| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $972M | $1.1B | $893M | -8.8% | 8.9% |
| Op. Income | $207M | $315M | $222M | -34.2% | -6.7% |
| Gross Margin | 43.1% | 50.1% | 46.8% | -7.0pp | -3.7pp |
| Net Margin | 27.6% | 16.5% | 16.3% | 11.1pp | 11.4pp |
| EPS (Diluted) | $0.94 | $0.62 | $0.51 | 51.6% | 84.3% |
| Free Cash Flow | $275M | $303M | $261M | -9.3% | 5.2% |
| Item | Amount |
|---|---|
| REVENUE | $972M |
| Cost of Revenue | $554M |
| GROSS PROFIT | $419M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $212M |
| Operating Expenses | $212M |
| Cost & Expenses | $765M |
| OPERATING INCOME | $207M |
| Interest Income | $0 |
| Interest Expense | $50M |
| Other Income/Expenses | $148M |
| INCOME BEFORE TAX | $355M |
| Income Tax Expense | $87M |
| Net Income from Continuing Ops | $269M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $269M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $265M |
| D&A | $52M |
| EBIT | $405M |
| EBITDA | $457M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $972M |
| Cost of Revenue | $554M |
| GROSS PROFIT | $419M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $212M |
| Operating Expenses | $212M |
| Cost & Expenses | $765M |
| OPERATING INCOME | $207M |
| Interest Income | $0 |
| Interest Expense | $50M |
| Other Income/Expenses | $148M |
| INCOME BEFORE TAX | $355M |
| Income Tax Expense | $87M |
| Net Income from Continuing Ops | $269M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $269M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $265M |
| D&A | $52M |
| EBIT | $405M |
| EBITDA | $457M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $269M |
| Depreciation & Amortization | $52M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $14M |
| Other Non-Cash Items | -$147M |
| Change in Working Capital | $96M |
| OPERATING CASH FLOW | $305M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | -$369M |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$394M |
| Net Debt Issuance | $88M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$37M |
| Other Financing Activities | $38M |
| NET CASH FROM FINANCING | $88M |
| FREE CASH FLOW | $275M |
| Net Change in Cash | $32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $700M |
| Short-Term Investments | $11M |
| Net Receivables | $2.0B |
| Inventory | $0 |
| Other Current Assets | $1.9B |
| TOTAL CURRENT ASSETS | $5.1B |
| PP&E (Net) | $469M |
| Goodwill | $7.3B |
| Intangible Assets | $1.6B |
| Long-Term Investments | $21M |
| Tax Assets | $0 |
| Other Non-Current Assets | $301M |
| TOTAL NON-CURRENT ASSETS | $9.8B |
| TOTAL ASSETS | $14.9B |
| Account Payables | $459M |
| Short-Term Debt | $569M |
| Deferred Revenue | $540M |
| Other Current Liabilities | $3.3B |
| TOTAL CURRENT LIABILITIES | $5.0B |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $616M |
| Other Non-Current Liabilities | $326M |
| TOTAL NON-CURRENT LIABILITIES | $4.3B |
| TOTAL LIABILITIES | $9.3B |
| Common Stock | $30M |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $5.3B |
| Treasury Stock | -$748M |
| Accum. Other Comp. Income | -$19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.6B |
| TOTAL LIABILITIES & EQUITY | $14.9B |
| Total Debt | $4.0B |
| Net Debt | $3.3B |
