| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.6B | $2.8B | $2.5B | -10.1% | 3.0% |
| Op. Income | $32M | $211M | $23M | -84.8% | 39.1% |
| Gross Margin | 18.9% | 26.5% | 22.9% | -7.6pp | -4.0pp |
| Net Margin | -0.1% | 4.9% | 0.9% | -5.0pp | -1.0pp |
| EPS (Diluted) | $-0.02 | $1.08 | $0.17 | -101.5% | -109.2% |
| Free Cash Flow | -$556M | -$86M | -$715M | -546.5% | 22.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $482M |
| R&D Expenses | $0 |
| Selling & Marketing | $72M |
| General & Administrative | $0 |
| SG&A Expenses | $72M |
| Other Expenses | $378M |
| Operating Expenses | $450M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $32M |
| Interest Income | $18M |
| Interest Expense | $31M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $96M |
| EBIT | $64M |
| EBITDA | $160M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $121M |
| Stock-Based Compensation | -$73M |
| Deferred Income Tax | $89M |
| Other Non-Cash Items | $23M |
| Change in Working Capital | -$211M |
| OPERATING CASH FLOW | -$53M |
| Capital Expenditure | -$503M |
| Acquisitions (Net) | $32M |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $346M |
| Other Investing Activities | -$12M |
| NET CASH FROM INVESTING | -$154M |
| Net Debt Issuance | $58M |
| Common Stock Repurchased | -$67M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$150M |
| NET CASH FROM FINANCING | -$159M |
| FREE CASH FLOW | -$556M |
| Net Change in Cash | -$366M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $281M |
| Short-Term Investments | $1.5B |
| Net Receivables | $383M |
| Inventory | $116M |
| Other Current Assets | $239M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $9.6B |
| Goodwill | $2.0B |
| Intangible Assets | $0 |
| Long-Term Investments | $30M |
| Tax Assets | $1.2B |
| Other Non-Current Assets | $262M |
| TOTAL NON-CURRENT ASSETS | $13.1B |
| TOTAL ASSETS | $15.8B |
| Account Payables | $207M |
| Short-Term Debt | $511M |
| Deferred Revenue | $2.4B |
| Other Current Liabilities | $800M |
| TOTAL CURRENT LIABILITIES | $4.5B |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $1.4B |
| Deferred Tax Liabilities | $1.9B |
| Other Non-Current Liabilities | $657M |
| TOTAL NON-CURRENT LIABILITIES | $7.3B |
| TOTAL LIABILITIES | $11.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $695M |
| Retained Earnings | $4.5B |
| Treasury Stock | -$819M |
| Accum. Other Comp. Income | -$299M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $15.8B |
| Total Debt | $3.8B |
| Net Debt | $3.5B |
