| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $372M | $417M | $369M | -10.9% | 0.8% |
| Op. Income | -$197M | -$51M | $125M | -282.1% | -256.9% |
| Gross Margin | 38.7% | 40.8% | 39.6% | -2.1pp | -0.8pp |
| Net Margin | -45.1% | -13.0% | 20.0% | -32.1pp | -65.0pp |
| EPS (Diluted) | $-1.84 | $-0.59 | $0.80 | -211.9% | -330.0% |
| Free Cash Flow | -$49M | $80M | -$100M | -161.7% | 51.0% |
| Item | Amount |
|---|---|
| REVENUE | $372M |
| Cost of Revenue | $228M |
| GROSS PROFIT | $144M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $341M |
| Operating Expenses | $341M |
| Cost & Expenses | $569M |
| OPERATING INCOME | -$197M |
| Interest Income | $0 |
| Interest Expense | $35M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | -$228M |
| Income Tax Expense | -$60M |
| Net Income from Continuing Ops | -$168M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$168M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$168M |
| D&A | $109M |
| EBIT | -$193M |
| EBITDA | -$84M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$168M |
| Depreciation & Amortization | $109M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$50M |
| Other Non-Cash Items | $324M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | $198M |
| Capital Expenditure | -$247M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$248M |
| Net Debt Issuance | $91M |
| Common Stock Repurchased | -$36M |
| Common Dividends Paid | -$47M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$49M |
| Net Change in Cash | -$43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $38M |
| Short-Term Investments | $0 |
| Net Receivables | $143M |
| Inventory | $83M |
| Other Current Assets | $92M |
| TOTAL CURRENT ASSETS | $356M |
| PP&E (Net) | $7.3B |
| Goodwill | $5M |
| Intangible Assets | $0 |
| Long-Term Investments | $82M |
| Tax Assets | $0 |
| Other Non-Current Assets | $537M |
| TOTAL NON-CURRENT ASSETS | $8.0B |
| TOTAL ASSETS | $8.3B |
| Account Payables | $165M |
| Short-Term Debt | $591M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $266M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.1B |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $4.4B |
| TOTAL LIABILITIES | $5.5B |
| Common Stock | $91M |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $8.3B |
| Total Debt | $2.8B |
| Net Debt | $2.7B |
