| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $868M | $892M | $794M | -2.7% | 9.3% |
| Op. Income | $106M | $24M | $1M | 341.7% | 10500.0% |
| Gross Margin | 47.8% | 46.1% | 42.2% | 1.7pp | 5.6pp |
| Net Margin | 1.7% | -7.7% | -5.3% | 9.5pp | 7.0pp |
| EPS (Diluted) | $0.22 | $-1.02 | $-0.64 | 121.6% | 134.4% |
| Free Cash Flow | $49M | $147M | $20M | -66.7% | 145.0% |
| Item | Amount |
|---|---|
| REVENUE | $868M |
| Cost of Revenue | $453M |
| GROSS PROFIT | $415M |
| R&D Expenses | $70M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $170M |
| Other Expenses | $69M |
| Operating Expenses | $309M |
| Cost & Expenses | $762M |
| OPERATING INCOME | $106M |
| Interest Income | $22M |
| Interest Expense | $103M |
| Other Income/Expenses | -$87M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $88M |
| EBIT | $122M |
| EBITDA | $210M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $868M |
| Cost of Revenue | $453M |
| GROSS PROFIT | $415M |
| R&D Expenses | $70M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $170M |
| Other Expenses | $69M |
| Operating Expenses | $309M |
| Cost & Expenses | $762M |
| OPERATING INCOME | $106M |
| Interest Income | $22M |
| Interest Expense | $103M |
| Other Income/Expenses | -$87M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $88M |
| EBIT | $122M |
| EBITDA | $210M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $88M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$36M |
| Other Non-Cash Items | $33M |
| Change in Working Capital | -$48M |
| OPERATING CASH FLOW | $67M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | -$45M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$15M |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$72M |
| FREE CASH FLOW | $49M |
| Net Change in Cash | -$30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $845M |
| Short-Term Investments | $1M |
| Net Receivables | $576M |
| Inventory | $971M |
| Other Current Assets | $268M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $993M |
| Goodwill | $2.5B |
| Intangible Assets | $2.5B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $265M |
| TOTAL NON-CURRENT ASSETS | $6.3B |
| TOTAL ASSETS | $8.9B |
| Account Payables | $290M |
| Short-Term Debt | $50M |
| Deferred Revenue | $68M |
| Other Current Liabilities | $231M |
| TOTAL CURRENT LIABILITIES | $721M |
| Long-Term Debt | $4.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $622M |
| Other Non-Current Liabilities | $262M |
| TOTAL NON-CURRENT LIABILITIES | $5.8B |
| TOTAL LIABILITIES | $6.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $373M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$150M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $8.9B |
| Total Debt | $5.0B |
| Net Debt | $4.1B |
