| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19.6B | $16.6B | $13.0B | 17.7% | 50.4% |
| Op. Income | $346M | $404M | $242M | -14.3% | 43.2% |
| Gross Margin | 2.4% | 2.3% | 2.8% | 0.2pp | -0.4pp |
| Net Margin | 0.4% | 0.3% | 0.6% | 0.0pp | -0.2pp |
| EPS (Diluted) | $1.42 | $1.05 | $1.61 | 35.2% | -11.8% |
| Free Cash Flow | $140M | $357M | $1.0B | -60.9% | -86.5% |
| Item | Amount |
|---|---|
| REVENUE | $19.6B |
| Cost of Revenue | $19.1B |
| GROSS PROFIT | $477M |
| R&D Expenses | $0 |
| Selling & Marketing | $12M |
| General & Administrative | $54M |
| SG&A Expenses | $66M |
| Other Expenses | $66M |
| Operating Expenses | $131M |
| Cost & Expenses | $19.2B |
| OPERATING INCOME | $346M |
| Interest Income | $0 |
| Interest Expense | $249M |
| Other Income/Expenses | -$250M |
| INCOME BEFORE TAX | $96M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $67M |
| D&A | $14M |
| EBIT | $345M |
| EBITDA | $359M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $19.6B |
| Cost of Revenue | $19.1B |
| GROSS PROFIT | $477M |
| R&D Expenses | $0 |
| Selling & Marketing | $12M |
| General & Administrative | $54M |
| SG&A Expenses | $66M |
| Other Expenses | $66M |
| Operating Expenses | $131M |
| Cost & Expenses | $19.2B |
| OPERATING INCOME | $346M |
| Interest Income | $0 |
| Interest Expense | $249M |
| Other Income/Expenses | -$250M |
| INCOME BEFORE TAX | $96M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $67M |
| D&A | $14M |
| EBIT | $345M |
| EBITDA | $359M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $69M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $697M |
| Change in Working Capital | -$638M |
| OPERATING CASH FLOW | $152M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $78M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $77M |
| FREE CASH FLOW | $140M |
| Net Change in Cash | $223M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $8.3B |
| Inventory | $518M |
| Other Current Assets | $7.6B |
| TOTAL CURRENT ASSETS | $17.6B |
| PP&E (Net) | $265M |
| Goodwill | $59M |
| Intangible Assets | $21M |
| Long-Term Investments | $4.8B |
| Tax Assets | $37M |
| Other Non-Current Assets | $470M |
| TOTAL NON-CURRENT ASSETS | $5.7B |
| TOTAL ASSETS | $23.2B |
| Account Payables | $10.5B |
| Short-Term Debt | $419M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $11.5B |
| Long-Term Debt | $7.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $2.6B |
| TOTAL NON-CURRENT LIABILITIES | $10.3B |
| TOTAL LIABILITIES | $21.8B |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $379M |
| Retained Earnings | $1.2B |
| Treasury Stock | -$69M |
| Accum. Other Comp. Income | -$24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $23.2B |
| Total Debt | $8.0B |
| Net Debt | $6.9B |
