| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.9B | — | $4.4B | — | 11.6% |
| Op. Income | $278M | — | $198M | — | 40.2% |
| Gross Margin | 10.6% | — | 9.9% | — | 0.7pp |
| Net Margin | 4.2% | — | 1.7% | — | 2.5pp |
| EPS (Diluted) | $0.78 | — | $0.29 | — | 169.0% |
| Free Cash Flow | $916M | — | $732M | — | 25.1% |
| Item | Amount |
|---|---|
| REVENUE | $4.9B |
| Cost of Revenue | $4.4B |
| GROSS PROFIT | $520M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $104M |
| Other Expenses | $138M |
| Operating Expenses | $242M |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $278M |
| Interest Income | $0 |
| Interest Expense | $111M |
| Other Income/Expenses | -$60M |
| INCOME BEFORE TAX | $218M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $205M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $205M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $205M |
| D&A | $138M |
| EBIT | $331M |
| EBITDA | $469M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.9B |
| Cost of Revenue | $4.4B |
| GROSS PROFIT | $520M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $104M |
| Other Expenses | $138M |
| Operating Expenses | $242M |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $278M |
| Interest Income | $0 |
| Interest Expense | $111M |
| Other Income/Expenses | -$60M |
| INCOME BEFORE TAX | $218M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $205M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $205M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $205M |
| D&A | $138M |
| EBIT | $331M |
| EBITDA | $469M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $205M |
| Depreciation & Amortization | $138M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $21M |
| Other Non-Cash Items | -$80M |
| Change in Working Capital | $731M |
| OPERATING CASH FLOW | $1.0B |
| Capital Expenditure | -$121M |
| Acquisitions (Net) | $61M |
| Purchases of Investments | -$40M |
| Sales/Maturities of Investments | $40M |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | -$73M |
| Net Debt Issuance | $634M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$29M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $606M |
| FREE CASH FLOW | $916M |
| Net Change in Cash | $1.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $111M |
| Net Receivables | $2.0B |
| Inventory | $404M |
| Other Current Assets | $621M |
| TOTAL CURRENT ASSETS | $5.2B |
| PP&E (Net) | $2.0B |
| Goodwill | $4.6B |
| Intangible Assets | $2.0B |
| Long-Term Investments | $158M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.9B |
| TOTAL NON-CURRENT ASSETS | $11.7B |
| TOTAL ASSETS | $16.9B |
| Account Payables | $1.3B |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $350M |
| Other Current Liabilities | $396M |
| TOTAL CURRENT LIABILITIES | $5.0B |
| Long-Term Debt | $5.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $411M |
| Other Non-Current Liabilities | $2.4B |
| TOTAL NON-CURRENT LIABILITIES | $8.1B |
| TOTAL LIABILITIES | $13.2B |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.8B |
| Retained Earnings | $964M |
| Treasury Stock | -$982M |
| Accum. Other Comp. Income | -$98M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $8M |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $16.9B |
| Total Debt | $6.9B |
| Net Debt | $5.0B |
