| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $812M | $888M | $946M | -8.6% | -14.1% |
| Op. Income | $101M | $117M | $144M | -13.7% | -29.7% |
| Gross Margin | 42.4% | 41.3% | 42.8% | 1.1pp | -0.3pp |
| Net Margin | 4.7% | 3.7% | 6.1% | 0.9pp | -1.4pp |
| EPS (Diluted) | $0.25 | $0.22 | $0.38 | 13.6% | -34.2% |
| Free Cash Flow | $22M | $129M | -$115M | -83.0% | 119.1% |
| Item | Amount |
|---|---|
| REVENUE | $812M |
| Cost of Revenue | $468M |
| GROSS PROFIT | $345M |
| R&D Expenses | $68M |
| Selling & Marketing | -$96M |
| General & Administrative | $90M |
| SG&A Expenses | -$5M |
| Other Expenses | $181M |
| Operating Expenses | $244M |
| Cost & Expenses | $711M |
| OPERATING INCOME | $101M |
| Interest Income | $5M |
| Interest Expense | $68M |
| Other Income/Expenses | -$74M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | -$11M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $94M |
| EBIT | $94M |
| EBITDA | $188M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $812M |
| Cost of Revenue | $468M |
| GROSS PROFIT | $345M |
| R&D Expenses | $68M |
| Selling & Marketing | -$96M |
| General & Administrative | $90M |
| SG&A Expenses | -$5M |
| Other Expenses | $181M |
| Operating Expenses | $244M |
| Cost & Expenses | $711M |
| OPERATING INCOME | $101M |
| Interest Income | $5M |
| Interest Expense | $68M |
| Other Income/Expenses | -$74M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | -$11M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $94M |
| EBIT | $94M |
| EBITDA | $188M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $38M |
| Depreciation & Amortization | $94M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$50M |
| Other Non-Cash Items | $38M |
| Change in Working Capital | $22M |
| OPERATING CASH FLOW | $151M |
| Capital Expenditure | -$129M |
| Acquisitions (Net) | $681M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $24M |
| NET CASH FROM INVESTING | $576M |
| Net Debt Issuance | -$870M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$15M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$873M |
| FREE CASH FLOW | $22M |
| Net Change in Cash | -$137M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $457M |
| Short-Term Investments | $0 |
| Net Receivables | $457M |
| Inventory | $607M |
| Other Current Assets | $456M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $1.5B |
| Goodwill | $3.9B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $3M |
| Tax Assets | $31M |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $6.8B |
| TOTAL ASSETS | $8.8B |
| Account Payables | $134M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $514M |
| Long-Term Debt | $4.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $190M |
| Other Non-Current Liabilities | $54M |
| TOTAL NON-CURRENT LIABILITIES | $4.9B |
| TOTAL LIABILITIES | $5.4B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $1.2B |
| Treasury Stock | -$7M |
| Accum. Other Comp. Income | -$43M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $8.8B |
| Total Debt | $4.6B |
| Net Debt | $4.2B |
