| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $905M | $964M | $959M | -6.1% | -5.6% |
| Op. Income | $69M | $73M | $148M | -5.5% | -53.4% |
| Gross Margin | 20.9% | 21.8% | 28.3% | -0.9pp | -7.4pp |
| Net Margin | 4.8% | 5.1% | 10.1% | -0.3pp | -5.4pp |
| EPS (Diluted) | $1.02 | $1.17 | $2.25 | -12.8% | -54.7% |
| Free Cash Flow | -$33M | $104M | $2M | -131.7% | -1750.0% |
| Item | Amount |
|---|---|
| REVENUE | $905M |
| Cost of Revenue | $716M |
| GROSS PROFIT | $189M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $74M |
| Other Expenses | $46M |
| Operating Expenses | $120M |
| Cost & Expenses | $836M |
| OPERATING INCOME | $69M |
| Interest Income | $4M |
| Interest Expense | $13M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $39M |
| EBIT | $68M |
| EBITDA | $107M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $905M |
| Cost of Revenue | $716M |
| GROSS PROFIT | $189M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $74M |
| Other Expenses | $46M |
| Operating Expenses | $120M |
| Cost & Expenses | $836M |
| OPERATING INCOME | $69M |
| Interest Income | $4M |
| Interest Expense | $13M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $39M |
| EBIT | $68M |
| EBITDA | $107M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $43M |
| Depreciation & Amortization | $39M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$64M |
| OPERATING CASH FLOW | $27M |
| Capital Expenditure | -$60M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$60M |
| Net Debt Issuance | -$11M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | -$12M |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$35M |
| FREE CASH FLOW | -$33M |
| Net Change in Cash | -$71M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $209M |
| Short-Term Investments | $0 |
| Net Receivables | $448M |
| Inventory | $407M |
| Other Current Assets | $51M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $1.4B |
| Goodwill | $134M |
| Intangible Assets | $0 |
| Long-Term Investments | $3M |
| Tax Assets | $180M |
| Other Non-Current Assets | -$70M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $404M |
| Short-Term Debt | $47M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $138M |
| TOTAL CURRENT LIABILITIES | $649M |
| Long-Term Debt | $908M |
| Deferred Revenue NC | $65M |
| Deferred Tax Liabilities | $180M |
| Other Non-Current Liabilities | $41M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $45M |
| Additional Paid-In Capital | $54M |
| Retained Earnings | $2.3B |
| Treasury Stock | -$170M |
| Accum. Other Comp. Income | -$1.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $889M |
| Minority Interest | $0 |
| TOTAL EQUITY | $889M |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $1.0B |
| Net Debt | $811M |
