| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.8B | $1.7B | -14.9% | -12.4% |
| Op. Income | -$13M | $86M | $101M | -115.1% | -112.9% |
| Gross Margin | 29.5% | 33.5% | 32.7% | -4.0pp | -3.2pp |
| Net Margin | -7.5% | -3.3% | 4.1% | -4.2pp | -11.7pp |
| EPS (Diluted) | $-0.94 | $-0.50 | $0.42 | -88.0% | -323.8% |
| Free Cash Flow | -$89M | $379M | $70M | -123.5% | -227.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $443M |
| R&D Expenses | $49M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $397M |
| Other Expenses | $10M |
| Operating Expenses | $456M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | -$13M |
| Interest Income | $3M |
| Interest Expense | $26M |
| Other Income/Expenses | -$137M |
| INCOME BEFORE TAX | -$150M |
| Income Tax Expense | -$37M |
| Net Income from Continuing Ops | -$113M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$113M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$117M |
| D&A | $59M |
| EBIT | -$124M |
| EBITDA | -$65M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$113M |
| Depreciation & Amortization | $59M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $116M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$155M |
| OPERATING CASH FLOW | -$79M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $4M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | $335M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$37M |
| Other Financing Activities | -$34M |
| NET CASH FROM FINANCING | $261M |
| FREE CASH FLOW | -$89M |
| Net Change in Cash | $155M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $685M |
| Short-Term Investments | $0 |
| Net Receivables | $1.7B |
| Inventory | $736M |
| Other Current Assets | $231M |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $677M |
| Goodwill | $2.7B |
| Intangible Assets | $165M |
| Long-Term Investments | $1.4B |
| Tax Assets | $749M |
| Other Non-Current Assets | $850M |
| TOTAL NON-CURRENT ASSETS | $6.6B |
| TOTAL ASSETS | $9.9B |
| Account Payables | $1.0B |
| Short-Term Debt | $405M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.4B |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $4.9B |
| TOTAL LIABILITIES | $7.3B |
| Common Stock | $124M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $4.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $13M |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $9.9B |
| Total Debt | $3.8B |
| Net Debt | $3.1B |
