| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $708M | — | $965M | — | -26.6% |
| Op. Income | $62M | — | $69M | — | -10.1% |
| Gross Margin | 18.8% | — | 24.0% | — | -5.3pp |
| Net Margin | 3.2% | — | 1.7% | — | 1.6pp |
| EPS (Diluted) | $0.15 | — | $0.10 | — | 50.0% |
| Free Cash Flow | -$172M | — | $86M | — | -300.0% |
| Item | Amount |
|---|---|
| REVENUE | $708M |
| Cost of Revenue | $575M |
| GROSS PROFIT | $133M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $71M |
| SG&A Expenses | $71M |
| Other Expenses | $0 |
| Operating Expenses | $71M |
| Cost & Expenses | $646M |
| OPERATING INCOME | $62M |
| Interest Income | $3M |
| Interest Expense | $33M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $71M |
| EBIT | $67M |
| EBITDA | $138M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $708M |
| Cost of Revenue | $575M |
| GROSS PROFIT | $133M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $71M |
| SG&A Expenses | $71M |
| Other Expenses | $0 |
| Operating Expenses | $71M |
| Cost & Expenses | $646M |
| OPERATING INCOME | $62M |
| Interest Income | $3M |
| Interest Expense | $33M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $71M |
| EBIT | $67M |
| EBITDA | $138M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $23M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $91M |
| Change in Working Capital | -$198M |
| OPERATING CASH FLOW | -$79M |
| Capital Expenditure | -$93M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$91M |
| Net Debt Issuance | $122M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $120M |
| FREE CASH FLOW | -$172M |
| Net Change in Cash | -$49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $115M |
| Short-Term Investments | $0 |
| Net Receivables | $418M |
| Inventory | $1.4B |
| Other Current Assets | $134M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $2.6B |
| Goodwill | $0 |
| Intangible Assets | $249M |
| Long-Term Investments | $0 |
| Tax Assets | $1.2B |
| Other Non-Current Assets | $202M |
| TOTAL NON-CURRENT ASSETS | $4.3B |
| TOTAL ASSETS | $6.4B |
| Account Payables | $410M |
| Short-Term Debt | $200M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $101M |
| TOTAL CURRENT LIABILITIES | $915M |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $152M |
| Other Non-Current Liabilities | $325M |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$785M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $50M |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $6.4B |
| Total Debt | $2.8B |
| Net Debt | $2.7B |
