| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.7B | $1.4B | -20.1% | 57.0% |
| Op. Income | -$262M | $177M | -$202M | -248.2% | -30.1% |
| Gross Margin | 1.5% | 13.5% | 0.5% | -11.9pp | 1.1pp |
| Net Margin | -8.2% | 8.7% | -8.3% | -17.0pp | 0.1pp |
| EPS (Diluted) | $-0.42 | $0.42 | $-0.26 | -200.0% | -63.6% |
| Free Cash Flow | $1.8B | -$478M | $743M | 473.9% | 140.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $33M |
| R&D Expenses | $0 |
| Selling & Marketing | $172M |
| General & Administrative | $124M |
| SG&A Expenses | $296M |
| Other Expenses | $0 |
| Operating Expenses | $296M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | -$262M |
| Interest Income | $10M |
| Interest Expense | $0 |
| Other Income/Expenses | $36M |
| INCOME BEFORE TAX | -$226M |
| Income Tax Expense | -$48M |
| Net Income from Continuing Ops | -$177M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$177M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$177M |
| D&A | $301M |
| EBIT | -$185M |
| EBITDA | $116M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$177M |
| Depreciation & Amortization | $301M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$48M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $2.5B |
| OPERATING CASH FLOW | $2.5B |
| Capital Expenditure | -$753M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $837M |
| NET CASH FROM INVESTING | $84M |
| Net Debt Issuance | -$1.1B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | $1.8B |
| Net Change in Cash | $1.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.2B |
| Short-Term Investments | $1.2B |
| Net Receivables | $70M |
| Inventory | $7M |
| Other Current Assets | $1.4B |
| TOTAL CURRENT ASSETS | $6.9B |
| PP&E (Net) | $11.8B |
| Goodwill | $0 |
| Intangible Assets | $171M |
| Long-Term Investments | $0 |
| Tax Assets | $8M |
| Other Non-Current Assets | $261M |
| TOTAL NON-CURRENT ASSETS | $12.3B |
| TOTAL ASSETS | $19.2B |
| Account Payables | $1.2B |
| Short-Term Debt | $1.2B |
| Deferred Revenue | $3.3B |
| Other Current Liabilities | $475M |
| TOTAL CURRENT LIABILITIES | $8.7B |
| Long-Term Debt | $3.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $186M |
| Other Non-Current Liabilities | $194M |
| TOTAL NON-CURRENT LIABILITIES | $3.9B |
| TOTAL LIABILITIES | $12.6B |
| Common Stock | $8M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $4.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $37M |
| Other Equity | $52M |
| TOTAL STOCKHOLDERS' EQUITY | $6.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.6B |
| TOTAL LIABILITIES & EQUITY | $19.2B |
| Total Debt | $4.8B |
| Net Debt | $604M |
