| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $953M | $864M | $702M | 10.3% | 35.7% |
| Op. Income | $270M | $186M | -$22M | 44.7% | 1301.8% |
| Gross Margin | 71.3% | 69.3% | 47.4% | 2.0pp | 23.9pp |
| Net Margin | 18.1% | 12.6% | -11.3% | 5.5pp | 29.4pp |
| EPS (Diluted) | $0.49 | $0.30 | $-0.21 | 63.3% | 333.3% |
| Free Cash Flow | $350M | $186M | $162M | 88.7% | 116.5% |
| Item | Amount |
|---|---|
| REVENUE | $953M |
| Cost of Revenue | $274M |
| GROSS PROFIT | $680M |
| R&D Expenses | $151M |
| Selling & Marketing | $223M |
| General & Administrative | $36M |
| SG&A Expenses | $259M |
| Other Expenses | $0 |
| Operating Expenses | $410M |
| Cost & Expenses | $684M |
| OPERATING INCOME | $270M |
| Interest Income | $0 |
| Interest Expense | $67M |
| Other Income/Expenses | -$91M |
| INCOME BEFORE TAX | $179M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $172M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $172M |
| Net Income Deductions | -$21.0K |
| BOTTOM LINE NET INCOME | $171M |
| D&A | $119M |
| EBIT | $250M |
| EBITDA | $370M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $953M |
| Cost of Revenue | $274M |
| GROSS PROFIT | $680M |
| R&D Expenses | $151M |
| Selling & Marketing | $223M |
| General & Administrative | $36M |
| SG&A Expenses | $259M |
| Other Expenses | $0 |
| Operating Expenses | $410M |
| Cost & Expenses | $684M |
| OPERATING INCOME | $270M |
| Interest Income | $0 |
| Interest Expense | $67M |
| Other Income/Expenses | -$91M |
| INCOME BEFORE TAX | $179M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $172M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $172M |
| Net Income Deductions | -$21.0K |
| BOTTOM LINE NET INCOME | $171M |
| D&A | $119M |
| EBIT | $250M |
| EBITDA | $370M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $172M |
| Depreciation & Amortization | $119M |
| Stock-Based Compensation | $88M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $40M |
| Change in Working Capital | -$75M |
| OPERATING CASH FLOW | $344M |
| Capital Expenditure | $6M |
| Acquisitions (Net) | -$12M |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$28M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$143M |
| NET CASH FROM FINANCING | -$171M |
| FREE CASH FLOW | $350M |
| Net Change in Cash | $170M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $502M |
| Short-Term Investments | $0 |
| Net Receivables | $954M |
| Inventory | $0 |
| Other Current Assets | $160M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $222M |
| Goodwill | $1.8B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $386M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $5.4B |
| Account Payables | $372M |
| Short-Term Debt | $215M |
| Deferred Revenue | $79M |
| Other Current Liabilities | $48M |
| TOTAL CURRENT LIABILITIES | $944M |
| Long-Term Debt | $2.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $210M |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$813M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$65M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $5.4B |
| Total Debt | $3.2B |
| Net Debt | $2.7B |
