| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $917M | $868M | $891M | 5.7% | 3.0% |
| Op. Income | $219M | $205M | $220M | 6.8% | -0.4% |
| Gross Margin | 33.9% | 33.2% | 35.7% | 0.7pp | -1.8pp |
| Net Margin | 20.9% | 21.6% | 9.9% | -0.7pp | 11.0pp |
| EPS (Diluted) | $4.77 | $4.72 | $2.23 | 1.1% | 113.9% |
| Free Cash Flow | -$520M | $344M | -$417M | -251.0% | -24.6% |
| Item | Amount |
|---|---|
| REVENUE | $917M |
| Cost of Revenue | $606M |
| GROSS PROFIT | $311M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $92M |
| Other Expenses | $0 |
| Operating Expenses | $92M |
| Cost & Expenses | $698M |
| OPERATING INCOME | $219M |
| Interest Income | $14M |
| Interest Expense | $20M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $216M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $192M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $192M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $192M |
| D&A | $80M |
| EBIT | $236M |
| EBITDA | $316M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $917M |
| Cost of Revenue | $606M |
| GROSS PROFIT | $311M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $92M |
| Other Expenses | $0 |
| Operating Expenses | $92M |
| Cost & Expenses | $698M |
| OPERATING INCOME | $219M |
| Interest Income | $14M |
| Interest Expense | $20M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $216M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $192M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $192M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $192M |
| D&A | $80M |
| EBIT | $236M |
| EBITDA | $316M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $192M |
| Depreciation & Amortization | $80M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $22M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $280M |
| Capital Expenditure | -$800M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $531M |
| NET CASH FROM INVESTING | -$269M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$106M |
| Common Dividends Paid | -$134M |
| Other Financing Activities | $222M |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | -$520M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $206M |
| Short-Term Investments | $709M |
| Net Receivables | $177M |
| Inventory | $117M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $3.5B |
| Goodwill | $20M |
| Intangible Assets | $68M |
| Long-Term Investments | $259M |
| Tax Assets | $30M |
| Other Non-Current Assets | $32M |
| TOTAL NON-CURRENT ASSETS | $3.9B |
| TOTAL ASSETS | $5.2B |
| Account Payables | $182M |
| Short-Term Debt | $222M |
| Deferred Revenue | $667M |
| Other Current Liabilities | $62M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $70M |
| Deferred Tax Liabilities | $36M |
| Other Non-Current Liabilities | $234M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $3.1B |
| Common Stock | $31M |
| Additional Paid-In Capital | $209M |
| Retained Earnings | $2.1B |
| Treasury Stock | -$204M |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $1.7B |
| Net Debt | $1.5B |
