| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18.3B | $18.6B | $18.3B | -1.2% | 0.4% |
| Op. Income | $426M | $566M | $434M | -24.7% | -1.7% |
| Gross Margin | 28.0% | 28.0% | 27.8% | 0.0pp | 0.2pp |
| Net Margin | 1.4% | 1.9% | 1.7% | -0.6pp | -0.3pp |
| EPS (Diluted) | $0.43 | $0.62 | $1.04 | -30.6% | -58.7% |
| Free Cash Flow | $432M | -$68M | $195M | 737.8% | 121.9% |
| Item | Amount |
|---|---|
| REVENUE | $18.3B |
| Cost of Revenue | $13.2B |
| GROSS PROFIT | $5.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4.7B |
| Other Expenses | $800.0K |
| Operating Expenses | $4.7B |
| Cost & Expenses | $17.9B |
| OPERATING INCOME | $426M |
| Interest Income | $0 |
| Interest Expense | $109M |
| Other Income/Expenses | -$111M |
| INCOME BEFORE TAX | $315M |
| Income Tax Expense | $64M |
| Net Income from Continuing Ops | $251M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $251M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $251M |
| D&A | $574M |
| EBIT | $424M |
| EBITDA | $998M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $18.3B |
| Cost of Revenue | $13.2B |
| GROSS PROFIT | $5.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4.7B |
| Other Expenses | $800.0K |
| Operating Expenses | $4.7B |
| Cost & Expenses | $17.9B |
| OPERATING INCOME | $426M |
| Interest Income | $0 |
| Interest Expense | $109M |
| Other Income/Expenses | -$111M |
| INCOME BEFORE TAX | $315M |
| Income Tax Expense | $64M |
| Net Income from Continuing Ops | $251M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $251M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $251M |
| D&A | $574M |
| EBIT | $424M |
| EBITDA | $998M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $251M |
| Depreciation & Amortization | $493M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $61M |
| Change in Working Capital | $96M |
| OPERATING CASH FLOW | $929M |
| Capital Expenditure | -$496M |
| Acquisitions (Net) | $16M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $62M |
| NET CASH FROM INVESTING | -$418M |
| Net Debt Issuance | -$474M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$69M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$545M |
| FREE CASH FLOW | $432M |
| Net Change in Cash | -$34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $189M |
| Short-Term Investments | $23M |
| Net Receivables | $724M |
| Inventory | $4.9B |
| Other Current Assets | $36M |
| TOTAL CURRENT ASSETS | $6.3B |
| PP&E (Net) | $15.6B |
| Goodwill | $1.2B |
| Intangible Assets | $2.4B |
| Long-Term Investments | $241M |
| Tax Assets | $2.6B |
| Other Non-Current Assets | $506M |
| TOTAL NON-CURRENT ASSETS | $22.5B |
| TOTAL ASSETS | $28.8B |
| Account Payables | $4.2B |
| Short-Term Debt | $963M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $958M |
| TOTAL CURRENT LIABILITIES | $7.5B |
| Long-Term Debt | $7.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.4B |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $18.6B |
| TOTAL LIABILITIES | $26.0B |
| Common Stock | $6M |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | $828M |
| Treasury Stock | -$304M |
| Accum. Other Comp. Income | $88M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $28.8B |
| Total Debt | $14.2B |
| Net Debt | $14.1B |
