| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.7B | $10.5B | $12.0B | -7.6% | -19.1% |
| Op. Income | $74M | $104M | $53M | -29.4% | 39.1% |
| Gross Margin | 1.6% | 1.7% | 1.0% | -0.1pp | 0.5pp |
| Net Margin | -1.0% | 0.3% | -0.3% | -1.4pp | -0.8pp |
| EPS (Diluted) | $-2.84 | $0.57 | $-0.58 | -598.2% | -389.7% |
| Free Cash Flow | $103M | -$57M | -$15M | 280.8% | 774.3% |
| Item | Amount |
|---|---|
| REVENUE | $9.7B |
| Cost of Revenue | $9.6B |
| GROSS PROFIT | $151M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $77M |
| Other Expenses | $0 |
| Operating Expenses | $77M |
| Cost & Expenses | $9.7B |
| OPERATING INCOME | $74M |
| Interest Income | $5M |
| Interest Expense | $27M |
| Other Income/Expenses | -$175M |
| INCOME BEFORE TAX | -$101M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$101M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$102M |
| Net Income Deductions | $67M |
| BOTTOM LINE NET INCOME | -$169M |
| D&A | $31M |
| EBIT | -$71M |
| EBITDA | -$40M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$101M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $159M |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $120M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | -$40M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $23M |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | -$13M |
| Common Stock Repurchased | -$43M |
| Common Dividends Paid | -$10M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$68M |
| FREE CASH FLOW | $103M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $383M |
| Short-Term Investments | $0 |
| Net Receivables | $2.4B |
| Inventory | $514M |
| Other Current Assets | $559M |
| TOTAL CURRENT ASSETS | $4.0B |
| PP&E (Net) | $513M |
| Goodwill | $1.2B |
| Intangible Assets | $261M |
| Long-Term Investments | $70M |
| Tax Assets | $0 |
| Other Non-Current Assets | $746M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $2.7B |
| Short-Term Debt | $116M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $595M |
| TOTAL CURRENT LIABILITIES | $3.4B |
| Long-Term Debt | $774M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $397M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $4.8B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $30M |
| Retained Earnings | $2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$91M |
| Other Equity | -$100.0K |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $7M |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $1.1B |
| Net Debt | $674M |
