| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $527M | $494M | $566M | 6.7% | -7.0% |
| Op. Income | -$42M | -$224M | -$35M | 81.3% | -18.1% |
| Gross Margin | 18.2% | -14.3% | 21.0% | 32.5pp | -2.8pp |
| Net Margin | -12.3% | -44.6% | -8.8% | 32.3pp | -3.5pp |
| EPS (Diluted) | $-1.17 | $-3.97 | $-0.90 | 70.5% | -30.0% |
| Free Cash Flow | -$461M | $536M | -$811M | -186.0% | 43.1% |
| Item | Amount |
|---|---|
| REVENUE | $527M |
| Cost of Revenue | $431M |
| GROSS PROFIT | $96M |
| R&D Expenses | $9M |
| Selling & Marketing | $15M |
| General & Administrative | $97M |
| SG&A Expenses | $113M |
| Other Expenses | $16M |
| Operating Expenses | $138M |
| Cost & Expenses | $568M |
| OPERATING INCOME | -$42M |
| Interest Income | $0 |
| Interest Expense | $43M |
| Other Income/Expenses | -$53M |
| INCOME BEFORE TAX | -$94M |
| Income Tax Expense | -$30M |
| Net Income from Continuing Ops | -$65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$65M |
| D&A | $25M |
| EBIT | -$52M |
| EBITDA | -$26M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$65M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $23M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$451M |
| OPERATING CASH FLOW | -$432M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$36M |
| Net Debt Issuance | $443M |
| Common Stock Repurchased | -$800.0K |
| Common Dividends Paid | -$37M |
| Other Financing Activities | $600.0K |
| NET CASH FROM FINANCING | $406M |
| FREE CASH FLOW | -$461M |
| Net Change in Cash | -$61M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $26M |
| Short-Term Investments | $0 |
| Net Receivables | $311M |
| Inventory | $1.5B |
| Other Current Assets | $179M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $593M |
| Goodwill | $254M |
| Intangible Assets | $576M |
| Long-Term Investments | $182M |
| Tax Assets | $0 |
| Other Non-Current Assets | $630M |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $4.5B |
| Account Payables | $367M |
| Short-Term Debt | $217M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $348M |
| TOTAL CURRENT LIABILITIES | $932M |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $353M |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $4.5B |
| Common Stock | $368M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $918M |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$169M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $60M |
| Minority Interest | $0 |
| TOTAL EQUITY | $60M |
| TOTAL LIABILITIES & EQUITY | $4.5B |
| Total Debt | $3.4B |
| Net Debt | $3.4B |
