| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $399M | $410M | $355M | -2.7% | 12.6% |
| Op. Income | $45M | $24M | $206M | 90.9% | -78.2% |
| Gross Margin | 51.4% | 39.0% | 67.1% | 12.5pp | -15.6pp |
| Net Margin | 0.4% | -143.1% | 78.4% | 143.5pp | -77.9pp |
| EPS (Diluted) | $0.01 | $-3.59 | $1.66 | 100.3% | -99.4% |
| Free Cash Flow | $120M | $249M | $171M | -51.9% | -29.9% |
| Item | Amount |
|---|---|
| REVENUE | $399M |
| Cost of Revenue | $194M |
| GROSS PROFIT | $205M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | $139M |
| Operating Expenses | $160M |
| Cost & Expenses | $354M |
| OPERATING INCOME | $45M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $130M |
| EBIT | $54M |
| EBITDA | $184M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $399M |
| Cost of Revenue | $194M |
| GROSS PROFIT | $205M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | $139M |
| Operating Expenses | $160M |
| Cost & Expenses | $354M |
| OPERATING INCOME | $45M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $130M |
| EBIT | $54M |
| EBITDA | $184M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $130M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $12M |
| Other Non-Cash Items | $163M |
| Change in Working Capital | -$53M |
| OPERATING CASH FLOW | $259M |
| Capital Expenditure | -$139M |
| Acquisitions (Net) | -$277.0K |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $14M |
| NET CASH FROM INVESTING | -$133M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | -$27M |
| Common Dividends Paid | -$12M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$44M |
| FREE CASH FLOW | $120M |
| Net Change in Cash | $83M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $186M |
| Short-Term Investments | $0 |
| Net Receivables | $267M |
| Inventory | $24M |
| Other Current Assets | $117M |
| TOTAL CURRENT ASSETS | $648M |
| PP&E (Net) | $3.8B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $59M |
| Tax Assets | $115M |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $297M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $561M |
| Long-Term Debt | $682M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $272M |
| Other Non-Current Liabilities | $907M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $3.0B |
| Additional Paid-In Capital | $36M |
| Retained Earnings | -$917M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $79M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $703M |
| Net Debt | $517M |
