| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.0B | $5.6B | $5.4B | -10.8% | -7.7% |
| Op. Income | $435M | $478M | $447M | -9.1% | -2.6% |
| Gross Margin | 23.0% | 21.8% | 21.7% | 1.2pp | 1.3pp |
| Net Margin | 5.9% | 5.6% | 5.3% | 0.3pp | 0.6pp |
| EPS (Diluted) | $2.18 | $2.32 | $2.09 | -6.0% | 4.3% |
| Free Cash Flow | $503M | $425M | $211M | 18.3% | 138.1% |
| Item | Amount |
|---|---|
| REVENUE | $5.0B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $719M |
| Other Expenses | $0 |
| Operating Expenses | $719M |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $435M |
| Interest Income | $0 |
| Interest Expense | $53M |
| Other Income/Expenses | -$54M |
| INCOME BEFORE TAX | $381M |
| Income Tax Expense | $85M |
| Net Income from Continuing Ops | $296M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $296M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $296M |
| D&A | $68M |
| EBIT | $434M |
| EBITDA | $502M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.0B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $719M |
| Other Expenses | $0 |
| Operating Expenses | $719M |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $435M |
| Interest Income | $0 |
| Interest Expense | $53M |
| Other Income/Expenses | -$54M |
| INCOME BEFORE TAX | $381M |
| Income Tax Expense | $85M |
| Net Income from Continuing Ops | $296M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $296M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $296M |
| D&A | $68M |
| EBIT | $434M |
| EBITDA | $502M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $296M |
| Depreciation & Amortization | $68M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | -$600.0K |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $142M |
| OPERATING CASH FLOW | $537M |
| Capital Expenditure | -$34M |
| Acquisitions (Net) | -$200.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | -$50M |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | -$83M |
| Other Financing Activities | -$176M |
| NET CASH FROM FINANCING | -$359M |
| FREE CASH FLOW | $503M |
| Net Change in Cash | $148M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $589M |
| Short-Term Investments | $0 |
| Net Receivables | $5.0B |
| Inventory | $668M |
| Other Current Assets | $410M |
| TOTAL CURRENT ASSETS | $6.7B |
| PP&E (Net) | $324M |
| Goodwill | $4.4B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $472M |
| TOTAL NON-CURRENT ASSETS | $6.6B |
| TOTAL ASSETS | $13.3B |
| Account Payables | $2.9B |
| Short-Term Debt | $613M |
| Deferred Revenue | $487M |
| Other Current Liabilities | $857M |
| TOTAL CURRENT LIABILITIES | $5.4B |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $171M |
| Other Non-Current Liabilities | $433M |
| TOTAL NON-CURRENT LIABILITIES | $5.8B |
| TOTAL LIABILITIES | $11.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.7B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$125M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $13.3B |
| Total Debt | $5.8B |
| Net Debt | $5.2B |
