| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.3B | $2.4B | -5.8% | -8.2% |
| Op. Income | $252M | $319M | $354M | -20.8% | -28.7% |
| Gross Margin | 19.2% | 20.6% | 21.1% | -1.3pp | -1.9pp |
| Net Margin | 8.3% | 10.0% | 12.0% | -1.6pp | -3.7pp |
| EPS (Diluted) | $1.56 | $1.98 | $2.40 | -21.2% | -35.0% |
| Free Cash Flow | $243M | $225M | $303M | 7.6% | -19.9% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $425M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $173M |
| Other Expenses | $0 |
| Operating Expenses | $173M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $252M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $238M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $184M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $184M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $184M |
| D&A | $61M |
| EBIT | $246M |
| EBITDA | $307M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $425M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $173M |
| Other Expenses | $0 |
| Operating Expenses | $173M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $252M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $238M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $184M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $184M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $184M |
| D&A | $61M |
| EBIT | $246M |
| EBITDA | $307M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $184M |
| Depreciation & Amortization | $61M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $17M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $123M |
| OPERATING CASH FLOW | $409M |
| Capital Expenditure | -$167M |
| Acquisitions (Net) | -$68M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$230M |
| Net Debt Issuance | -$26M |
| Common Stock Repurchased | -$17M |
| Common Dividends Paid | -$19M |
| Other Financing Activities | -$1.0K |
| NET CASH FROM FINANCING | -$62M |
| FREE CASH FLOW | $243M |
| Net Change in Cash | $117M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $592M |
| Short-Term Investments | $0 |
| Net Receivables | $1.2B |
| Inventory | $1.0B |
| Other Current Assets | $276M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $2.4B |
| Goodwill | $386M |
| Intangible Assets | $259M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $441M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $6.6B |
| Account Payables | $364M |
| Short-Term Debt | $41M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $844M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $307M |
| Other Non-Current Liabilities | $253M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $395M |
| Retained Earnings | $4.1B |
| Treasury Stock | -$369M |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $241.0K |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $6.6B |
| Total Debt | $1.2B |
| Net Debt | $562M |
