| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.6B | $3.6B | $4.0B | 0.7% | -10.4% |
| Op. Income | $91M | $83M | $112M | 9.6% | -18.8% |
| Gross Margin | 13.2% | 11.0% | 10.6% | 2.2pp | 2.6pp |
| Net Margin | -21.1% | 1.7% | 13.2% | -22.7pp | -34.3pp |
| EPS (Diluted) | $-3.39 | $0.25 | $2.14 | -1456.0% | -258.4% |
| Free Cash Flow | $360M | $559M | $234M | -35.6% | 53.8% |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $474M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $383M |
| Other Expenses | $0 |
| Operating Expenses | $383M |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $91M |
| Interest Income | $46M |
| Interest Expense | $63M |
| Other Income/Expenses | -$1.3B |
| INCOME BEFORE TAX | -$1.2B |
| Income Tax Expense | -$405M |
| Net Income from Continuing Ops | -$758M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$756M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$756M |
| D&A | $382M |
| EBIT | -$1.1B |
| EBITDA | -$718M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$756M |
| Depreciation & Amortization | $382M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$439M |
| Other Non-Cash Items | $1.3B |
| Change in Working Capital | -$41M |
| OPERATING CASH FLOW | $415M |
| Capital Expenditure | -$55M |
| Acquisitions (Net) | -$193M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$336M |
| Net Debt Issuance | -$469M |
| Common Stock Repurchased | -$344M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$814M |
| FREE CASH FLOW | $360M |
| Net Change in Cash | -$233M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $0 |
| Net Receivables | $3.4B |
| Inventory | $0 |
| Other Current Assets | $260M |
| TOTAL CURRENT ASSETS | $6.1B |
| PP&E (Net) | $2.9B |
| Goodwill | $539M |
| Intangible Assets | $2.6B |
| Long-Term Investments | $0 |
| Tax Assets | $460M |
| Other Non-Current Assets | $3.3B |
| TOTAL NON-CURRENT ASSETS | $9.7B |
| TOTAL ASSETS | $15.8B |
| Account Payables | $782M |
| Short-Term Debt | $285M |
| Deferred Revenue | $1.1B |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $5.2B |
| Long-Term Debt | $3.6B |
| Deferred Revenue NC | $788M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $6.8B |
| TOTAL LIABILITIES | $12.0B |
| Common Stock | $2M |
| Additional Paid-In Capital | $9.1B |
| Retained Earnings | -$4.7B |
| Treasury Stock | -$187M |
| Accum. Other Comp. Income | -$774M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $323M |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $15.8B |
| Total Debt | $5.4B |
| Net Debt | $3.5B |
