| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | $1.4B | 5.0% | 6.4% |
| Op. Income | $216M | $256M | -$198M | -15.5% | 208.9% |
| Gross Margin | 44.6% | 44.4% | 42.0% | 0.2pp | 2.6pp |
| Net Margin | 10.1% | 12.2% | -11.5% | -2.1pp | 21.5pp |
| EPS (Diluted) | $0.62 | $0.71 | $-0.68 | -12.7% | 191.2% |
| Free Cash Flow | $134M | $228M | $270M | -41.3% | -50.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $847M |
| GROSS PROFIT | $681M |
| R&D Expenses | $0 |
| Selling & Marketing | $219M |
| General & Administrative | $246M |
| SG&A Expenses | $465M |
| Other Expenses | $0 |
| Operating Expenses | $465M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $216M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $195M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $154M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $154M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $154M |
| D&A | $58M |
| EBIT | $222M |
| EBITDA | $281M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $847M |
| GROSS PROFIT | $681M |
| R&D Expenses | $0 |
| Selling & Marketing | $219M |
| General & Administrative | $246M |
| SG&A Expenses | $465M |
| Other Expenses | $0 |
| Operating Expenses | $465M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $216M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $195M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $154M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $154M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $154M |
| D&A | $58M |
| EBIT | $222M |
| EBITDA | $281M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $154M |
| Depreciation & Amortization | $51M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | $16M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $236M |
| Capital Expenditure | -$102M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$106M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$300M |
| Common Dividends Paid | -$67M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$363M |
| FREE CASH FLOW | $134M |
| Net Change in Cash | -$229M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $345M |
| Short-Term Investments | $0 |
| Net Receivables | $527M |
| Inventory | $613M |
| Other Current Assets | $45M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $928M |
| Goodwill | $2.4B |
| Intangible Assets | $3.3B |
| Long-Term Investments | $12M |
| Tax Assets | $0 |
| Other Non-Current Assets | $366M |
| TOTAL NON-CURRENT ASSETS | $7.0B |
| TOTAL ASSETS | $8.6B |
| Account Payables | $631M |
| Short-Term Debt | $229M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $403M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $743M |
| Other Non-Current Liabilities | $172M |
| TOTAL NON-CURRENT LIABILITIES | $3.3B |
| TOTAL LIABILITIES | $4.7B |
| Common Stock | $294M |
| Additional Paid-In Capital | $455M |
| Retained Earnings | $6.0B |
| Treasury Stock | -$2.9B |
| Accum. Other Comp. Income | -$27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $8.6B |
| Total Debt | $2.6B |
| Net Debt | $2.3B |
