| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $943M | $969M | 9.9% | 7.0% |
| Op. Income | $56M | $37M | -$42M | 48.4% | 231.2% |
| Gross Margin | 21.7% | 22.5% | 22.4% | -0.8pp | -0.8pp |
| Net Margin | 2.2% | 227.1% | -15.4% | -224.9pp | 17.6pp |
| EPS (Diluted) | $0.59 | $56.43 | $-1.89 | -99.0% | 131.2% |
| Free Cash Flow | $156M | -$89M | $56M | 274.8% | 181.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $812M |
| GROSS PROFIT | $225M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $130M |
| Other Expenses | $16M |
| Operating Expenses | $169M |
| Cost & Expenses | $981M |
| OPERATING INCOME | $56M |
| Interest Income | $4M |
| Interest Expense | $25M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $41M |
| EBIT | $70M |
| EBITDA | $111M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $812M |
| GROSS PROFIT | $225M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $130M |
| Other Expenses | $16M |
| Operating Expenses | $169M |
| Cost & Expenses | $981M |
| OPERATING INCOME | $56M |
| Interest Income | $4M |
| Interest Expense | $25M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $41M |
| EBIT | $70M |
| EBITDA | $111M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $22M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $94M |
| OPERATING CASH FLOW | $163M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$72M |
| Sales/Maturities of Investments | $75M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $156M |
| Net Change in Cash | $152M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $550M |
| Short-Term Investments | $13M |
| Net Receivables | $722M |
| Inventory | $590M |
| Other Current Assets | $235M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $258M |
| Goodwill | $612M |
| Intangible Assets | $891M |
| Long-Term Investments | $7M |
| Tax Assets | $71M |
| Other Non-Current Assets | $169M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $4.2B |
| Account Payables | $529M |
| Short-Term Debt | $300.0K |
| Deferred Revenue | $376M |
| Other Current Liabilities | $316M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $205M |
| Other Non-Current Liabilities | $139M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $3.1B |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $17M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $15M |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $1.4B |
| Net Debt | $807M |
