| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.0B | $1.8B | 10.3% | 20.3% |
| Op. Income | $218M | $124M | $11M | 75.7% | 1937.6% |
| Gross Margin | 36.7% | 33.5% | 29.7% | 3.2pp | 7.0pp |
| Net Margin | 0.8% | -5.4% | -8.7% | 6.2pp | 9.5pp |
| EPS (Diluted) | $0.04 | $-0.25 | $-0.38 | 116.1% | 110.6% |
| Free Cash Flow | $548M | -$389M | $266M | 241.1% | 106.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $804M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $362M |
| Other Expenses | $223M |
| Operating Expenses | $585M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $218M |
| Interest Income | $0 |
| Interest Expense | $218M |
| Other Income/Expenses | -$200M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $1M |
| NET INCOME | $17M |
| D&A | $245M |
| EBIT | $237M |
| EBITDA | $482M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $804M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $362M |
| Other Expenses | $223M |
| Operating Expenses | $585M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $218M |
| Interest Income | $0 |
| Interest Expense | $218M |
| Other Income/Expenses | -$200M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $1M |
| NET INCOME | $17M |
| D&A | $245M |
| EBIT | $237M |
| EBITDA | $482M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $17M |
| Depreciation & Amortization | $245M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $20M |
| Change in Working Capital | $503M |
| OPERATING CASH FLOW | $807M |
| Capital Expenditure | -$259M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$255M |
| Net Debt Issuance | -$333M |
| Common Stock Repurchased | -$22M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$40M |
| NET CASH FROM FINANCING | -$395M |
| FREE CASH FLOW | $548M |
| Net Change in Cash | $157M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $560M |
| Short-Term Investments | $0 |
| Net Receivables | $282M |
| Inventory | $158M |
| Other Current Assets | $590M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $16.5B |
| Goodwill | $98M |
| Intangible Assets | $501M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $18.2B |
| TOTAL ASSETS | $19.8B |
| Account Payables | $205M |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $3.6B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $6.6B |
| Long-Term Debt | $12.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $859M |
| TOTAL NON-CURRENT LIABILITIES | $12.9B |
| TOTAL LIABILITIES | $19.5B |
| Common Stock | $429.0K |
| Additional Paid-In Capital | $7.7B |
| Retained Earnings | -$6.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$464M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $362M |
| Minority Interest | $0 |
| TOTAL EQUITY | $362M |
| TOTAL LIABILITIES & EQUITY | $19.8B |
| Total Debt | $13.7B |
| Net Debt | $13.2B |
