| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.3B | $6.8B | $5.7B | -7.2% | 10.9% |
| Op. Income | -$393M | -$404M | -$284M | 2.7% | -38.4% |
| Gross Margin | 9.9% | 10.7% | 11.7% | -0.8pp | -1.8pp |
| Net Margin | -3.6% | -3.7% | -2.8% | 0.0pp | -0.9pp |
| EPS (Diluted) | $-0.39 | $-0.37 | $-0.27 | -5.4% | -44.4% |
| Free Cash Flow | -$696M | -$293M | -$346M | -137.5% | -101.2% |
| Item | Amount |
|---|---|
| REVENUE | $6.3B |
| Cost of Revenue | $5.7B |
| GROSS PROFIT | $625M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.0B |
| Operating Expenses | $1.0B |
| Cost & Expenses | $6.7B |
| OPERATING INCOME | -$393M |
| Interest Income | $141M |
| Interest Expense | $58M |
| Other Income/Expenses | $95M |
| INCOME BEFORE TAX | -$298M |
| Income Tax Expense | -$67M |
| Net Income from Continuing Ops | -$231M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$231M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$231M |
| D&A | $408M |
| EBIT | -$240M |
| EBITDA | $168M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$231M |
| Depreciation & Amortization | $408M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$68M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$214M |
| OPERATING CASH FLOW | -$104M |
| Capital Expenditure | -$592M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.7B |
| Sales/Maturities of Investments | $1.7B |
| Other Investing Activities | -$35M |
| NET CASH FROM INVESTING | -$585M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$215M |
| Other Financing Activities | -$24M |
| NET CASH FROM FINANCING | -$232M |
| FREE CASH FLOW | -$696M |
| Net Change in Cash | -$921M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.4B |
| Short-Term Investments | $2.1B |
| Net Receivables | $1.4B |
| Inventory | $812M |
| Other Current Assets | $603M |
| TOTAL CURRENT ASSETS | $13.3B |
| PP&E (Net) | $20.7B |
| Goodwill | $970M |
| Intangible Assets | $295M |
| Long-Term Investments | $286M |
| Tax Assets | $0 |
| Other Non-Current Assets | $443M |
| TOTAL NON-CURRENT ASSETS | $22.7B |
| TOTAL ASSETS | $36.0B |
| Account Payables | $281M |
| Short-Term Debt | $28M |
| Deferred Revenue | $7.6B |
| Other Current Liabilities | $1.7B |
| TOTAL CURRENT LIABILITIES | $12.2B |
| Long-Term Debt | $8.0B |
| Deferred Revenue NC | $1.8B |
| Deferred Tax Liabilities | $2.0B |
| Other Non-Current Liabilities | $937M |
| TOTAL NON-CURRENT LIABILITIES | $13.6B |
| TOTAL LIABILITIES | $25.8B |
| Common Stock | $888M |
| Additional Paid-In Capital | $4.1B |
| Retained Earnings | $16.0B |
| Treasury Stock | -$10.8B |
| Accum. Other Comp. Income | $19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.2B |
| TOTAL LIABILITIES & EQUITY | $36.0B |
| Total Debt | $9.2B |
| Net Debt | $794M |
