| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.2B | $4.3B | $5.1B | -2.7% | -16.7% |
| Op. Income | $107M | $114M | $164M | -5.4% | -34.5% |
| Gross Margin | 6.1% | 6.7% | 6.7% | -0.6pp | -0.6pp |
| Net Margin | 0.7% | 1.9% | 1.9% | -1.2pp | -1.2pp |
| EPS (Diluted) | $0.26 | $0.68 | $0.80 | -61.8% | -67.5% |
| Free Cash Flow | $43M | $201M | $746M | -78.5% | -94.2% |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $4.0B |
| GROSS PROFIT | $257M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $149M |
| Other Expenses | $0 |
| Operating Expenses | $149M |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $107M |
| Interest Income | $0 |
| Interest Expense | $38M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | $69M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $23M |
| EBIT | $107M |
| EBITDA | $131M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $4.0B |
| GROSS PROFIT | $257M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $149M |
| Other Expenses | $0 |
| Operating Expenses | $149M |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $107M |
| Interest Income | $0 |
| Interest Expense | $38M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | $69M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $23M |
| EBIT | $107M |
| EBITDA | $131M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $31M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | $47M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$73M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$66M |
| FREE CASH FLOW | $43M |
| Net Change in Cash | -$29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $146M |
| Short-Term Investments | $0 |
| Net Receivables | $2.6B |
| Inventory | $0 |
| Other Current Assets | $163M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $499M |
| Goodwill | $1.5B |
| Intangible Assets | $146M |
| Long-Term Investments | $0 |
| Tax Assets | $215M |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $5.2B |
| Account Payables | $1.3B |
| Short-Term Debt | $160M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $374M |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $13M |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $12M |
| Additional Paid-In Capital | $754M |
| Retained Earnings | $5.6B |
| Treasury Stock | -$4.9B |
| Accum. Other Comp. Income | -$81M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $2.0B |
| Net Debt | $1.8B |
