| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.4B | $2.9B | $4.5B | 17.5% | -24.2% |
| Op. Income | $656M | $538M | $462M | 21.9% | 42.0% |
| Gross Margin | 35.8% | 36.1% | 21.1% | -0.3pp | 14.7pp |
| Net Margin | 12.3% | 11.5% | 5.9% | 0.8pp | 6.4pp |
| EPS (Diluted) | $2.03 | $1.61 | $1.35 | 26.1% | 50.4% |
| Free Cash Flow | -$276M | -$321M | -$416M | 14.0% | 33.7% |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $560M |
| Operating Expenses | $560M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $656M |
| Interest Income | $12M |
| Interest Expense | $208M |
| Other Income/Expenses | -$174M |
| INCOME BEFORE TAX | $482M |
| Income Tax Expense | $63M |
| Net Income from Continuing Ops | $419M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $419M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $418M |
| D&A | $421M |
| EBIT | $690M |
| EBITDA | $1.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $560M |
| Operating Expenses | $560M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $656M |
| Interest Income | $12M |
| Interest Expense | $208M |
| Other Income/Expenses | -$174M |
| INCOME BEFORE TAX | $482M |
| Income Tax Expense | $63M |
| Net Income from Continuing Ops | $419M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $419M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $418M |
| D&A | $421M |
| EBIT | $690M |
| EBITDA | $1.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $419M |
| Depreciation & Amortization | $421M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $62M |
| Other Non-Cash Items | $31M |
| Change in Working Capital | -$88M |
| OPERATING CASH FLOW | $845M |
| Capital Expenditure | -$1.1B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$154M |
| Sales/Maturities of Investments | $154M |
| Other Investing Activities | -$33M |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | $485M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$188M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $294M |
| FREE CASH FLOW | -$276M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $26M |
| Short-Term Investments | $0 |
| Net Receivables | $1.8B |
| Inventory | $1.1B |
| Other Current Assets | $672M |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $28.3B |
| Goodwill | $2.0B |
| Intangible Assets | $156M |
| Long-Term Investments | $334M |
| Tax Assets | $0 |
| Other Non-Current Assets | $10.4B |
| TOTAL NON-CURRENT ASSETS | $41.2B |
| TOTAL ASSETS | $44.8B |
| Account Payables | $1.4B |
| Short-Term Debt | $3.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $910M |
| TOTAL CURRENT LIABILITIES | $5.9B |
| Long-Term Debt | $17.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.6B |
| Other Non-Current Liabilities | $7.6B |
| TOTAL NON-CURRENT LIABILITIES | $27.8B |
| TOTAL LIABILITIES | $33.7B |
| Common Stock | $6.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $4.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$67M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.1B |
| Minority Interest | $5M |
| TOTAL EQUITY | $11.1B |
| TOTAL LIABILITIES & EQUITY | $44.8B |
| Total Debt | $21.0B |
| Net Debt | $20.9B |
