| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $897M | $1.0B | $851M | -13.8% | 5.4% |
| Op. Income | -$7M | $76M | -$17M | -109.6% | 57.1% |
| Gross Margin | 65.5% | 62.5% | 64.7% | 3.0pp | 0.8pp |
| Net Margin | -8.6% | 2.9% | -8.5% | -11.4pp | -0.1pp |
| EPS (Diluted) | $-0.42 | $0.16 | $-0.39 | -362.5% | -7.7% |
| Free Cash Flow | $44M | $123M | -$249M | -64.6% | 117.6% |
| Item | Amount |
|---|---|
| REVENUE | $897M |
| Cost of Revenue | $310M |
| GROSS PROFIT | $588M |
| R&D Expenses | $34M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $561M |
| Other Expenses | $0 |
| Operating Expenses | $595M |
| Cost & Expenses | $904M |
| OPERATING INCOME | -$7M |
| Interest Income | $0 |
| Interest Expense | $61M |
| Other Income/Expenses | -$77M |
| INCOME BEFORE TAX | -$84M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | -$77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$77M |
| D&A | $64M |
| EBIT | -$23M |
| EBITDA | $41M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$77M |
| Depreciation & Amortization | $64M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$35M |
| Other Non-Cash Items | $29M |
| Change in Working Capital | $156M |
| OPERATING CASH FLOW | $137M |
| Capital Expenditure | -$93M |
| Acquisitions (Net) | -$30M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$123M |
| Net Debt Issuance | $56M |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $44M |
| FREE CASH FLOW | $44M |
| Net Change in Cash | $63M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $394M |
| Short-Term Investments | $0 |
| Net Receivables | $336M |
| Inventory | $794M |
| Other Current Assets | $47M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $3.8B |
| Goodwill | $2.0B |
| Intangible Assets | $1.5B |
| Long-Term Investments | $81M |
| Tax Assets | $0 |
| Other Non-Current Assets | $123M |
| TOTAL NON-CURRENT ASSETS | $7.5B |
| TOTAL ASSETS | $9.1B |
| Account Payables | $131M |
| Short-Term Debt | $143M |
| Deferred Revenue | $170M |
| Other Current Liabilities | $393M |
| TOTAL CURRENT LIABILITIES | $948M |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $37M |
| Other Non-Current Liabilities | -$1.4B |
| TOTAL NON-CURRENT LIABILITIES | $4.3B |
| TOTAL LIABILITIES | $5.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | $948M |
| Treasury Stock | -$56M |
| Accum. Other Comp. Income | -$48M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $9.1B |
| Total Debt | $5.8B |
| Net Debt | $5.4B |
