| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $629M | $881M | — | -28.6% | — |
| Op. Income | -$116M | $27M | — | -527.5% | — |
| Gross Margin | 14.3% | 25.7% | — | -11.4pp | — |
| Net Margin | -34.1% | 21.9% | — | -56.0pp | — |
| EPS (Diluted) | $-0.50 | $0.45 | — | -211.1% | — |
| Free Cash Flow | $99M | -$143M | — | 169.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $629M |
| Cost of Revenue | $539M |
| GROSS PROFIT | $90M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $206M |
| Other Expenses | $0 |
| Operating Expenses | $206M |
| Cost & Expenses | $745M |
| OPERATING INCOME | -$116M |
| Interest Income | $9M |
| Interest Expense | $124M |
| Other Income/Expenses | -$96M |
| INCOME BEFORE TAX | -$211M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$214M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$214M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$214M |
| D&A | $63M |
| EBIT | -$88M |
| EBITDA | -$25M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$214M |
| Depreciation & Amortization | $63M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $127M |
| Change in Working Capital | $278M |
| OPERATING CASH FLOW | $225M |
| Capital Expenditure | -$126M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$121M |
| Net Debt Issuance | -$93M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$105M |
| NET CASH FROM FINANCING | -$199M |
| FREE CASH FLOW | $99M |
| Net Change in Cash | -$93M |
| Item | Amount |
|---|---|
| Cash & Equivalents | -$1.3B |
| Short-Term Investments | $2.5B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | -$1.3B |
| TOTAL NON-CURRENT ASSETS | -$1.3B |
| TOTAL ASSETS | $0 |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $0 |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3.5B |
| Other Equity | $3M |
| TOTAL STOCKHOLDERS' EQUITY | -$3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$3.5B |
| TOTAL LIABILITIES & EQUITY | -$3.5B |
| Total Debt | $0 |
| Net Debt | $1.3B |
