| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.5B | $522M | 19.9% | 249.1% |
| Op. Income | $11M | -$281M | -$689M | 103.8% | 101.6% |
| Gross Margin | 29.7% | 19.7% | -40.9% | 10.0pp | 70.6pp |
| Net Margin | -8.7% | -31.8% | -188.3% | 23.0pp | 179.5pp |
| EPS (Diluted) | $-0.38 | $-1.14 | $-2.35 | 66.7% | 83.8% |
| Free Cash Flow | $266M | $81M | -$536M | 227.2% | 149.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $542M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $336M |
| Other Expenses | $195M |
| Operating Expenses | $531M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $11M |
| Interest Income | $0 |
| Interest Expense | $171M |
| Other Income/Expenses | -$180M |
| INCOME BEFORE TAX | -$169M |
| Income Tax Expense | -$10M |
| NET INCOME | -$159M |
| D&A | $211M |
| EBIT | $2M |
| EBITDA | $212M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$159M |
| Depreciation & Amortization | $211M |
| Stock-Based Compensation | $28M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $415M |
| OPERATING CASH FLOW | $503M |
| Capital Expenditure | -$238M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$236M |
| Net Debt Issuance | -$491M |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$14M |
| NET CASH FROM FINANCING | -$513M |
| FREE CASH FLOW | $266M |
| Net Change in Cash | -$246M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $701M |
| Short-Term Investments | $0 |
| Net Receivables | $259M |
| Inventory | $146M |
| Other Current Assets | $539M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $14.5B |
| Goodwill | $98M |
| Intangible Assets | $501M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $16.7B |
| TOTAL ASSETS | $18.4B |
| Account Payables | $203M |
| Short-Term Debt | $1.2B |
| Deferred Revenue | $3.2B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $5.7B |
| Long-Term Debt | $11.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $830M |
| TOTAL NON-CURRENT LIABILITIES | $12.8B |
| TOTAL LIABILITIES | $18.5B |
| Common Stock | $424.0K |
| Additional Paid-In Capital | $7.6B |
| Retained Earnings | -$7.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$505M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$100M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$100M |
| TOTAL LIABILITIES & EQUITY | $18.4B |
| Total Debt | $13.1B |
| Net Debt | $12.4B |
