| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $456M | $332M | $157M | 37.3% | 190.1% |
| Op. Income | -$189M | $190M | -$64M | -199.4% | -193.7% |
| Gross Margin | 68.8% | 64.4% | 49.8% | 4.5pp | 19.0pp |
| Net Margin | -45.3% | 52.6% | -57.4% | -97.8pp | 12.2pp |
| EPS (Diluted) | $-2.92 | $2.13 | $-1.73 | -237.1% | -68.8% |
| Free Cash Flow | -$264M | -$96M | $28M | -174.9% | -1055.2% |
| Item | Amount |
|---|---|
| REVENUE | $456M |
| Cost of Revenue | $142M |
| GROSS PROFIT | $314M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $489M |
| Operating Expenses | $503M |
| Cost & Expenses | $646M |
| OPERATING INCOME | -$189M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | -$206M |
| Income Tax Expense | $789.0K |
| Net Income from Continuing Ops | -$207M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$207M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$225M |
| D&A | $53M |
| EBIT | -$188M |
| EBITDA | -$135M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$207M |
| Depreciation & Amortization | $53M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $789.0K |
| Other Non-Cash Items | $386M |
| Change in Working Capital | -$81M |
| OPERATING CASH FLOW | $154M |
| Capital Expenditure | -$418M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$417M |
| NET CASH FROM INVESTING | -$418M |
| Net Debt Issuance | $316M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$6M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $257M |
| FREE CASH FLOW | -$264M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $298M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $323M |
| PP&E (Net) | $1.7B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $102M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $381M |
| TOTAL CURRENT LIABILITIES | $626M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $315M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $479.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$35M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$35M |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $1.1B |
| Net Debt | $1.1B |
