| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $948M | $974M | 23.5% | 20.2% |
| Op. Income | $46M | $216M | $55M | -78.6% | -16.8% |
| Gross Margin | 32.7% | 55.4% | 39.5% | -22.7pp | -6.8pp |
| Net Margin | 3.1% | 17.7% | 4.5% | -14.6pp | -1.4pp |
| EPS (Diluted) | $0.32 | $1.46 | $0.37 | -78.1% | -13.5% |
| Free Cash Flow | $177M | $183M | $161M | -3.3% | 9.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $788M |
| GROSS PROFIT | $383M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $337M |
| Operating Expenses | $337M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $46M |
| Interest Income | $0 |
| Interest Expense | $64M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $69M |
| EBIT | $110M |
| EBITDA | $179M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $788M |
| GROSS PROFIT | $383M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $337M |
| Operating Expenses | $337M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $46M |
| Interest Income | $0 |
| Interest Expense | $64M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $69M |
| EBIT | $110M |
| EBITDA | $179M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $36M |
| Depreciation & Amortization | $69M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | -$205M |
| Change in Working Capital | $280M |
| OPERATING CASH FLOW | $177M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$687M |
| Sales/Maturities of Investments | $766M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | $73M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | -$70M |
| Common Dividends Paid | -$17M |
| Other Financing Activities | $140M |
| NET CASH FROM FINANCING | $57M |
| FREE CASH FLOW | $177M |
| Net Change in Cash | $306M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $775M |
| Short-Term Investments | $21.5B |
| Net Receivables | $5.0B |
| Inventory | $0 |
| Other Current Assets | -$27.3B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $85M |
| Goodwill | $0 |
| Intangible Assets | $2.1B |
| Long-Term Investments | -$20.7B |
| Tax Assets | $1.1B |
| Other Non-Current Assets | $52.4B |
| TOTAL NON-CURRENT ASSETS | $35.0B |
| TOTAL ASSETS | $35.0B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $4.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $28.7B |
| TOTAL NON-CURRENT LIABILITIES | $32.8B |
| TOTAL LIABILITIES | $32.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $35.0B |
| Total Debt | $4.2B |
| Net Debt | $3.4B |
