| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.5B | $1.4B | -4.6% | 3.3% |
| Op. Income | -$186M | $210M | $79M | -188.5% | -335.4% |
| Gross Margin | 0.6% | 29.4% | 21.6% | -28.8pp | -21.0pp |
| Net Margin | -10.1% | 12.7% | 3.5% | -22.8pp | -13.6pp |
| EPS (Diluted) | $-1.76 | $2.10 | $0.48 | -183.8% | -466.7% |
| Free Cash Flow | $291M | $340M | -$225M | -14.2% | 229.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $9M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $170M |
| SG&A Expenses | $170M |
| Other Expenses | $25M |
| Operating Expenses | $195M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | -$186M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$184M |
| Income Tax Expense | -$42M |
| Net Income from Continuing Ops | -$143M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$143M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$150M |
| D&A | $13M |
| EBIT | -$167M |
| EBITDA | -$154M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$143M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | -$20M |
| Other Non-Cash Items | -$27M |
| Change in Working Capital | $479M |
| OPERATING CASH FLOW | $306M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | -$11M |
| Purchases of Investments | -$1.3B |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | -$191M |
| NET CASH FROM INVESTING | -$166M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$38M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$52M |
| FREE CASH FLOW | $291M |
| Net Change in Cash | $117M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $953M |
| Short-Term Investments | $4.4B |
| Net Receivables | $10.1B |
| Inventory | $0 |
| Other Current Assets | -$17.3B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $108M |
| Goodwill | $101M |
| Intangible Assets | $187M |
| Long-Term Investments | $13.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$14.1B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $30.3B |
| Account Payables | $1.8B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$1.8B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$1.5B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $25.0B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $6.4B |
| Treasury Stock | -$3.7B |
| Accum. Other Comp. Income | -$366M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.3B |
| TOTAL LIABILITIES & EQUITY | $30.3B |
| Total Debt | $1.5B |
| Net Debt | $569M |
