEFORE TAX | -$2.1B |
| Income Tax Expense | -$147M |
| Net Income from Continuing Ops | -$2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2.0B |
| D&A | $751M |
| EBIT | -$1.9B |
| EBITDA | -$1.1B |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$2.0B |
| Depreciation & Amortization | $751M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$30M |
| Other Non-Cash Items | $1.9B |
| Change in Working Capital | $113M |
| OPERATING CASH FLOW | $784M |
| Capital Expenditure | -$821M |
| Acquisitions (Net) | $1.9B |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$21M |
| NET CASH FROM INVESTING | $1.0B |
| Net Debt Issuance | $85M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $83M |
| FREE CASH FLOW | -$37M |
| Net Change in Cash | $1.9B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.2B |
| Short-Term Investments | $0 |
| Net Receivables | $1.6B |
| Inventory | $209M |
| Other Current Assets | $327M |
| TOTAL CURRENT ASSETS | $4.8B |
| PP&E (Net) | $19.8B |
| Goodwill | $2.0B |
| Intangible Assets | $5.5B |
| Long-Term Investments | -$3.1B |
| Tax Assets | $3.1B |
| Other Non-Current Assets | $2.1B |
| TOTAL NON-CURRENT ASSETS | $29.2B |
| TOTAL ASSETS | $34.0B |
| Account Payables | $1.1B |
| Short-Term Debt | $157M |
| Deferred Revenue | $647M |
| Other Current Liabilities | $381M |
| TOTAL CURRENT LIABILITIES | $3.5B |
| Long-Term Debt | $19.6B |
| Deferred Revenue NC | $2.0B |
| Deferred Tax Liabilities | $3.1B |
| Other Non-Current Liabilities | $4.1B |
| TOTAL NON-CURRENT LIABILITIES | $30.1B |
| TOTAL LIABILITIES | $33.6B |
| Common Stock | $1.0B |
| Additional Paid-In Capital | $18.1B |
| Retained Earnings | -$17.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$810M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $417M |
| Minority Interest | $0 |
| TOTAL EQUITY | $417M |
| TOTAL LIABILITIES & EQUITY | $34.0B |
| Total Debt | $21.3B |
| Net Debt | $19.1B |
