| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.0B | $1.1B | 1.0% | -9.0% |
| Op. Income | $110M | $143M | $150M | -23.4% | -26.7% |
| Gross Margin | 43.8% | 44.7% | 41.7% | -0.9pp | 2.2pp |
| Net Margin | 8.2% | 10.5% | 10.4% | -2.3pp | -2.2pp |
| EPS (Diluted) | $2.63 | $3.28 | $3.48 | -19.8% | -24.4% |
| Free Cash Flow | $88M | $153M | $132M | -42.4% | -33.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $568M |
| GROSS PROFIT | $443M |
| R&D Expenses | $0 |
| Selling & Marketing | $313M |
| General & Administrative | $0 |
| SG&A Expenses | $313M |
| Other Expenses | $20M |
| Operating Expenses | $333M |
| Cost & Expenses | $901M |
| OPERATING INCOME | $110M |
| Interest Income | $3M |
| Interest Expense | $6M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $105M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $23M |
| EBIT | $111M |
| EBITDA | $134M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $568M |
| GROSS PROFIT | $443M |
| R&D Expenses | $0 |
| Selling & Marketing | $313M |
| General & Administrative | $0 |
| SG&A Expenses | $313M |
| Other Expenses | $20M |
| Operating Expenses | $333M |
| Cost & Expenses | $901M |
| OPERATING INCOME | $110M |
| Interest Income | $3M |
| Interest Expense | $6M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $105M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $23M |
| EBIT | $111M |
| EBITDA | $134M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $83M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$23M |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | $23M |
| OPERATING CASH FLOW | $107M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | -$100.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $300.0K |
| NET CASH FROM FINANCING | -$54M |
| FREE CASH FLOW | $88M |
| Net Change in Cash | $39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $398M |
| Short-Term Investments | $0 |
| Net Receivables | $555M |
| Inventory | $369M |
| Other Current Assets | $74M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $382M |
| Goodwill | $1.1B |
| Intangible Assets | $481M |
| Long-Term Investments | $7M |
| Tax Assets | $3M |
| Other Non-Current Assets | $42M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $3.4B |
| Account Payables | $286M |
| Short-Term Debt | $0 |
| Deferred Revenue | $14M |
| Other Current Liabilities | $264M |
| TOTAL CURRENT LIABILITIES | $595M |
| Long-Term Debt | $496M |
| Deferred Revenue NC | $48M |
| Deferred Tax Liabilities | $59M |
| Other Non-Current Liabilities | $120M |
| TOTAL NON-CURRENT LIABILITIES | $798M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $3.5B |
| Treasury Stock | -$2.4B |
| Accum. Other Comp. Income | -$113M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $591M |
| Net Debt | $193M |
