| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $691M | $720M | $751M | -3.9% | -7.9% |
| Op. Income | $32M | $30M | $27M | 5.8% | 19.1% |
| Gross Margin | 10.3% | 9.6% | 9.6% | 0.7pp | 0.7pp |
| Net Margin | 2.5% | 2.8% | 2.8% | -0.3pp | -0.3pp |
| EPS (Diluted) | $0.49 | $0.57 | $0.60 | -14.0% | -18.3% |
| Free Cash Flow | $126M | $18M | -$66M | 603.5% | 291.2% |
| Item | Amount |
|---|---|
| REVENUE | $691M |
| Cost of Revenue | $620M |
| GROSS PROFIT | $71M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $3M |
| Operating Expenses | $39M |
| Cost & Expenses | $659M |
| OPERATING INCOME | $32M |
| Interest Income | $2M |
| Interest Expense | $9M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $11M |
| EBIT | $31M |
| EBITDA | $42M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $691M |
| Cost of Revenue | $620M |
| GROSS PROFIT | $71M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $3M |
| Operating Expenses | $39M |
| Cost & Expenses | $659M |
| OPERATING INCOME | $32M |
| Interest Income | $2M |
| Interest Expense | $9M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $11M |
| EBIT | $31M |
| EBITDA | $42M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $116M |
| OPERATING CASH FLOW | $137M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $13.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | -$102M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$6M |
| Other Financing Activities | $43.0K |
| NET CASH FROM FINANCING | -$107M |
| FREE CASH FLOW | $126M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $277M |
| Short-Term Investments | $0 |
| Net Receivables | $624M |
| Inventory | $684M |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $359M |
| Goodwill | $192M |
| Intangible Assets | $51M |
| Long-Term Investments | $0 |
| Tax Assets | $27M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $639M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $367M |
| Short-Term Debt | $4M |
| Deferred Revenue | $205M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $714M |
| Long-Term Debt | $327M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $32M |
| TOTAL NON-CURRENT LIABILITIES | $482M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $4M |
| Additional Paid-In Capital | $529M |
| Retained Earnings | $561M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $454M |
| Net Debt | $177M |
