| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $792M | $1.3B | $736M | -41.2% | 7.5% |
| Op. Income | $106M | $363M | $81M | -70.8% | 30.3% |
| Gross Margin | 50.0% | 53.0% | 48.7% | -2.9pp | 1.3pp |
| Net Margin | 11.6% | 20.7% | 9.4% | -9.1pp | 2.2pp |
| EPS (Diluted) | $0.58 | $1.75 | $0.42 | -66.8% | 38.6% |
| Free Cash Flow | $35M | $683M | -$65M | -94.9% | 153.4% |
| Item | Amount |
|---|---|
| REVENUE | $792M |
| Cost of Revenue | $395M |
| GROSS PROFIT | $396M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $290M |
| Other Expenses | $0 |
| Operating Expenses | $290M |
| Cost & Expenses | $686M |
| OPERATING INCOME | $106M |
| Interest Income | $9M |
| Interest Expense | $197.0K |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $115M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $92M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $92M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $92M |
| D&A | $13M |
| EBIT | $115M |
| EBITDA | $128M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $792M |
| Cost of Revenue | $395M |
| GROSS PROFIT | $396M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $290M |
| Other Expenses | $0 |
| Operating Expenses | $290M |
| Cost & Expenses | $686M |
| OPERATING INCOME | $106M |
| Interest Income | $9M |
| Interest Expense | $197.0K |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $115M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $92M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $92M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $92M |
| D&A | $13M |
| EBIT | $115M |
| EBITDA | $128M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $92M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$47M |
| OPERATING CASH FLOW | $60M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6.0K |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$119M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | -$110M |
| FREE CASH FLOW | $35M |
| Net Change in Cash | -$76M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $982M |
| Short-Term Investments | $0 |
| Net Receivables | $322M |
| Inventory | $533M |
| Other Current Assets | $40M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $480M |
| Goodwill | $14M |
| Intangible Assets | $37M |
| Long-Term Investments | $0 |
| Tax Assets | $73M |
| Other Non-Current Assets | $42M |
| TOTAL NON-CURRENT ASSETS | $646M |
| TOTAL ASSETS | $2.6B |
| Account Payables | $266M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $497M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $97M |
| TOTAL NON-CURRENT LIABILITIES | $293M |
| TOTAL LIABILITIES | $790M |
| Common Stock | $262.0K |
| Additional Paid-In Capital | $233M |
| Retained Earnings | $1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$39M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $246M |
| Net Debt | -$735M |
