| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $567M | $945M | $712M | -40.1% | -20.4% |
| Op. Income | $96M | $331M | $92M | -70.9% | 4.7% |
| Gross Margin | 44.1% | 51.7% | 33.1% | -7.5pp | 11.0pp |
| Net Margin | 8.5% | 25.6% | 7.1% | -17.1pp | 1.4pp |
| EPS (Diluted) | $0.24 | $1.20 | $0.25 | -80.0% | -4.0% |
| Free Cash Flow | $85M | $116M | -$285M | -27.0% | 129.8% |
| Item | Amount |
|---|---|
| REVENUE | $567M |
| Cost of Revenue | $317M |
| GROSS PROFIT | $250M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $154M |
| Operating Expenses | $154M |
| Cost & Expenses | $471M |
| OPERATING INCOME | $96M |
| Interest Income | $0 |
| Interest Expense | $66M |
| Other Income/Expenses | -$52M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | $48M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $48M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $48M |
| D&A | $129M |
| EBIT | $110M |
| EBITDA | $239M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $567M |
| Cost of Revenue | $317M |
| GROSS PROFIT | $250M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $154M |
| Operating Expenses | $154M |
| Cost & Expenses | $471M |
| OPERATING INCOME | $96M |
| Interest Income | $0 |
| Interest Expense | $66M |
| Other Income/Expenses | -$52M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | $48M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $48M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $48M |
| D&A | $129M |
| EBIT | $110M |
| EBITDA | $239M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $48M |
| Depreciation & Amortization | $129M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $65M |
| Change in Working Capital | $134M |
| OPERATING CASH FLOW | $383M |
| Capital Expenditure | -$299M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$91M |
| NET CASH FROM INVESTING | -$390M |
| Net Debt Issuance | $87M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$84M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $85M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $200.0K |
| Short-Term Investments | $0 |
| Net Receivables | $300M |
| Inventory | $413M |
| Other Current Assets | $59M |
| TOTAL CURRENT ASSETS | $772M |
| PP&E (Net) | $11.4B |
| Goodwill | $0 |
| Intangible Assets | $349M |
| Long-Term Investments | $114M |
| Tax Assets | $0 |
| Other Non-Current Assets | $142M |
| TOTAL NON-CURRENT ASSETS | $12.0B |
| TOTAL ASSETS | $12.8B |
| Account Payables | $276M |
| Short-Term Debt | $499M |
| Deferred Revenue | $104M |
| Other Current Liabilities | $111M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $4.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.3B |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $7.1B |
| TOTAL LIABILITIES | $8.3B |
| Common Stock | $1.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $12.8B |
| Total Debt | $4.8B |
| Net Debt | $4.8B |
