| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $634M | $541M | $609M | 17.3% | 4.2% |
| Op. Income | $169M | $100M | $222M | 69.2% | -23.7% |
| Gross Margin | 78.7% | 76.5% | 82.1% | 2.2pp | -3.4pp |
| Net Margin | 24.8% | 18.6% | 31.7% | 6.1pp | -6.9pp |
| EPS (Diluted) | $5.05 | $3.11 | $5.39 | 62.4% | -6.3% |
| Free Cash Flow | $169M | $121M | $114M | 39.7% | 48.0% |
| Item | Amount |
|---|---|
| REVENUE | $634M |
| Cost of Revenue | $135M |
| GROSS PROFIT | $499M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $24M |
| SG&A Expenses | $24M |
| Other Expenses | $307M |
| Operating Expenses | $330M |
| Cost & Expenses | $465M |
| OPERATING INCOME | $169M |
| Interest Income | $5M |
| Interest Expense | $5M |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $179M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $157M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $157M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $157M |
| D&A | $58M |
| EBIT | $184M |
| EBITDA | $243M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $634M |
| Cost of Revenue | $135M |
| GROSS PROFIT | $499M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $24M |
| SG&A Expenses | $24M |
| Other Expenses | $307M |
| Operating Expenses | $330M |
| Cost & Expenses | $465M |
| OPERATING INCOME | $169M |
| Interest Income | $5M |
| Interest Expense | $5M |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $179M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $157M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $157M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $157M |
| D&A | $58M |
| EBIT | $184M |
| EBITDA | $243M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $157M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $15M |
| Other Non-Cash Items | $57M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | $219M |
| Capital Expenditure | -$50M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$38M |
| Sales/Maturities of Investments | $39M |
| Other Investing Activities | -$14M |
| NET CASH FROM INVESTING | -$64M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | -$122M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$54.0K |
| NET CASH FROM FINANCING | -$128M |
| FREE CASH FLOW | $169M |
| Net Change in Cash | $27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $199M |
| Short-Term Investments | $82M |
| Net Receivables | $160M |
| Inventory | $88M |
| Other Current Assets | $71M |
| TOTAL CURRENT ASSETS | $601M |
| PP&E (Net) | $1.9B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $156M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $137M |
| Short-Term Debt | $11M |
| Deferred Revenue | $10M |
| Other Current Liabilities | $137M |
| TOTAL CURRENT LIABILITIES | $444M |
| Long-Term Debt | $182M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $36M |
| Other Non-Current Liabilities | $655M |
| TOTAL NON-CURRENT LIABILITIES | $888M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $299.0K |
| Additional Paid-In Capital | $548M |
| Retained Earnings | $944M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$149M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $212M |
| Net Debt | $13M |
