| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $597M | $567M | $557M | 5.3% | 7.1% |
| Op. Income | $74M | $96M | $77M | -23.1% | -3.3% |
| Gross Margin | 38.9% | 44.1% | 40.6% | -5.2pp | -1.7pp |
| Net Margin | 3.1% | 8.5% | 6.9% | -5.4pp | -3.8pp |
| EPS (Diluted) | $0.09 | $0.24 | $0.19 | -61.4% | -51.2% |
| Free Cash Flow | -$144M | $85M | -$114M | -269.7% | -26.6% |
| Item | Amount |
|---|---|
| REVENUE | $597M |
| Cost of Revenue | $365M |
| GROSS PROFIT | $232M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $158M |
| Operating Expenses | $158M |
| Cost & Expenses | $523M |
| OPERATING INCOME | $74M |
| Interest Income | $0 |
| Interest Expense | $60M |
| Other Income/Expenses | -$54M |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $129M |
| EBIT | $80M |
| EBITDA | $210M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $597M |
| Cost of Revenue | $365M |
| GROSS PROFIT | $232M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $158M |
| Operating Expenses | $158M |
| Cost & Expenses | $523M |
| OPERATING INCOME | $74M |
| Interest Income | $0 |
| Interest Expense | $60M |
| Other Income/Expenses | -$54M |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $129M |
| EBIT | $80M |
| EBITDA | $210M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $19M |
| Depreciation & Amortization | $129M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$72M |
| OPERATING CASH FLOW | $83M |
| Capital Expenditure | -$227M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$17M |
| NET CASH FROM INVESTING | -$244M |
| Net Debt Issuance | $257M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$86M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $165M |
| FREE CASH FLOW | -$144M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $264M |
| Inventory | $403M |
| Other Current Assets | $54M |
| TOTAL CURRENT ASSETS | $725M |
| PP&E (Net) | $11.6B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $119M |
| Tax Assets | $0 |
| Other Non-Current Assets | $486M |
| TOTAL NON-CURRENT ASSETS | $12.2B |
| TOTAL ASSETS | $12.9B |
| Account Payables | $212M |
| Short-Term Debt | $835M |
| Deferred Revenue | $106M |
| Other Current Liabilities | $109M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $4.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.3B |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $7.0B |
| TOTAL LIABILITIES | $8.5B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $3.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.4B |
| TOTAL LIABILITIES & EQUITY | $12.9B |
| Total Debt | $5.1B |
| Net Debt | $5.1B |
