| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.7B | $2.6B | $2.3B | 3.0% | 17.8% |
| Op. Income | $174M | $134M | $233M | 29.9% | -25.4% |
| Gross Margin | 25.1% | 25.3% | 36.5% | -0.3pp | -11.5pp |
| Net Margin | 0.9% | 0.7% | -4.0% | 0.2pp | 4.9pp |
| EPS (Diluted) | $0.02 | $0.02 | $-0.08 | 26.4% | 125.1% |
| Free Cash Flow | -$440M | $62M | -$2.4B | -804.6% | 81.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $680M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | -$404M |
| Other Expenses | $910M |
| Operating Expenses | $507M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $174M |
| Interest Income | $2.1B |
| Interest Expense | $1.7B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $174M |
| Income Tax Expense | $70M |
| Net Income from Continuing Ops | $103M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $66M |
| BOTTOM LINE NET INCOME | -$43M |
| D&A | $47M |
| EBIT | $174M |
| EBITDA | $221M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $680M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | -$404M |
| Other Expenses | $910M |
| Operating Expenses | $507M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $174M |
| Interest Income | $2.1B |
| Interest Expense | $1.7B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $174M |
| Income Tax Expense | $70M |
| Net Income from Continuing Ops | $103M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $66M |
| BOTTOM LINE NET INCOME | -$43M |
| D&A | $47M |
| EBIT | $174M |
| EBITDA | $221M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $23M |
| Depreciation & Amortization | $47M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$407M |
| Change in Working Capital | -$38M |
| OPERATING CASH FLOW | -$375M |
| Capital Expenditure | -$65M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.8B |
| Sales/Maturities of Investments | $3.4B |
| Other Investing Activities | $529M |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | -$136M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$71M |
| Other Financing Activities | $1.1B |
| NET CASH FROM FINANCING | $877M |
| FREE CASH FLOW | -$440M |
| Net Change in Cash | $60M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.9B |
| Short-Term Investments | $6.9B |
| Net Receivables | $7.9B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $19.6B |
| PP&E (Net) | $1.7B |
| Goodwill | $617M |
| Intangible Assets | $4.5B |
| Long-Term Investments | $52.3B |
| Tax Assets | $359M |
| Other Non-Current Assets | $5.4B |
| TOTAL NON-CURRENT ASSETS | $64.8B |
| TOTAL ASSETS | $84.4B |
| Account Payables | $974M |
| Short-Term Debt | $288M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $51.0B |
| TOTAL CURRENT LIABILITIES | $52.3B |
| Long-Term Debt | $16.5B |
| Deferred Revenue NC | $149M |
| Deferred Tax Liabilities | $1.6B |
| Other Non-Current Liabilities | $4.3B |
| TOTAL NON-CURRENT LIABILITIES | $23.3B |
| TOTAL LIABILITIES | $75.6B |
| Common Stock | $7M |
| Additional Paid-In Capital | $2.7B |
| Retained Earnings | $2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$153M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $4.1B |
| TOTAL EQUITY | $8.8B |
| TOTAL LIABILITIES & EQUITY | $84.4B |
| Total Debt | $17.6B |
| Net Debt | $12.7B |
