| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $960M | $1.0B | $945M | -8.2% | 1.6% |
| Op. Income | $210M | $274M | $220M | -23.5% | -4.8% |
| Gross Margin | 55.3% | 55.6% | 52.5% | -0.3pp | 2.8pp |
| Net Margin | 26.4% | 16.9% | 14.6% | 9.5pp | 11.8pp |
| EPS (Diluted) | $4.16 | $2.87 | $2.20 | 44.9% | 89.1% |
| Free Cash Flow | $320M | $215M | $342M | 48.8% | -6.3% |
| Item | Amount |
|---|---|
| REVENUE | $960M |
| Cost of Revenue | $429M |
| GROSS PROFIT | $531M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $312M |
| Other Expenses | -$12M |
| Operating Expenses | $321M |
| Cost & Expenses | $751M |
| OPERATING INCOME | $210M |
| Interest Income | $1M |
| Interest Expense | $36M |
| Other Income/Expenses | -$36M |
| INCOME BEFORE TAX | $174M |
| Income Tax Expense | -$80M |
| Net Income from Continuing Ops | $254M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $254M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $254M |
| D&A | $14M |
| EBIT | $210M |
| EBITDA | $224M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $960M |
| Cost of Revenue | $429M |
| GROSS PROFIT | $531M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $312M |
| Other Expenses | -$12M |
| Operating Expenses | $321M |
| Cost & Expenses | $751M |
| OPERATING INCOME | $210M |
| Interest Income | $1M |
| Interest Expense | $36M |
| Other Income/Expenses | -$36M |
| INCOME BEFORE TAX | $174M |
| Income Tax Expense | -$80M |
| Net Income from Continuing Ops | $254M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $254M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $254M |
| D&A | $14M |
| EBIT | $210M |
| EBITDA | $224M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $254M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$410M |
| Other Non-Cash Items | $34M |
| Change in Working Capital | $453M |
| OPERATING CASH FLOW | $350M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $44.0K |
| NET CASH FROM INVESTING | -$29M |
| Net Debt Issuance | -$277M |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$52.0K |
| NET CASH FROM FINANCING | -$302M |
| FREE CASH FLOW | $320M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $149M |
| Short-Term Investments | $0 |
| Net Receivables | $331M |
| Inventory | $385M |
| Other Current Assets | $45M |
| TOTAL CURRENT ASSETS | $911M |
| PP&E (Net) | $526M |
| Goodwill | $712M |
| Intangible Assets | $1.8B |
| Long-Term Investments | $4M |
| Tax Assets | $668M |
| Other Non-Current Assets | $31M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $261M |
| Short-Term Debt | $86M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $216M |
| TOTAL CURRENT LIABILITIES | $698M |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $13M |
| Other Non-Current Liabilities | $568M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $110.0K |
| Additional Paid-In Capital | $827M |
| Retained Earnings | $2.6B |
| Treasury Stock | -$1.9B |
| Accum. Other Comp. Income | -$96M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $2.0B |
| Net Debt | $1.8B |
