| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $718M | $1.1B | $629M | -35.9% | 14.2% |
| Op. Income | -$70M | $158M | -$116M | -144.5% | 39.2% |
| Gross Margin | 20.8% | 32.0% | 14.3% | -11.2pp | 6.5pp |
| Net Margin | -68.8% | -53.3% | -34.1% | -15.5pp | -34.8pp |
| EPS (Diluted) | $-2.23 | $-1.38 | $-0.50 | -61.6% | -346.0% |
| Free Cash Flow | $252M | $7M | $99M | 3636.0% | 153.8% |
| Item | Amount |
|---|---|
| REVENUE | $718M |
| Cost of Revenue | $569M |
| GROSS PROFIT | $149M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $220M |
| Other Expenses | $0 |
| Operating Expenses | $220M |
| Cost & Expenses | $789M |
| OPERATING INCOME | -$70M |
| Interest Income | $18M |
| Interest Expense | $117M |
| Other Income/Expenses | -$422M |
| INCOME BEFORE TAX | -$492M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$494M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$494M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$494M |
| D&A | $65M |
| EBIT | -$375M |
| EBITDA | -$310M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$494M |
| Depreciation & Amortization | $65M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $429M |
| Change in Working Capital | $477M |
| OPERATING CASH FLOW | $348M |
| Capital Expenditure | -$95M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$604.0K |
| NET CASH FROM INVESTING | -$100M |
| Net Debt Issuance | -$79M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$720.0K |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$85M |
| FREE CASH FLOW | $252M |
| Net Change in Cash | $84M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $0 |
| Net Receivables | $360M |
| Inventory | $54M |
| Other Current Assets | $514M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $6.0B |
| Goodwill | $0 |
| Intangible Assets | $64M |
| Long-Term Investments | $10M |
| Tax Assets | $52M |
| Other Non-Current Assets | $73M |
| TOTAL NON-CURRENT ASSETS | $6.2B |
| TOTAL ASSETS | $8.8B |
| Account Payables | $188M |
| Short-Term Debt | $260M |
| Deferred Revenue | $4.1B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.9B |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $4.5B |
| TOTAL NON-CURRENT LIABILITIES | $9.7B |
| TOTAL LIABILITIES | $14.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$6.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$42M |
| Other Equity | $187M |
| TOTAL STOCKHOLDERS' EQUITY | -$5.8B |
| Minority Interest | $3M |
| TOTAL EQUITY | -$5.8B |
| TOTAL LIABILITIES & EQUITY | $8.8B |
| Total Debt | $5.5B |
| Net Debt | $3.8B |
