| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.2B | 1.0% | 0.3% |
| Op. Income | $88M | -$36M | $144M | 344.4% | -38.9% |
| Gross Margin | 23.7% | 15.2% | 29.0% | 8.5pp | -5.3pp |
| Net Margin | 6.3% | -2.4% | 9.6% | 8.7pp | -3.3pp |
| EPS (Diluted) | $0.64 | $-0.25 | $0.85 | 356.0% | -24.7% |
| Free Cash Flow | $182M | $310M | $145M | -41.3% | 25.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $887M |
| GROSS PROFIT | $275M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $101M |
| SG&A Expenses | $101M |
| Other Expenses | $86M |
| Operating Expenses | $187M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $88M |
| Interest Income | $1.0B |
| Interest Expense | $875M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $88M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $73M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $73M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $73M |
| D&A | $0 |
| EBIT | $88M |
| EBITDA | $88M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $887M |
| GROSS PROFIT | $275M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $101M |
| SG&A Expenses | $101M |
| Other Expenses | $86M |
| Operating Expenses | $187M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $88M |
| Interest Income | $1.0B |
| Interest Expense | $875M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $88M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $73M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $73M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $73M |
| D&A | $0 |
| EBIT | $88M |
| EBITDA | $88M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $73M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$21M |
| Change in Working Capital | $125M |
| OPERATING CASH FLOW | $182M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2.3B |
| NET CASH FROM INVESTING | $2.3B |
| Net Debt Issuance | -$2.5B |
| Common Stock Repurchased | -$43M |
| Common Dividends Paid | -$18M |
| Other Financing Activities | $155M |
| NET CASH FROM FINANCING | -$2.4B |
| FREE CASH FLOW | $182M |
| Net Change in Cash | $155M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.9B |
| Short-Term Investments | $0 |
| Net Receivables | $2.1B |
| Inventory | $0 |
| Other Current Assets | -$2.1B |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $61M |
| Goodwill | $0 |
| Intangible Assets | $692M |
| Long-Term Investments | $618M |
| Tax Assets | $117M |
| Other Non-Current Assets | -$796M |
| TOTAL NON-CURRENT ASSETS | $692M |
| TOTAL ASSETS | $59.0B |
| Account Payables | $0 |
| Short-Term Debt | $4.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$4.4B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $50.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5.4B |
| TOTAL NON-CURRENT LIABILITIES | $56.3B |
| TOTAL LIABILITIES | $56.3B |
| Common Stock | $4M |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | $4.7B |
| Treasury Stock | -$5.3B |
| Accum. Other Comp. Income | $15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $59.0B |
| Total Debt | $55.3B |
| Net Debt | $52.3B |
