| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.3B | — | -2.6% | — |
| Op. Income | $201M | $261M | — | -23.0% | — |
| Gross Margin | 20.4% | 21.2% | — | -0.9pp | — |
| Net Margin | 14.1% | 7.9% | — | 6.2pp | — |
| EPS (Diluted) | $2.61 | $1.49 | — | 75.2% | — |
| Free Cash Flow | $272M | $278M | — | -2.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $449M |
| R&D Expenses | $57M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $191M |
| Other Expenses | $0 |
| Operating Expenses | $248M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $201M |
| Interest Income | $2M |
| Interest Expense | $54M |
| Other Income/Expenses | $224M |
| INCOME BEFORE TAX | $425M |
| Income Tax Expense | $114M |
| Net Income from Continuing Ops | $311M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $310M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $310M |
| D&A | $118M |
| EBIT | $478M |
| EBITDA | $596M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $449M |
| R&D Expenses | $57M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $191M |
| Other Expenses | $0 |
| Operating Expenses | $248M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $201M |
| Interest Income | $2M |
| Interest Expense | $54M |
| Other Income/Expenses | $224M |
| INCOME BEFORE TAX | $425M |
| Income Tax Expense | $114M |
| Net Income from Continuing Ops | $311M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $310M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $310M |
| D&A | $118M |
| EBIT | $478M |
| EBITDA | $596M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $311M |
| Depreciation & Amortization | $118M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $54M |
| Other Non-Cash Items | -$243M |
| Change in Working Capital | $212M |
| OPERATING CASH FLOW | $452M |
| Capital Expenditure | -$180M |
| Acquisitions (Net) | $415M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $12M |
| NET CASH FROM INVESTING | $248M |
| Net Debt Issuance | -$399M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | -$94M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$593M |
| FREE CASH FLOW | $272M |
| Net Change in Cash | $109M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $548M |
| Short-Term Investments | $0 |
| Net Receivables | $1.2B |
| Inventory | $1.7B |
| Other Current Assets | $96M |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $5.7B |
| Goodwill | $3.6B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $124M |
| Tax Assets | $601M |
| Other Non-Current Assets | -$85M |
| TOTAL NON-CURRENT ASSETS | $11.2B |
| TOTAL ASSETS | $14.6B |
| Account Payables | $1.2B |
| Short-Term Debt | $593M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $313M |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $4.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $601M |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $6.5B |
| TOTAL LIABILITIES | $9.1B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $9.5B |
| Treasury Stock | -$6.1B |
| Accum. Other Comp. Income | -$319M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.5B |
| Minority Interest | $72M |
| TOTAL EQUITY | $5.5B |
| TOTAL LIABILITIES & EQUITY | $14.6B |
| Total Debt | $5.1B |
| Net Debt | $4.6B |
