| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $818M | $853M | $1.1B | -4.1% | -27.3% |
| Op. Income | $34M | $87M | $119M | -60.7% | -71.3% |
| Gross Margin | 26.8% | 33.9% | 33.3% | -7.1pp | -6.5pp |
| Net Margin | 1.5% | 6.2% | 7.3% | -4.7pp | -5.7pp |
| EPS (Diluted) | $0.33 | $1.39 | $1.88 | -76.3% | -82.4% |
| Free Cash Flow | -$73M | $142M | $91M | -151.1% | -180.1% |
| Item | Amount |
|---|---|
| REVENUE | $818M |
| Cost of Revenue | $599M |
| GROSS PROFIT | $220M |
| R&D Expenses | $0 |
| Selling & Marketing | -$385M |
| General & Administrative | $571M |
| SG&A Expenses | $185M |
| Other Expenses | $0 |
| Operating Expenses | $185M |
| Cost & Expenses | $784M |
| OPERATING INCOME | $34M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $43M |
| EBIT | $34M |
| EBITDA | $77M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $818M |
| Cost of Revenue | $599M |
| GROSS PROFIT | $220M |
| R&D Expenses | $0 |
| Selling & Marketing | -$385M |
| General & Administrative | $571M |
| SG&A Expenses | $185M |
| Other Expenses | $0 |
| Operating Expenses | $185M |
| Cost & Expenses | $784M |
| OPERATING INCOME | $34M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $43M |
| EBIT | $34M |
| EBITDA | $77M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $43M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$21M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$85M |
| OPERATING CASH FLOW | -$41M |
| Capital Expenditure | -$32M |
| Acquisitions (Net) | -$292M |
| Purchases of Investments | $322M |
| Sales/Maturities of Investments | -$77.0K |
| Other Investing Activities | -$322M |
| NET CASH FROM INVESTING | -$324M |
| Net Debt Issuance | $365M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $363M |
| FREE CASH FLOW | -$73M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $33M |
| Short-Term Investments | $0 |
| Net Receivables | $747M |
| Inventory | $0 |
| Other Current Assets | $40M |
| TOTAL CURRENT ASSETS | $842M |
| PP&E (Net) | $226M |
| Goodwill | $1.1B |
| Intangible Assets | $474M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $271M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $2.9B |
| Account Payables | $177M |
| Short-Term Debt | $0 |
| Deferred Revenue | $20M |
| Other Current Liabilities | $223M |
| TOTAL CURRENT LIABILITIES | $656M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $23M |
| Other Non-Current Liabilities | $71M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $504.0K |
| Additional Paid-In Capital | $507M |
| Retained Earnings | $1.5B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$423.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $831M |
| Minority Interest | $0 |
| TOTAL EQUITY | $831M |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $1.4B |
| Net Debt | $1.3B |
