| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $727M | $738M | $739M | -1.5% | -1.7% |
| Op. Income | $63M | $64M | $105M | -0.2% | -39.7% |
| Gross Margin | 43.5% | 43.5% | 47.0% | -0.0pp | -3.5pp |
| Net Margin | -0.5% | 1.5% | 5.7% | -2.0pp | -6.2pp |
| EPS (Diluted) | $-0.20 | $0.57 | $1.76 | -135.1% | -111.4% |
| Free Cash Flow | -$10M | -$251M | $53M | 96.0% | -119.3% |
| Item | Amount |
|---|---|
| REVENUE | $727M |
| Cost of Revenue | $411M |
| GROSS PROFIT | $316M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $253M |
| Other Expenses | $0 |
| Operating Expenses | $253M |
| Cost & Expenses | $664M |
| OPERATING INCOME | $63M |
| Interest Income | $1M |
| Interest Expense | $58M |
| Other Income/Expenses | -$69M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $31M |
| EBIT | $55M |
| EBITDA | $85M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $36M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $56M |
| Capital Expenditure | -$66M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$69M |
| Net Debt Issuance | -$11M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$151.0K |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $102M |
| Short-Term Investments | $0 |
| Net Receivables | $90M |
| Inventory | $822M |
| Other Current Assets | $31M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $2.5B |
| Goodwill | $141M |
| Intangible Assets | $76M |
| Long-Term Investments | $129M |
| Tax Assets | $144M |
| Other Non-Current Assets | $161M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $4.2B |
| Account Payables | $209M |
| Short-Term Debt | $168M |
| Deferred Revenue | $336M |
| Other Current Liabilities | $168M |
| TOTAL CURRENT LIABILITIES | $936M |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $12M |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $4.5B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $300M |
| Retained Earnings | -$587M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$290M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$290M |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $3.7B |
| Net Debt | $3.6B |
