| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.7B | $1.8B | 0.2% | -4.0% |
| Op. Income | $183M | $210M | $252M | -12.8% | -27.2% |
| Gross Margin | 33.1% | 33.6% | 34.2% | -0.5pp | -1.1pp |
| Net Margin | 5.7% | 6.3% | 7.9% | -0.6pp | -2.2pp |
| EPS (Diluted) | $0.15 | $0.16 | $0.21 | -9.4% | -30.9% |
| Free Cash Flow | $201M | $193M | $172M | 4.1% | 16.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $570M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $387M |
| Other Expenses | $0 |
| Operating Expenses | $387M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $183M |
| Interest Income | $0 |
| Interest Expense | $65M |
| Other Income/Expenses | -$64M |
| INCOME BEFORE TAX | $120M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $99M |
| D&A | $101M |
| EBIT | $185M |
| EBITDA | $285M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $570M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $387M |
| Other Expenses | $0 |
| Operating Expenses | $387M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $183M |
| Interest Income | $0 |
| Interest Expense | $65M |
| Other Income/Expenses | -$64M |
| INCOME BEFORE TAX | $120M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $99M |
| D&A | $101M |
| EBIT | $185M |
| EBITDA | $285M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $99M |
| Depreciation & Amortization | $101M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$78M |
| Other Non-Cash Items | $25M |
| Change in Working Capital | $97M |
| OPERATING CASH FLOW | $252M |
| Capital Expenditure | -$51M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$50M |
| Net Debt Issuance | -$188M |
| Common Stock Repurchased | -$200.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$184M |
| FREE CASH FLOW | $201M |
| Net Change in Cash | $27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $263M |
| Short-Term Investments | $0 |
| Net Receivables | $1.2B |
| Inventory | $828M |
| Other Current Assets | $144M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $738M |
| Goodwill | $5.7B |
| Intangible Assets | $3.8B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $358M |
| TOTAL NON-CURRENT ASSETS | $10.6B |
| TOTAL ASSETS | $13.0B |
| Account Payables | $626M |
| Short-Term Debt | $260M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $544M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $5.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $613M |
| Other Non-Current Liabilities | $350M |
| TOTAL NON-CURRENT LIABILITIES | $6.2B |
| TOTAL LIABILITIES | $7.7B |
| Common Stock | $3.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$69M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.3B |
| TOTAL LIABILITIES & EQUITY | $13.0B |
| Total Debt | $5.5B |
| Net Debt | $5.3B |
