| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.8B | $6.5B | $6.2B | 4.6% | 10.5% |
| Op. Income | -$404M | $117M | -$385M | -445.3% | -4.9% |
| Gross Margin | 10.7% | 16.5% | 16.3% | -5.8pp | -5.7pp |
| Net Margin | -3.7% | 3.0% | -3.6% | -6.7pp | -0.1pp |
| EPS (Diluted) | $-0.37 | $0.30 | $-0.37 | -223.3% | 0.0% |
| Free Cash Flow | -$293M | -$234M | -$785M | -25.2% | 62.7% |
| Item | Amount |
|---|---|
| REVENUE | $6.8B |
| Cost of Revenue | $6.1B |
| GROSS PROFIT | $727M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.1B |
| Operating Expenses | $1.1B |
| Cost & Expenses | $7.2B |
| OPERATING INCOME | -$404M |
| Interest Income | $158M |
| Interest Expense | $58M |
| Other Income/Expenses | $118M |
| INCOME BEFORE TAX | -$286M |
| Income Tax Expense | -$34M |
| Net Income from Continuing Ops | -$252M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$252M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$252M |
| D&A | $415M |
| EBIT | -$228M |
| EBITDA | $187M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$252M |
| Depreciation & Amortization | $415M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$55M |
| Other Non-Cash Items | -$48M |
| Change in Working Capital | $365M |
| OPERATING CASH FLOW | $425M |
| Capital Expenditure | -$718M |
| Acquisitions (Net) | $69M |
| Purchases of Investments | -$1.6B |
| Sales/Maturities of Investments | $1.7B |
| Other Investing Activities | -$69M |
| NET CASH FROM INVESTING | -$664M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $25M |
| NET CASH FROM FINANCING | $30M |
| FREE CASH FLOW | -$293M |
| Net Change in Cash | -$209M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.3B |
| Short-Term Investments | $2.2B |
| Net Receivables | $1.2B |
| Inventory | $807M |
| Other Current Assets | $520M |
| TOTAL CURRENT ASSETS | $14.0B |
| PP&E (Net) | $20.6B |
| Goodwill | $970M |
| Intangible Assets | $296M |
| Long-Term Investments | $280M |
| Tax Assets | $0 |
| Other Non-Current Assets | $388M |
| TOTAL NON-CURRENT ASSETS | $22.5B |
| TOTAL ASSETS | $36.5B |
| Account Payables | $265M |
| Short-Term Debt | $29M |
| Deferred Revenue | $6.6B |
| Other Current Liabilities | $3.0B |
| TOTAL CURRENT LIABILITIES | $12.3B |
| Long-Term Debt | $8.0B |
| Deferred Revenue NC | $1.7B |
| Deferred Tax Liabilities | $2.0B |
| Other Non-Current Liabilities | $981M |
| TOTAL NON-CURRENT LIABILITIES | $13.7B |
| TOTAL LIABILITIES | $26.0B |
| Common Stock | $888M |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | $16.3B |
| Treasury Stock | -$10.8B |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.5B |
| TOTAL LIABILITIES & EQUITY | $36.5B |
| Total Debt | $9.2B |
| Net Debt | -$88M |
