| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.2B | $5.5B | $5.0B | -6.0% | 3.3% |
| Op. Income | $409M | $482M | $435M | -15.2% | -6.1% |
| Gross Margin | 22.3% | 21.8% | 23.0% | 0.5pp | -0.7pp |
| Net Margin | 5.1% | 5.7% | 5.9% | -0.6pp | -0.8pp |
| EPS (Diluted) | $1.97 | $2.35 | $2.18 | -16.2% | -9.6% |
| Free Cash Flow | $317M | $309M | $503M | 2.7% | -37.0% |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $4.0B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $747M |
| Other Expenses | $0 |
| Operating Expenses | $747M |
| Cost & Expenses | $4.8B |
| OPERATING INCOME | $409M |
| Interest Income | $0 |
| Interest Expense | $57M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $352M |
| Income Tax Expense | $87M |
| Net Income from Continuing Ops | $264M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $264M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $264M |
| D&A | $70M |
| EBIT | $408M |
| EBITDA | $478M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $4.0B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $747M |
| Other Expenses | $0 |
| Operating Expenses | $747M |
| Cost & Expenses | $4.8B |
| OPERATING INCOME | $409M |
| Interest Income | $0 |
| Interest Expense | $57M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $352M |
| Income Tax Expense | $87M |
| Net Income from Continuing Ops | $264M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $264M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $264M |
| D&A | $70M |
| EBIT | $408M |
| EBITDA | $478M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $264M |
| Depreciation & Amortization | $70M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | $16M |
| Change in Working Capital | -$31M |
| OPERATING CASH FLOW | $345M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | -$324M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$354M |
| Net Debt Issuance | -$184M |
| Common Stock Repurchased | -$146M |
| Common Dividends Paid | -$83M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$416M |
| FREE CASH FLOW | $317M |
| Net Change in Cash | -$439M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $504M |
| Short-Term Investments | $214M |
| Net Receivables | $5.6B |
| Inventory | $605M |
| Other Current Assets | $404M |
| TOTAL CURRENT ASSETS | $7.4B |
| PP&E (Net) | $312M |
| Goodwill | $4.6B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $7.3B |
| TOTAL ASSETS | $14.7B |
| Account Payables | $3.4B |
| Short-Term Debt | $236M |
| Deferred Revenue | $491M |
| Other Current Liabilities | $812M |
| TOTAL CURRENT LIABILITIES | $5.5B |
| Long-Term Debt | $5.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $167M |
| Other Non-Current Liabilities | $928M |
| TOTAL NON-CURRENT LIABILITIES | $6.9B |
| TOTAL LIABILITIES | $12.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.8B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$160M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $14.7B |
| Total Debt | $6.0B |
| Net Debt | $5.5B |
