| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.6B | — | $3.9B | — | -9.5% |
| Op. Income | -$174M | — | -$434M | — | 59.8% |
| Gross Margin | 18.5% | — | 22.2% | — | -3.7pp |
| Net Margin | -10.7% | — | -11.1% | — | 0.4pp |
| EPS (Diluted) | $-6.79 | — | $-7.88 | — | 13.8% |
| Free Cash Flow | $438M | — | -$243M | — | 280.7% |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $657M |
| R&D Expenses | $36M |
| Selling & Marketing | $124M |
| General & Administrative | $369M |
| SG&A Expenses | $493M |
| Other Expenses | $303M |
| Operating Expenses | $832M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | -$174M |
| Interest Income | $0 |
| Interest Expense | $178M |
| Other Income/Expenses | -$279M |
| INCOME BEFORE TAX | -$453M |
| Income Tax Expense | -$73M |
| Net Income from Continuing Ops | -$380M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$380M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$380M |
| D&A | $93M |
| EBIT | -$275M |
| EBITDA | -$183M |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$380M |
| Depreciation & Amortization | $93M |
| Stock-Based Compensation | $69M |
| Deferred Income Tax | -$59M |
| Other Non-Cash Items | $394M |
| Change in Working Capital | $415M |
| OPERATING CASH FLOW | $531M |
| Capital Expenditure | -$93M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $27M |
| NET CASH FROM INVESTING | -$66M |
| Net Debt Issuance | -$354M |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | -$149M |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$520M |
| FREE CASH FLOW | $438M |
| Net Change in Cash | -$55M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $32M |
| Short-Term Investments | $0 |
| Net Receivables | $304M |
| Inventory | $880M |
| Other Current Assets | $181M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $873M |
| Goodwill | $244M |
| Intangible Assets | $437M |
| Long-Term Investments | $178M |
| Tax Assets | $190M |
| Other Non-Current Assets | $95M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $3.4B |
| Account Payables | $271M |
| Short-Term Debt | $52M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $119M |
| TOTAL CURRENT LIABILITIES | $774M |
| Long-Term Debt | $2.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $129M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $3.7B |
| Common Stock | $353M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $491M |
| Treasury Stock | -$999M |
| Accum. Other Comp. Income | -$113M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$267M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$267M |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $2.9B |
| Net Debt | $2.9B |
