| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.7B | $4.0B | $4.1B | 17.9% | 15.7% |
| Op. Income | -$1.1B | -$1.5B | -$209M | 23.4% | -439.7% |
| Gross Margin | -0.7% | -10.8% | 21.9% | 10.1pp | -22.6pp |
| Net Margin | -26.1% | -35.7% | -4.8% | 9.5pp | -21.3pp |
| EPS (Diluted) | $-1.12 | $-1.31 | $-0.17 | 14.5% | -558.8% |
| Free Cash Flow | -$395M | -$1.2B | -$1.5B | 67.4% | 73.8% |
| Item | Amount |
|---|---|
| REVENUE | $4.7B |
| Cost of Revenue | $4.8B |
| GROSS PROFIT | -$35M |
| R&D Expenses | $865M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $263M |
| Other Expenses | -$35M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $5.9B |
| OPERATING INCOME | -$1.1B |
| Interest Income | $132M |
| Interest Expense | $132M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | -$1.2B |
| Income Tax Expense | $73M |
| Net Income from Continuing Ops | -$1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.2B |
| D&A | $1.9B |
| EBIT | -$1.1B |
| EBITDA | $787M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$1.2B |
| Depreciation & Amortization | $1.9B |
| Stock-Based Compensation | $188M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $72M |
| Change in Working Capital | $460M |
| OPERATING CASH FLOW | $1.4B |
| Capital Expenditure | -$1.8B |
| Acquisitions (Net) | $1.8B |
| Purchases of Investments | -$199M |
| Sales/Maturities of Investments | $374M |
| Other Investing Activities | -$1.7B |
| NET CASH FROM INVESTING | -$1.6B |
| Net Debt Issuance | -$53M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$129M |
| Other Financing Activities | -$170M |
| NET CASH FROM FINANCING | -$352M |
| FREE CASH FLOW | -$395M |
| Net Change in Cash | -$510M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.1B |
| Short-Term Investments | $973M |
| Net Receivables | $2.9B |
| Inventory | $8.3B |
| Other Current Assets | $791M |
| TOTAL CURRENT ASSETS | $21.1B |
| PP&E (Net) | $38.3B |
| Goodwill | $1.1B |
| Intangible Assets | $416M |
| Long-Term Investments | $720M |
| Tax Assets | $781M |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $42.7B |
| TOTAL ASSETS | $63.8B |
| Account Payables | $1.7B |
| Short-Term Debt | $693M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $6.0B |
| Long-Term Debt | $11.3B |
| Deferred Revenue NC | $705M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.0B |
| TOTAL NON-CURRENT LIABILITIES | $14.9B |
| TOTAL LIABILITIES | $20.9B |
| Common Stock | $124M |
| Additional Paid-In Capital | $11.2B |
| Retained Earnings | $39.4B |
| Treasury Stock | -$7.6B |
| Accum. Other Comp. Income | -$260M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $42.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $42.9B |
| TOTAL LIABILITIES & EQUITY | $63.8B |
| Total Debt | $14.1B |
| Net Debt | $6.0B |
