| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $521M | $526M | $835M | -1.0% | -37.5% |
| Op. Income | $78M | $61M | $12M | 27.7% | 553.5% |
| Gross Margin | 52.3% | 50.9% | 31.5% | 1.4pp | 20.8pp |
| Net Margin | -0.6% | -42.5% | -0.9% | 42.0pp | 0.4pp |
| EPS (Diluted) | $-0.02 | $-1.27 | $-0.04 | 98.7% | 63.2% |
| Free Cash Flow | -$32M | $69M | -$68M | -147.3% | 52.5% |
| Item | Amount |
|---|---|
| REVENUE | $521M |
| Cost of Revenue | $249M |
| GROSS PROFIT | $273M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $187M |
| Other Expenses | $0 |
| Operating Expenses | $194M |
| Cost & Expenses | $443M |
| OPERATING INCOME | $78M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | -$35M |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $29M |
| EBIT | $78M |
| EBITDA | $106M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $41M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$16M |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$14M |
| Sales/Maturities of Investments | $24M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$14M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$9M |
| Other Financing Activities | -$35M |
| NET CASH FROM FINANCING | -$58M |
| FREE CASH FLOW | -$32M |
| Net Change in Cash | -$85M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $516M |
| Short-Term Investments | $22M |
| Net Receivables | $855M |
| Inventory | $79M |
| Other Current Assets | $110M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $698M |
| Goodwill | $729M |
| Intangible Assets | $58M |
| Long-Term Investments | $645M |
| Tax Assets | $0 |
| Other Non-Current Assets | $390M |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $4.1B |
| Account Payables | $784M |
| Short-Term Debt | $118M |
| Deferred Revenue | $89M |
| Other Current Liabilities | $600M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $502.0K |
| Deferred Tax Liabilities | $200M |
| Other Non-Current Liabilities | $322M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $4.5B |
| Common Stock | $270M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.0B |
| Treasury Stock | -$2.8B |
| Accum. Other Comp. Income | -$864M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$392M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$392M |
| TOTAL LIABILITIES & EQUITY | $4.1B |
| Total Debt | $2.5B |
| Net Debt | $2.0B |
