| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $838M | $893M | — | -6.1% | — |
| Op. Income | $84M | $119M | — | -29.4% | — |
| Gross Margin | 37.2% | 36.5% | — | 0.7pp | — |
| Net Margin | 7.4% | 9.4% | — | -2.0pp | — |
| EPS (Diluted) | $0.93 | $1.26 | — | -26.2% | — |
| Free Cash Flow | $136M | $95M | — | 43.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $838M |
| Cost of Revenue | $526M |
| GROSS PROFIT | $312M |
| R&D Expenses | $93M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $138M |
| Other Expenses | -$3M |
| Operating Expenses | $228M |
| Cost & Expenses | $754M |
| OPERATING INCOME | $84M |
| Interest Income | $2M |
| Interest Expense | $11M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $64M |
| EBIT | $91M |
| EBITDA | $156M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $838M |
| Cost of Revenue | $526M |
| GROSS PROFIT | $312M |
| R&D Expenses | $93M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $138M |
| Other Expenses | -$3M |
| Operating Expenses | $228M |
| Cost & Expenses | $754M |
| OPERATING INCOME | $84M |
| Interest Income | $2M |
| Interest Expense | $11M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $64M |
| EBIT | $91M |
| EBITDA | $156M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $62M |
| Depreciation & Amortization | $64M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $82M |
| OPERATING CASH FLOW | $220M |
| Capital Expenditure | -$84M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$85M |
| Net Debt Issuance | -$55M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | -$27M |
| Other Financing Activities | $14M |
| NET CASH FROM FINANCING | -$78M |
| FREE CASH FLOW | $136M |
| Net Change in Cash | $72M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $224M |
| Short-Term Investments | $0 |
| Net Receivables | $678M |
| Inventory | $513M |
| Other Current Assets | $135M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $1.5B |
| Goodwill | $963M |
| Intangible Assets | $283M |
| Long-Term Investments | $49M |
| Tax Assets | $0 |
| Other Non-Current Assets | $70M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $4.5B |
| Account Payables | $329M |
| Short-Term Debt | $458M |
| Deferred Revenue | $61M |
| Other Current Liabilities | $222M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $681M |
| Deferred Revenue NC | $38M |
| Deferred Tax Liabilities | $19M |
| Other Non-Current Liabilities | $96M |
| TOTAL NON-CURRENT LIABILITIES | $879M |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $717.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $2.1B |
| Treasury Stock | -$539M |
| Accum. Other Comp. Income | -$309M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $14M |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $4.5B |
| Total Debt | $1.2B |
| Net Debt | $961M |
