| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $379M | $386M | $313M | -1.7% | 21.1% |
| Op. Income | $90M | $105M | $105M | -13.9% | -13.5% |
| Gross Margin | 60.7% | 61.8% | 73.7% | -1.1pp | -13.0pp |
| Net Margin | 17.4% | 20.8% | 26.2% | -3.4pp | -8.9pp |
| EPS (Diluted) | $0.96 | $1.16 | $1.18 | -17.2% | -18.6% |
| Free Cash Flow | $207M | $128M | -$3M | 61.6% | 8134.1% |
| Item | Amount |
|---|---|
| REVENUE | $379M |
| Cost of Revenue | $149M |
| GROSS PROFIT | $230M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $103M |
| SG&A Expenses | $106M |
| Other Expenses | $34M |
| Operating Expenses | $140M |
| Cost & Expenses | $289M |
| OPERATING INCOME | $90M |
| Interest Income | $332M |
| Interest Expense | $126M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $90M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $66M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $66M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $66M |
| D&A | $12M |
| EBIT | $90M |
| EBITDA | $103M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $379M |
| Cost of Revenue | $149M |
| GROSS PROFIT | $230M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $103M |
| SG&A Expenses | $106M |
| Other Expenses | $34M |
| Operating Expenses | $140M |
| Cost & Expenses | $289M |
| OPERATING INCOME | $90M |
| Interest Income | $332M |
| Interest Expense | $126M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $90M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $66M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $66M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $66M |
| D&A | $12M |
| EBIT | $90M |
| EBITDA | $103M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $66M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $113M |
| Change in Working Capital | $27M |
| OPERATING CASH FLOW | $213M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$30M |
| Sales/Maturities of Investments | $119M |
| Other Investing Activities | -$79M |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | -$700M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$10M |
| Other Financing Activities | $118M |
| NET CASH FROM FINANCING | -$595M |
| FREE CASH FLOW | $207M |
| Net Change in Cash | -$378M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $1.4B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $216M |
| Goodwill | $1.0B |
| Intangible Assets | $88M |
| Long-Term Investments | $20.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $857M |
| TOTAL NON-CURRENT ASSETS | $22.6B |
| TOTAL ASSETS | $25.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20.7B |
| TOTAL CURRENT LIABILITIES | $20.7B |
| Long-Term Debt | $640M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $429M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $21.8B |
| Common Stock | $73M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $1.5B |
| Treasury Stock | -$95M |
| Accum. Other Comp. Income | -$36M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $25.2B |
| Total Debt | $640M |
| Net Debt | -$527M |
