| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $795M | $807M | $631M | -1.5% | 25.9% |
| Op. Income | $111M | $168M | $216M | -33.5% | -48.5% |
| Gross Margin | 56.3% | 59.9% | 81.9% | -3.7pp | -25.7pp |
| Net Margin | 10.4% | 16.7% | 26.7% | -6.3pp | -16.3pp |
| EPS (Diluted) | $1.26 | $2.04 | $2.51 | -38.2% | -49.8% |
| Free Cash Flow | -$499M | $1.1B | -$2.3B | -147.2% | 78.2% |
| Item | Amount |
|---|---|
| REVENUE | $795M |
| Cost of Revenue | $348M |
| GROSS PROFIT | $447M |
| R&D Expenses | $0 |
| Selling & Marketing | $9M |
| General & Administrative | $244M |
| SG&A Expenses | $253M |
| Other Expenses | $83M |
| Operating Expenses | $336M |
| Cost & Expenses | $683M |
| OPERATING INCOME | $111M |
| Interest Income | $638M |
| Interest Expense | $342M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $111M |
| Income Tax Expense | $29M |
| 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 | $82M |
| D&A | $29M |
| EBIT | $111M |
| EBITDA | $140M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $795M |
| Cost of Revenue | $348M |
| GROSS PROFIT | $447M |
| R&D Expenses | $0 |
| Selling & Marketing | $9M |
| General & Administrative | $244M |
| SG&A Expenses | $253M |
| Other Expenses | $83M |
| Operating Expenses | $336M |
| Cost & Expenses | $683M |
| OPERATING INCOME | $111M |
| Interest Income | $638M |
| Interest Expense | $342M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $111M |
| Income Tax Expense | $29M |
| 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 | $82M |
| D&A | $29M |
| EBIT | $111M |
| EBITDA | $140M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $83M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $206M |
| Change in Working Capital | -$782M |
| OPERATING CASH FLOW | -$462M |
| Capital Expenditure | -$37M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.1B |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | -$265M |
| NET CASH FROM INVESTING | -$185M |
| Net Debt Issuance | -$104M |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | -$36M |
| Other Financing Activities | $810M |
| NET CASH FROM FINANCING | $620M |
| FREE CASH FLOW | -$499M |
| Net Change in Cash | -$27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $12.3B |
| Net Receivables | $710M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $14.3B |
| PP&E (Net) | $622M |
| Goodwill | $1.0B |
| Intangible Assets | $354M |
| Long-Term Investments | $26.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.1B |
| TOTAL NON-CURRENT ASSETS | $35.5B |
| TOTAL ASSETS | $49.8B |
| Account Payables | $339M |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $34.0B |
| TOTAL CURRENT LIABILITIES | $35.5B |
| Long-Term Debt | $7.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $9.2B |
| TOTAL LIABILITIES | $44.7B |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $5.2B |
| Treasury Stock | -$877M |
| Accum. Other Comp. Income | -$599M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.1B |
| Minority Interest | $3M |
| TOTAL EQUITY | $5.1B |
| TOTAL LIABILITIES & EQUITY | $49.8B |
| Total Debt | $9.0B |
| Net Debt | $7.6B |
