| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $410M | $385M | $566M | 6.6% | -27.5% |
| Op. Income | $24M | $0 | $437M | — | -94.6% |
| Gross Margin | 39.0% | 55.5% | 79.6% | -16.5pp | -40.6pp |
| Net Margin | -143.1% | 10.9% | 51.1% | -153.9pp | -194.1pp |
| EPS (Diluted) | $-3.59 | $0.25 | $1.77 | -1544.1% | -302.9% |
| Free Cash Flow | $249M | -$8M | $238M | 3376.5% | 4.5% |
| Item | Amount |
|---|---|
| REVENUE | $410M |
| Cost of Revenue | $250M |
| GROSS PROFIT | $160M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $116M |
| Operating Expenses | $136M |
| Cost & Expenses | $387M |
| OPERATING INCOME | $24M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$692M |
| INCOME BEFORE TAX | -$669M |
| Income Tax Expense | -$82M |
| Net Income from Continuing Ops | -$587M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$587M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$587M |
| D&A | $189M |
| EBIT | -$652M |
| EBITDA | -$463M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$587M |
| Depreciation & Amortization | $917M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$81M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $475.7K |
| OPERATING CASH FLOW | $251M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $11M |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | -$338M |
| Other Investing Activities | $245M |
| NET CASH FROM INVESTING | -$97M |
| Net Debt Issuance | -$27M |
| Common Stock Repurchased | -$21M |
| Common Dividends Paid | -$12M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$60M |
| FREE CASH FLOW | $249M |
| Net Change in Cash | $103M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $103M |
| Short-Term Investments | $0 |
| Net Receivables | $178M |
| Inventory | $42M |
| Other Current Assets | $229M |
| TOTAL CURRENT ASSETS | $602M |
| PP&E (Net) | $3.7B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $54M |
| Tax Assets | $133M |
| Other Non-Current Assets | $56M |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $278M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $534.9K |
| TOTAL CURRENT LIABILITIES | $509M |
| Long-Term Debt | $668M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $278M |
| Other Non-Current Liabilities | $862M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $3.0B |
| Additional Paid-In Capital | $32M |
| Retained Earnings | -$923M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $80M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $692M |
| Net Debt | $589M |
