| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.6B | $7.4B | $7.5B | 1.8% | 0.3% |
| Op. Income | -$16M | -$75M | $99M | 78.7% | -116.2% |
| Gross Margin | 13.6% | 13.0% | 14.6% | 0.6pp | -0.9pp |
| Net Margin | -0.5% | -0.9% | 0.9% | 0.4pp | -1.4pp |
| EPS (Diluted) | $-0.66 | $-1.16 | $1.07 | 43.1% | -161.7% |
| Free Cash Flow | -$328M | $117M | -$329M | -380.3% | 0.3% |
| Item | Amount |
|---|---|
| REVENUE | $7.6B |
| Cost of Revenue | $6.5B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | -$3M |
| SG&A Expenses | -$3M |
| Other Expenses | $1.0B |
| Operating Expenses | $1.0B |
| Cost & Expenses | $7.5B |
| OPERATING INCOME | -$16M |
| Interest Income | $1M |
| Interest Expense | $41M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | -$48M |
| Income Tax Expense | -$9M |
| Net Income from Continuing Ops | -$39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$39M |
| D&A | $78M |
| EBIT | -$14M |
| EBITDA | $64M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$39M |
| Depreciation & Amortization | $78M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$319M |
| OPERATING CASH FLOW | -$254M |
| Capital Expenditure | -$74M |
| Acquisitions (Net) | $9M |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$72M |
| Net Debt Issuance | $334M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | $326M |
| FREE CASH FLOW | -$328M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $37M |
| Short-Term Investments | $0 |
| Net Receivables | $1.0B |
| Inventory | $2.6B |
| Other Current Assets | $259M |
| TOTAL CURRENT ASSETS | $4.0B |
| PP&E (Net) | $3.0B |
| Goodwill | $19M |
| Intangible Assets | $703M |
| Long-Term Investments | $11M |
| Tax Assets | $32M |
| Other Non-Current Assets | $164M |
| TOTAL NON-CURRENT ASSETS | $3.9B |
| TOTAL ASSETS | $7.8B |
| Account Payables | $1.9B |
| Short-Term Debt | $16M |
| Deferred Revenue | -$16M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $176M |
| TOTAL NON-CURRENT LIABILITIES | $3.6B |
| TOTAL LIABILITIES | $6.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $606M |
| Retained Earnings | $1.2B |
| Treasury Stock | -$86M |
| Accum. Other Comp. Income | -$33M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $7.8B |
| Total Debt | $3.6B |
| Net Debt | $3.6B |
