| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $523M | $583M | $593M | -10.4% | -11.8% |
| Op. Income | -$20M | $47M | $122M | -142.6% | -116.4% |
| Gross Margin | 2.6% | 14.2% | 24.4% | -11.6pp | -21.7pp |
| Net Margin | -5.9% | 3.4% | 15.0% | -9.3pp | -20.8pp |
| EPS (Diluted) | $-0.46 | $0.30 | $1.34 | -253.3% | -134.3% |
| Free Cash Flow | -$83M | $782.0K | $35M | -10723.9% | -334.3% |
| Item | Amount |
|---|---|
| REVENUE | $523M |
| Cost of Revenue | $509M |
| GROSS PROFIT | $14M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $0 |
| Operating Expenses | $34M |
| Cost & Expenses | $543M |
| OPERATING INCOME | -$20M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | -$36M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $48M |
| EBIT | -$17M |
| EBITDA | $31M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $48M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$72M |
| OPERATING CASH FLOW | -$50M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $805.0K |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | $28M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$114.0K |
| NET CASH FROM FINANCING | $28M |
| FREE CASH FLOW | -$83M |
| Net Change in Cash | -$53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $301M |
| Short-Term Investments | $0 |
| Net Receivables | $345M |
| Inventory | $531M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $1.4B |
| Goodwill | $35M |
| Intangible Assets | $52M |
| Long-Term Investments | $45M |
| Tax Assets | $0 |
| Other Non-Current Assets | $48M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $95M |
| Short-Term Debt | $0 |
| Deferred Revenue | $11M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $383M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $121M |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $66M |
| Additional Paid-In Capital | $355M |
| Retained Earnings | $563M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$162M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $823M |
| Minority Interest | $0 |
| TOTAL EQUITY | $823M |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $1.4B |
| Net Debt | $1.1B |
