| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $783M | — | $743M | — | 5.4% |
| Op. Income | $98M | — | -$213.0K | — | 46149.3% |
| Gross Margin | 30.6% | — | 22.1% | — | 8.5pp |
| Net Margin | -9.1% | — | -13.3% | — | 4.2pp |
| EPS (Diluted) | $-0.19 | — | $-0.30 | — | 36.7% |
| Free Cash Flow | -$96M | — | -$91M | — | -5.8% |
| Item | Amount |
|---|---|
| REVENUE | $783M |
| Cost of Revenue | $543M |
| GROSS PROFIT | $240M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $141M |
| Other Expenses | $0 |
| Operating Expenses | $141M |
| Cost & Expenses | $685M |
| OPERATING INCOME | $98M |
| Interest Income | $0 |
| Interest Expense | $125M |
| Other Income/Expenses | -$166M |
| INCOME BEFORE TAX | -$68M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$71M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$71M |
| D&A | $34M |
| EBIT | $57M |
| EBITDA | $91M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$71M |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $107M |
| Change in Working Capital | -$132M |
| OPERATING CASH FLOW | -$68M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$28M |
| Net Debt Issuance | $80M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $78M |
| FREE CASH FLOW | -$96M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $629M |
| Short-Term Investments | $0 |
| Net Receivables | $411M |
| Inventory | $0 |
| Other Current Assets | $186M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $243M |
| Goodwill | $2.6B |
| Intangible Assets | $366M |
| Long-Term Investments | $23M |
| Tax Assets | $12M |
| Other Non-Current Assets | $313M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $4.7B |
| Account Payables | $250M |
| Short-Term Debt | $3M |
| Deferred Revenue | $100M |
| Other Current Liabilities | $81M |
| TOTAL CURRENT LIABILITIES | $893M |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $28M |
| Other Non-Current Liabilities | $249M |
| TOTAL NON-CURRENT LIABILITIES | $5.3B |
| TOTAL LIABILITIES | $6.2B |
| Common Stock | $4M |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | -$4.1B |
| Treasury Stock | -$522M |
| Accum. Other Comp. Income | -$70M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.4B |
| Minority Interest | $28M |
| TOTAL EQUITY | -$1.4B |
| TOTAL LIABILITIES & EQUITY | $4.7B |
| Total Debt | $5.0B |
| Net Debt | $4.4B |
