| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $926M | $703M | $820M | 31.7% | 12.9% |
| Op. Income | $105M | $59M | $87M | 78.0% | 20.7% |
| Gross Margin | 22.7% | 23.0% | 22.4% | -0.4pp | 0.2pp |
| Net Margin | 8.0% | 6.7% | 7.9% | 1.3pp | 0.1pp |
| EPS (Diluted) | $0.28 | $0.18 | $0.28 | 55.6% | 0.0% |
| Free Cash Flow | $497M | $21M | $249M | 2266.7% | 99.6% |
| Item | Amount |
|---|---|
| REVENUE | $926M |
| Cost of Revenue | $716M |
| GROSS PROFIT | $210M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $98M |
| SG&A Expenses | $98M |
| Other Expenses | $7M |
| Operating Expenses | $105M |
| Cost & Expenses | $821M |
| OPERATING INCOME | $105M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $95M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $22M |
| EBIT | $104M |
| EBITDA | $126M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $926M |
| Cost of Revenue | $716M |
| GROSS PROFIT | $210M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $98M |
| SG&A Expenses | $98M |
| Other Expenses | $7M |
| Operating Expenses | $105M |
| Cost & Expenses | $821M |
| OPERATING INCOME | $105M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $95M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $22M |
| EBIT | $104M |
| EBITDA | $126M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $74M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | -$39M |
| Other Non-Cash Items | -$12M |
| Change in Working Capital | $453M |
| OPERATING CASH FLOW | $515M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | -$82M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$78M |
| FREE CASH FLOW | $497M |
| Net Change in Cash | $420M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $467M |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $329M |
| Other Current Assets | $42M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $402M |
| Goodwill | $1.2B |
| Intangible Assets | $151M |
| Long-Term Investments | $0 |
| Tax Assets | $123M |
| Other Non-Current Assets | $89M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $3.9B |
| Account Payables | $398M |
| Short-Term Debt | $57M |
| Deferred Revenue | $335M |
| Other Current Liabilities | $146M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $349M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $97M |
| TOTAL NON-CURRENT LIABILITIES | $518M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $3M |
| Additional Paid-In Capital | $5.2B |
| Retained Earnings | -$2.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$47M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $3.9B |
| Total Debt | $497M |
| Net Debt | $30M |
