| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.4B | $4.9B | $4.9B | 8.8% | 8.7% |
| Op. Income | $214M | $199M | $193M | 7.3% | 11.0% |
| Gross Margin | 18.0% | 18.3% | 18.3% | -0.3pp | -0.3pp |
| Net Margin | 2.7% | 2.6% | 2.6% | 0.1pp | 0.1pp |
| EPS (Diluted) | $1.08 | $0.97 | $0.95 | 11.3% | 13.7% |
| Free Cash Flow | $155M | $54M | $72M | 189.4% | 116.2% |
| Item | Amount |
|---|---|
| REVENUE | $5.4B |
| Cost of Revenue | $4.4B |
| GROSS PROFIT | $963M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $741M |
| Other Expenses | $8M |
| Operating Expenses | $749M |
| Cost & Expenses | $5.1B |
| OPERATING INCOME | $214M |
| Interest Income | $1M |
| Interest Expense | $16M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $198M |
| Income Tax Expense | $53M |
| Net Income from Continuing Ops | $146M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $146M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $146M |
| D&A | $61M |
| EBIT | $212M |
| EBITDA | $273M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.4B |
| Cost of Revenue | $4.4B |
| GROSS PROFIT | $963M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $741M |
| Other Expenses | $8M |
| Operating Expenses | $749M |
| Cost & Expenses | $5.1B |
| OPERATING INCOME | $214M |
| Interest Income | $1M |
| Interest Expense | $16M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $198M |
| Income Tax Expense | $53M |
| Net Income from Continuing Ops | $146M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $146M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $146M |
| D&A | $61M |
| EBIT | $212M |
| EBITDA | $273M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $146M |
| Depreciation & Amortization | $61M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | -$25M |
| Change in Working Capital | $69M |
| OPERATING CASH FLOW | $274M |
| Capital Expenditure | -$119M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$119M |
| Net Debt Issuance | -$100M |
| Common Stock Repurchased | -$53M |
| Common Dividends Paid | -$25.0K |
| Other Financing Activities | $707.0K |
| NET CASH FROM FINANCING | -$153M |
| FREE CASH FLOW | $155M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $36M |
| Short-Term Investments | $0 |
| Net Receivables | $235M |
| Inventory | $1.5B |
| Other Current Assets | $68M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $3.7B |
| Goodwill | $1.0B |
| Intangible Assets | $108M |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $4.9B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $1.2B |
| Short-Term Debt | $319M |
| Deferred Revenue | $319M |
| Other Current Liabilities | $236M |
| TOTAL CURRENT LIABILITIES | $2.5B |
| Long-Term Debt | $398M |
| Deferred Revenue NC | $21M |
| Deferred Tax Liabilities | $75M |
| Other Non-Current Liabilities | $144M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $5.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $1.2B |
| Treasury Stock | -$718M |
| Accum. Other Comp. Income | $501.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $3.0B |
| Net Debt | $2.9B |
