| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $2.1B | $1.8B | -20.4% | -8.4% |
| Op. Income | $16M | -$10M | -$36M | 260.0% | 144.4% |
| Gross Margin | 30.5% | 29.9% | 26.7% | 0.6pp | 3.8pp |
| Net Margin | -0.5% | -4.1% | -5.7% | 3.6pp | 5.1pp |
| EPS (Diluted) | $-0.02 | $-0.21 | $-0.25 | 89.7% | 91.3% |
| Free Cash Flow | -$27M | $176M | -$160M | -115.3% | 83.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $504M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $462M |
| Other Expenses | $26M |
| Operating Expenses | $488M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $16M |
| Interest Income | $0 |
| Interest Expense | $70M |
| Other Income/Expenses | -$76M |
| INCOME BEFORE TAX | -$60M |
| Income Tax Expense | -$51M |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $85M |
| EBIT | $10M |
| EBITDA | $95M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $85M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$65M |
| OPERATING CASH FLOW | $32M |
| Capital Expenditure | -$59M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$50M |
| Net Debt Issuance | $100M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$31M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | $60M |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | $39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $372M |
| Short-Term Investments | $0 |
| Net Receivables | $958M |
| Inventory | $1.7B |
| Other Current Assets | $376M |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $1.7B |
| Goodwill | $3.1B |
| Intangible Assets | $2.4B |
| Long-Term Investments | $20M |
| Tax Assets | $775M |
| Other Non-Current Assets | $712M |
| TOTAL NON-CURRENT ASSETS | $8.7B |
| TOTAL ASSETS | $12.1B |
| Account Payables | $1.0B |
| Short-Term Debt | $429M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $122M |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $4.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $237M |
| Other Non-Current Liabilities | $851M |
| TOTAL NON-CURRENT LIABILITIES | $6.1B |
| TOTAL LIABILITIES | $9.0B |
| Common Stock | $441M |
| Additional Paid-In Capital | $6.9B |
| Retained Earnings | -$2.7B |
| Treasury Stock | -$631M |
| Accum. Other Comp. Income | -$899M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $12.1B |
| Total Debt | $5.5B |
| Net Debt | $5.2B |
