RE:RE:Disappointing I think it is most important to understand the total debt picture, as its different constituents have different implications.
Net debt looks at non-current debt (long-term), current debt, cash, and cash equivalents.
Here long-term decreased by $112 million and short-term debt by $3 million. Those are the numbers they provide which don't match the debt repayment of $117 they also provide, but they're close. However, cash and equivalents decreased by $107 million.
Debt went down because they spent $107 million they had on hand at the end of 2022. Almost all of the debt decrease had nothing to do with Q1 operations. By focusing on long-term debt they ignore the fact that it wasn't due to Q1 operations. At best they are cherry picking stats to look good.