| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.7B | $1.6B | -4.8% | 3.7% |
| Op. Income | $178M | $216M | $173M | -17.5% | 3.3% |
| Gross Margin | 39.3% | 38.6% | 38.1% | 0.7pp | 1.3pp |
| Net Margin | 4.6% | 5.4% | 7.5% | -0.7pp | -2.9pp |
| EPS (Diluted) | $0.81 | $0.98 | $1.26 | -17.3% | -35.8% |
| Free Cash Flow | $36M | $202M | $15M | -82.1% | 142.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $989M |
| GROSS PROFIT | $641M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $459M |
| SG&A Expenses | $459M |
| Other Expenses | $4M |
| Operating Expenses | $463M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $178M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | -$66M |
| INCOME BEFORE TAX | $113M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $76M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $76M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $76M |
| D&A | $46M |
| EBIT | $274M |
| EBITDA | $320M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $989M |
| GROSS PROFIT | $641M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $459M |
| SG&A Expenses | $459M |
| Other Expenses | $4M |
| Operating Expenses | $463M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $178M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | -$66M |
| INCOME BEFORE TAX | $113M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $76M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $76M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $76M |
| D&A | $46M |
| EBIT | $274M |
| EBITDA | $320M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $76M |
| Depreciation & Amortization | $46M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | $68M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $166M |
| Capital Expenditure | -$130M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | $254.0K |
| NET CASH FROM INVESTING | -$134M |
| Net Debt Issuance | -$591.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $36M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $635M |
| Short-Term Investments | $0 |
| Net Receivables | $659M |
| Inventory | $322M |
| Other Current Assets | $65M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $1.4B |
| Goodwill | $166M |
| Intangible Assets | $825M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $145M |
| TOTAL NON-CURRENT ASSETS | $2.6B |
| TOTAL ASSETS | $4.3B |
| Account Payables | $384M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $181M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $599M |
| Deferred Revenue NC | $100M |
| Deferred Tax Liabilities | $128M |
| Other Non-Current Liabilities | $827M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $13M |
| Additional Paid-In Capital | $136M |
| Retained Earnings | $1.4B |
| Treasury Stock | -$61M |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $4.3B |
| Total Debt | $735M |
| Net Debt | $100M |
