| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $605M | $609M | $271M | -0.7% | 123.2% |
| Op. Income | -$153M | -$86M | -$92M | -77.9% | -66.3% |
| Gross Margin | -10.2% | -2.6% | -71.6% | -7.6pp | 61.3pp |
| Net Margin | -20.0% | -8.7% | -33.6% | -11.3pp | 13.6pp |
| EPS (Diluted) | $-0.56 | $-0.25 | $-0.42 | -124.0% | -33.3% |
| Free Cash Flow | -$119M | $77M | $27M | -254.5% | -540.7% |
| Item | Amount |
|---|---|
| REVENUE | $605M |
| Cost of Revenue | $667M |
| GROSS PROFIT | -$62M |
| R&D Expenses | $0 |
| Selling & Marketing | $32M |
| General & Administrative | $0 |
| SG&A Expenses | $32M |
| Other Expenses | $48M |
| Operating Expenses | $80M |
| Cost & Expenses | $747M |
| OPERATING INCOME | -$153M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$161M |
| Income Tax Expense | -$40M |
| Net Income from Continuing Ops | -$121M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$121M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$121M |
| D&A | $13M |
| EBIT | -$153M |
| EBITDA | -$140M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$121M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$40M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $58M |
| OPERATING CASH FLOW | -$87M |
| Capital Expenditure | -$32M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | -$68M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$71M |
| FREE CASH FLOW | -$119M |
| Net Change in Cash | -$191M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $727M |
| Short-Term Investments | $0 |
| Net Receivables | $65M |
| Inventory | $41M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $876M |
| PP&E (Net) | $2.6B |
| Goodwill | $0 |
| Intangible Assets | $28M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $638M |
| TOTAL NON-CURRENT ASSETS | $3.3B |
| TOTAL ASSETS | $4.1B |
| Account Payables | $93M |
| Short-Term Debt | $145M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $581M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $207M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $108M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $3.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $381M |
| Retained Earnings | $38M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $409M |
| Minority Interest | $0 |
| TOTAL EQUITY | $409M |
| TOTAL LIABILITIES & EQUITY | $4.1B |
| Total Debt | $2.8B |
| Net Debt | $2.0B |
