| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.3B | — | $10.2B | — | -19.0% |
| Op. Income | $651M | — | $713M | — | -8.7% |
| Gross Margin | 13.3% | — | 13.5% | — | -0.2pp |
| Net Margin | 5.7% | — | 4.6% | — | 1.1pp |
| EPS (Diluted) | $1.44 | — | $1.44 | — | 0.0% |
| Free Cash Flow | -$597M | — | $130M | — | -559.2% |
| Item | Amount |
|---|---|
| REVENUE | $8.3B |
| Cost of Revenue | $7.2B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $32M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $421M |
| Other Expenses | $0 |
| Operating Expenses | $453M |
| Cost & Expenses | $7.7B |
| OPERATING INCOME | $651M |
| Interest Income | $41M |
| Interest Expense | $127M |
| Other Income/Expenses | -$108M |
| INCOME BEFORE TAX | $543M |
| Income Tax Expense | $110M |
| Net Income from Continuing Ops | $433M |
| Net Income from Discontinued Ops | $40M |
| Other Adjustments | $0 |
| NET INCOME | $471M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $470M |
| D&A | $365M |
| EBIT | $670M |
| EBITDA | $1.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $8.3B |
| Cost of Revenue | $7.2B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $32M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $421M |
| Other Expenses | $0 |
| Operating Expenses | $453M |
| Cost & Expenses | $7.7B |
| OPERATING INCOME | $651M |
| Interest Income | $41M |
| Interest Expense | $127M |
| Other Income/Expenses | -$108M |
| INCOME BEFORE TAX | $543M |
| Income Tax Expense | $110M |
| Net Income from Continuing Ops | $433M |
| Net Income from Discontinued Ops | $40M |
| Other Adjustments | $0 |
| NET INCOME | $471M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $470M |
| D&A | $365M |
| EBIT | $670M |
| EBITDA | $1.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $473M |
| Depreciation & Amortization | $365M |
| Stock-Based Compensation | $34M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | -$348M |
| Change in Working Capital | -$629M |
| OPERATING CASH FLOW | -$114M |
| Capital Expenditure | -$483M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$27M |
| NET CASH FROM INVESTING | -$510M |
| Net Debt Issuance | -$31M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$408M |
| Other Financing Activities | $27M |
| NET CASH FROM FINANCING | -$412M |
| FREE CASH FLOW | -$597M |
| Net Change in Cash | -$1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $0 |
| Net Receivables | $4.2B |
| Inventory | $4.9B |
| Other Current Assets | $1.5B |
| TOTAL CURRENT ASSETS | $12.9B |
| PP&E (Net) | $17.0B |
| Goodwill | $1.6B |
| Intangible Assets | $631M |
| Long-Term Investments | $3.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $632M |
| TOTAL NON-CURRENT ASSETS | $23.7B |
| TOTAL ASSETS | $36.6B |
| Account Payables | $4.0B |
| Short-Term Debt | $171M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $6.1B |
| Long-Term Debt | $11.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.9B |
| Other Non-Current Liabilities | $2.2B |
| TOTAL NON-CURRENT LIABILITIES | $17.4B |
| TOTAL LIABILITIES | $23.5B |
| Common Stock | $19M |
| Additional Paid-In Capital | $6.1B |
| Retained Earnings | $9.8B |
| Treasury Stock | -$1.4B |
| Accum. Other Comp. Income | -$1.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.0B |
| Minority Interest | $128M |
| TOTAL EQUITY | $13.1B |
| TOTAL LIABILITIES & EQUITY | $36.6B |
| Total Debt | $12.6B |
| Net Debt | $10.3B |
