| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $601M | $670M | — | -10.2% | — |
| Op. Income | $35M | -$5M | — | 856.5% | — |
| Gross Margin | 11.8% | 13.0% | — | -1.2pp | — |
| Net Margin | -5.1% | -7.7% | — | 2.6pp | — |
| EPS (Diluted) | $-0.08 | $-0.15 | — | 43.5% | — |
| Free Cash Flow | -$26M | $49M | — | -153.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $601M |
| Cost of Revenue | $530M |
| GROSS PROFIT | $71M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $22M |
| SG&A Expenses | $22M |
| Other Expenses | $14M |
| Operating Expenses | $36M |
| Cost & Expenses | $567M |
| OPERATING INCOME | $35M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $124M |
| EBIT | $15M |
| EBITDA | $140M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $124M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $34M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$66M |
| OPERATING CASH FLOW | $61M |
| Capital Expenditure | -$87M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$100.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $500.0K |
| NET CASH FROM INVESTING | -$87M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | -$21M |
| Common Dividends Paid | -$37M |
| Other Financing Activities | $100.0K |
| NET CASH FROM FINANCING | -$73M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | -$99M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $301M |
| Short-Term Investments | $30M |
| Net Receivables | $210M |
| Inventory | $745M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $5.6B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $82M |
| Other Non-Current Assets | $64M |
| TOTAL NON-CURRENT ASSETS | $5.8B |
| TOTAL ASSETS | $7.1B |
| Account Payables | $186M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $57M |
| TOTAL CURRENT LIABILITIES | $626M |
| Long-Term Debt | $698M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $518M |
| Other Non-Current Liabilities | $499M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $5.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$31M |
| Other Equity | $94M |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $12M |
| TOTAL EQUITY | $4.7B |
| TOTAL LIABILITIES & EQUITY | $7.1B |
| Total Debt | $807M |
| Net Debt | $506M |
