| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $485M | $473M | $455M | 2.7% | 6.6% |
| Op. Income | $112M | $0 | $171M | — | -34.7% |
| Gross Margin | 66.7% | 67.5% | 72.1% | -0.8pp | -5.4pp |
| Net Margin | 19.3% | 15.0% | 28.0% | 4.3pp | -8.7pp |
| EPS (Diluted) | $7.29 | $5.43 | $9.58 | 34.3% | -23.9% |
| Free Cash Flow | $310M | $314M | $286M | -1.3% | 8.4% |
| Item | Amount |
|---|---|
| REVENUE | $485M |
| Cost of Revenue | $162M |
| GROSS PROFIT | $324M |
| R&D Expenses | $0 |
| Selling & Marketing | $21M |
| General & Administrative | $27M |
| SG&A Expenses | $48M |
| Other Expenses | $164M |
| Operating Expenses | $212M |
| Cost & Expenses | $373M |
| OPERATING INCOME | $112M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $116M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $94M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $94M |
| D&A | $7M |
| EBIT | $112M |
| EBITDA | $119M |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| REVENUE | $485M |
| Cost of Revenue | $162M |
| GROSS PROFIT | $324M |
| R&D Expenses | $0 |
| Selling & Marketing | $21M |
| General & Administrative | $27M |
| SG&A Expenses | $48M |
| Other Expenses | $164M |
| Operating Expenses | $212M |
| Cost & Expenses | $373M |
| OPERATING INCOME | $112M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $116M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $94M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $94M |
| D&A | $7M |
| EBIT | $112M |
| EBITDA | $119M |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| Net Income | $94M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$73M |
| Other Non-Cash Items | $166M |
| Change in Working Capital | $108M |
| OPERATING CASH FLOW | $311M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $9M |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $400.0K |
| Other Investing Activities | -$344M |
| NET CASH FROM INVESTING | -$345M |
| Net Debt Issuance | $138M |
| Common Stock Repurchased | -$54M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$18M |
| NET CASH FROM FINANCING | $66M |
| FREE CASH FLOW | $310M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $471M |
| Short-Term Investments | $7M |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | -$482M |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $47M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $784M |
| Other Non-Current Assets | -$830M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $8.4B |
| Account Payables | $0 |
| Short-Term Debt | $74M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $400M |
| TOTAL CURRENT LIABILITIES | $474M |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $68M |
| Deferred Tax Liabilities | $1.2B |
| Other Non-Current Liabilities | -$6.2B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $6.6B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $279M |
| Retained Earnings | $1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $8.4B |
| Total Debt | $5.1B |
| Net Debt | $4.6B |
