Income Statement | | | | | | | | | | | |
| | | | | | | Original | | | | |
USD | | | Latest | | Year-to-date Ending | |
(in millions) | Dec-20 | Dec-21 | Dec-22 | Dec-23 | Dec-24 | | Dec-24 | | Dec-23 | Dec-24 | |
| FY - 4 | FY - 3 | FY - 2 | FY - 1 | FY | | LTM | | YTD-1 | YTD | |
| | | | | | | | | | | |
Net Revenue | (206) | 292 | (68) | 210 | 143 | | 143 | | 210 | 143 | |
% Growth | NA | -241.8% | -123.4% | -407.0% | -31.8% | | | | | -31.8% | |
| | | | | | | | | | | |
Research and Development | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Selling and Marketing | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
General and Admin | (42) | (49) | (52) | (50) | (49) | | (49) | | (50) | (49) | |
Other Exp / (Inc) | (39) | (52) | (219) | (238) | (187) | | (187) | | (238) | (187) | |
Total Operating Exp | (82) | (101) | (272) | (288) | (236) | | (236) | | (288) | (236) | |
| | | | | | | | | | | |
Operating Income | (287) | 191 | (340) | (78) | (93) | | (93) | | (78) | (93) | |
% Revenue | 139.6% | 65.4% | 497.2% | -37.0% | -64.9% | | -64.9% | | -37.0% | -64.9% | |
| | | | | | | | | | | |
Interest Expense | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Pre-tax Income | (287) | 191 | (340) | (78) | (93) | | (93) | | (78) | (93) | |
Earnings of Discontinued Ops. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Provision for Taxes | (1) | (2) | (1) | (0) | (1) | | (1) | | (0) | (1) | |
Net Income to Company | (288) | 188 | (341) | (78) | (94) | | (94) | | (78) | (94) | |
% Margin | 140.1% | 64.6% | 498.0% | -37.0% | -65.6% | | -65.6% | | -37.0% | -65.6% | |
| | | | | | | | | | | |
Minority Interest in Earnings | (0) | 5 | 42 | 29 | 32 | | 32 | | 29 | 32 | |
Net Income to Stockholders | (289) | 193 | (299) | (49) | (62) | | (62) | | (49) | (62) | |
| | | | | | | | | | | |
Preferred Dividends | (41) | (43) | (42) | (42) | (42) | | (42) | | (42) | (42) | |
Other Adj. | (0) | (6) | 0 | 0 | 0 | | 0 | | 0 | 0 | |
| | | | | | | | | | | |
Net Income to Common | (330) | 144 | (341) | (90) | (104) | | (104) | | (90) | (104) | |
% Margin | 160.3% | 49.4% | 497.9% | -42.9% | -72.5% | | -72.5% | | -42.9% | -72.5% | |
| | | | | | | | | | | |
As Reported | | | | | | | | | | | |
Basic EPS (Continuing Ops) | (3.55) | 1.52 | (3.61) | (0.99) | (1.14) | | (1.14) | | (0.99) | (1.14) | |
Diluted EPS (Continuing Ops) | (3.56) | 1.51 | (3.61) | (0.99) | (1.14) | | (1.14) | | (0.99) | (1.14) | |
| | | | | | | | | | | |
WA Basic Shares Out. | 93 | 95 | 94 | 91 | 91 | | 91 | | 91 | 91 | |
WA Diluted Shares Out. | 93 | 95 | 94 | 91 | 91 | | 91 | | 91 | 91 | |
| | | | | | | | | | | |
Unusual Items Reconciliation | | | | | | | | | | | |
Addback: Other Non Operating Expenses, Total | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Restructuring Charges | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Merger / Acquisition Expenses | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Goodwill Impairment | 25 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Gain (Loss) On Sale Of Invest. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Gain (Loss) On Sale Of Assets | 0 | 0 | (17) | 11 | (13) | | (13) | | 11 | (13) | |
Addback: Asset Writedown | 2 | 0 | 2 | 90 | 49 | | 49 | | 90 | 49 | |
Addback: In Process R&D Expenses | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Insurance Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Legal Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Other Unusual Items | 0 | (4) | (6) | 0 | 3 | | 3 | | 0 | 3 | |
Total Unusual Items | 27 | (4) | (21) | 101 | 38 | | 38 | | 101 | 38 | |
% Margin | -13.1% | -1.2% | 30.5% | 48.3% | 26.8% | | 26.8% | | 48.3% | 26.8% | |
| | | | | | | | | | | |
Adjusted Net Income Reconciliation | | | | | | | | | | | |
Net Income to Company | (288) | 188 | (341) | (78) | (94) | | (94) | | (78) | (94) | |
Addback: Unusual Items | 27 | (4) | (21) | 101 | 38 | | 38 | | 101 | 38 | |
Less: Tax Benefit of Unusual Items (26%) | (7) | 1 | 5 | (26) | (10) | | (10) | | (26) | (10) | |
Adjusted Net Income | (268) | 186 | (356) | (3) | (66) | | (66) | | (3) | (66) | |
% Margin | 130.4% | 63.7% | 520.6% | -1.3% | -45.8% | | -45.8% | | -1.3% | -45.8% | |
| | | | | | | | | | | |
Adjusted Basic EPS | (2.89) | 1.96 | (3.78) | (0.03) | (0.72) | | (0.72) | | (0.03) | (0.72) | |