| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $288M | $273M | $227M | 5.7% | 27.3% |
| Op. Income | $67M | $66M | $82M | 2.0% | -18.8% |
| Gross Margin | 60.2% | 63.3% | 80.4% | -3.0pp | -20.1pp |
| Net Margin | 19.7% | 19.8% | 31.1% | -0.1pp | -11.4pp |
| EPS (Diluted) | $0.72 | $0.68 | $0.90 | 5.9% | -20.0% |
| Free Cash Flow | $47M | $89M | $77M | -46.9% | -39.0% |
| Item | Amount |
|---|---|
| REVENUE | $288M |
| Cost of Revenue | $115M |
| GROSS PROFIT | $174M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $64M |
| SG&A Expenses | $67M |
| Other Expenses | $40M |
| Operating Expenses | $107M |
| Cost & Expenses | $222M |
| OPERATING INCOME | $67M |
| Interest Income | $259M |
| Interest Expense | $106M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $67M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $13M |
| EBIT | $67M |
| EBITDA | $80M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $288M |
| Cost of Revenue | $115M |
| GROSS PROFIT | $174M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $64M |
| SG&A Expenses | $67M |
| Other Expenses | $40M |
| Operating Expenses | $107M |
| Cost & Expenses | $222M |
| OPERATING INCOME | $67M |
| Interest Income | $259M |
| Interest Expense | $106M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $67M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $13M |
| EBIT | $67M |
| EBITDA | $80M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $57M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$31M |
| OPERATING CASH FLOW | $48M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$108M |
| Sales/Maturities of Investments | $92M |
| Other Investing Activities | -$348M |
| NET CASH FROM INVESTING | -$365M |
| Net Debt Issuance | $291M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$27M |
| Other Financing Activities | $32M |
| NET CASH FROM FINANCING | $296M |
| FREE CASH FLOW | $47M |
| Net Change in Cash | -$21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $364M |
| Short-Term Investments | $2.2B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $91M |
| Goodwill | $925M |
| Intangible Assets | $19M |
| Long-Term Investments | $16.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $18.6B |
| TOTAL ASSETS | $21.2B |
| Account Payables | $0 |
| Short-Term Debt | $921M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16.8B |
| TOTAL CURRENT LIABILITIES | $17.7B |
| Long-Term Debt | $391M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $480M |
| TOTAL NON-CURRENT LIABILITIES | $871M |
| TOTAL LIABILITIES | $18.6B |
| Common Stock | $99M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$343M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $21.2B |
| Total Debt | $1.3B |
| Net Debt | $948M |
