| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $810M | $1.6B | $815M | -50.1% | -0.6% |
| Op. Income | -$36M | $140M | -$115M | -125.4% | 69.1% |
| Gross Margin | 48.0% | 48.8% | 40.0% | -0.7pp | 8.0pp |
| Net Margin | -3.5% | 9.1% | -13.1% | -12.6pp | 9.6pp |
| EPS (Diluted) | $-0.08 | $0.42 | $-0.31 | -119.4% | 73.7% |
| Free Cash Flow | $5M | $907M | -$249M | -99.4% | 102.0% |
| Item | Amount |
|---|---|
| REVENUE | $810M |
| Cost of Revenue | $421M |
| GROSS PROFIT | $389M |
| R&D Expenses | $0 |
| Selling & Marketing | $71M |
| General & Administrative | $353M |
| SG&A Expenses | $424M |
| Other Expenses | $0 |
| Operating Expenses | $424M |
| Cost & Expenses | $845M |
| OPERATING INCOME | -$36M |
| Interest Income | $17M |
| Interest Expense | $30M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$49M |
| Income Tax Expense | -$21M |
| Net Income from Continuing Ops | -$28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$28M |
| D&A | $57M |
| EBIT | -$24M |
| EBITDA | $33M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$28M |
| Depreciation & Amortization | $57M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $35M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $209.0K |
| NET CASH FROM INVESTING | -$28M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$31M |
| NET CASH FROM FINANCING | -$131M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$131M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $673M |
| Inventory | $669M |
| Other Current Assets | $263M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $761M |
| Goodwill | $1.4B |
| Intangible Assets | $384M |
| Long-Term Investments | $423.0K |
| Tax Assets | $304M |
| Other Non-Current Assets | $496M |
| TOTAL NON-CURRENT ASSETS | $3.3B |
| TOTAL ASSETS | $6.1B |
| Account Payables | $315M |
| Short-Term Debt | $77M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $537M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $354M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $441M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $3.0B |
| Treasury Stock | -$2.3B |
| Accum. Other Comp. Income | -$916M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $6.1B |
| Total Debt | $2.7B |
| Net Debt | $1.5B |
