| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.6B | $1.7B | 11.7% | 6.7% |
| Op. Income | $454M | $287M | $342M | 58.4% | 32.9% |
| Gross Margin | 37.0% | 30.9% | 33.4% | 6.1pp | 3.5pp |
| Net Margin | 17.6% | 12.1% | 14.4% | 5.6pp | 3.2pp |
| EPS (Diluted) | $2.72 | $1.67 | $2.09 | 62.9% | 30.1% |
| Free Cash Flow | $701M | $162M | $439M | 333.1% | 59.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $680M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $226M |
| Other Expenses | $0 |
| Operating Expenses | $226M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $454M |
| Interest Income | $3M |
| Interest Expense | $39M |
| Other Income/Expenses | -$37M |
| INCOME BEFORE TAX | $418M |
| Income Tax Expense | $93M |
| Net Income from Continuing Ops | $324M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $324M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $324M |
| D&A | $103M |
| EBIT | $454M |
| EBITDA | $557M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $680M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $226M |
| Other Expenses | $0 |
| Operating Expenses | $226M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $454M |
| Interest Income | $3M |
| Interest Expense | $39M |
| Other Income/Expenses | -$37M |
| INCOME BEFORE TAX | $418M |
| Income Tax Expense | $93M |
| Net Income from Continuing Ops | $324M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $324M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $324M |
| D&A | $103M |
| EBIT | $454M |
| EBITDA | $557M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $324M |
| Depreciation & Amortization | $72M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $20M |
| Change in Working Capital | $299M |
| OPERATING CASH FLOW | $729M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$31M |
| Net Debt Issuance | -$665M |
| Common Stock Repurchased | -$21M |
| Common Dividends Paid | -$85M |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$778M |
| FREE CASH FLOW | $701M |
| Net Change in Cash | -$79M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $252M |
| Short-Term Investments | $0 |
| Net Receivables | $974M |
| Inventory | $34M |
| Other Current Assets | $166M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $146M |
| Goodwill | $3.5B |
| Intangible Assets | $1.5B |
| Long-Term Investments | $242M |
| Tax Assets | $695M |
| Other Non-Current Assets | $829M |
| TOTAL NON-CURRENT ASSETS | $6.8B |
| TOTAL ASSETS | $8.2B |
| Account Payables | $157M |
| Short-Term Debt | $1.2B |
| Deferred Revenue | $200M |
| Other Current Liabilities | $416M |
| TOTAL CURRENT LIABILITIES | $2.4B |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $493M |
| Deferred Tax Liabilities | $391M |
| Other Non-Current Liabilities | $278M |
| TOTAL NON-CURRENT LIABILITIES | $3.6B |
| TOTAL LIABILITIES | $6.0B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $3.1B |
| Treasury Stock | -$2.0B |
| Accum. Other Comp. Income | -$285M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $8.2B |
| Total Debt | $3.7B |
| Net Debt | $3.4B |
