| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | — | $4.1B | — | -21.8% |
| Op. Income | -$112M | — | $856M | — | -113.1% |
| Gross Margin | -3.2% | — | 19.6% | — | -22.8pp |
| Net Margin | -85.1% | — | 9.4% | — | -94.5pp |
| EPS (Diluted) | $-3.85 | — | $0.55 | — | -806.2% |
| Free Cash Flow | -$460M | — | $330M | — | -239.3% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | -$103M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | -$112M |
| Interest Income | $33M |
| Interest Expense | $0 |
| Other Income/Expenses | -$2.9B |
| INCOME BEFORE TAX | -$3.0B |
| Income Tax Expense | -$315M |
| Net Income from Continuing Ops | -$2.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2.7B |
| D&A | $2.7B |
| EBIT | -$2.4B |
| EBITDA | $258M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$2.7B |
| Depreciation & Amortization | $2.7B |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $155M |
| Change in Working Capital | $113M |
| OPERATING CASH FLOW | $237M |
| Capital Expenditure | -$697M |
| Acquisitions (Net) | $15M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$21M |
| NET CASH FROM INVESTING | -$704M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$66M |
| Common Dividends Paid | -$107M |
| Other Financing Activities | $784M |
| NET CASH FROM FINANCING | $677M |
| FREE CASH FLOW | -$460M |
| Net Change in Cash | $103M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $0 |
| Net Receivables | $524M |
| Inventory | $1.6B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.7B |
| PP&E (Net) | $3.7B |
| Goodwill | $30M |
| Intangible Assets | $181.0K |
| Long-Term Investments | $981M |
| Tax Assets | $117M |
| Other Non-Current Assets | $32M |
| TOTAL NON-CURRENT ASSETS | $4.9B |
| TOTAL ASSETS | $8.6B |
| Account Payables | $258M |
| Short-Term Debt | $934M |
| Deferred Revenue | $18M |
| Other Current Liabilities | $474M |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $382M |
| Deferred Tax Liabilities | $252M |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $3.3B |
| TOTAL LIABILITIES | $5.5B |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$511M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $174M |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $8.6B |
| Total Debt | $2.5B |
| Net Debt | $932M |
