| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $2.0B | — | -21.1% | — |
| Op. Income | $72M | $30M | — | 136.4% | — |
| Gross Margin | 10.4% | 10.2% | — | 0.2pp | — |
| Net Margin | 1.2% | -1.6% | — | 2.8pp | — |
| EPS (Diluted) | $-0.11 | $-0.25 | — | 56.0% | — |
| Free Cash Flow | $20M | $213M | — | -90.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $168M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $75M |
| Operating Expenses | $96M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $72M |
| Interest Income | $0 |
| Interest Expense | $60M |
| Other Income/Expenses | -$52M |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $140.0K |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $69M |
| EBIT | $75M |
| EBITDA | $144M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $168M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $75M |
| Operating Expenses | $96M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $72M |
| Interest Income | $0 |
| Interest Expense | $60M |
| Other Income/Expenses | -$52M |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $140.0K |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $69M |
| EBIT | $75M |
| EBITDA | $144M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | $19M |
| Depreciation & Amortization | $69M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | $56M |
| Capital Expenditure | -$36M |
| Acquisitions (Net) | $21M |
| Purchases of Investments | -$258.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $12M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$50M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$861.0K |
| NET CASH FROM FINANCING | -$51M |
| FREE CASH FLOW | $20M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $905M |
| Inventory | $186M |
| Other Current Assets | $84M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $2.3B |
| Goodwill | $712M |
| Intangible Assets | $1.0B |
| Long-Term Investments | $33M |
| Tax Assets | $0 |
| Other Non-Current Assets | $60M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $5.3B |
| Account Payables | $774M |
| Short-Term Debt | $35M |
| Deferred Revenue | $19M |
| Other Current Liabilities | $145M |
| TOTAL CURRENT LIABILITIES | $987M |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $112M |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $475M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$434.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | -$36M |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $5.3B |
| Total Debt | $2.9B |
| Net Debt | $2.9B |
