| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $477M | $559M | $470M | -14.7% | 1.4% |
| Op. Income | $102M | $166M | $120M | -38.5% | -14.5% |
| Gross Margin | 25.1% | 32.3% | 28.8% | -7.2pp | -3.7pp |
| Net Margin | 16.2% | 23.1% | 21.3% | -6.9pp | -5.2pp |
| EPS (Diluted) | $2.24 | $3.72 | $2.79 | -39.8% | -19.7% |
| Free Cash Flow | $31M | $165M | $12M | -81.3% | 149.0% |
| Item | Amount |
|---|---|
| REVENUE | $477M |
| Cost of Revenue | $357M |
| GROSS PROFIT | $120M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $17M |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $17M |
| Cost & Expenses | $374M |
| OPERATING INCOME | $102M |
| Interest Income | $520.0K |
| Interest Expense | $10M |
| Other Income/Expenses | -$645.0K |
| INCOME BEFORE TAX | $102M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $77M |
| D&A | $38M |
| EBIT | $112M |
| EBITDA | $150M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $477M |
| Cost of Revenue | $357M |
| GROSS PROFIT | $120M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $17M |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $17M |
| Cost & Expenses | $374M |
| OPERATING INCOME | $102M |
| Interest Income | $520.0K |
| Interest Expense | $10M |
| Other Income/Expenses | -$645.0K |
| INCOME BEFORE TAX | $102M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $77M |
| D&A | $38M |
| EBIT | $112M |
| EBITDA | $150M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $77M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | -$47M |
| OPERATING CASH FLOW | $63M |
| Capital Expenditure | -$32M |
| Acquisitions (Net) | $55M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$55M |
| NET CASH FROM INVESTING | -$32M |
| Net Debt Issuance | $61M |
| Common Stock Repurchased | -$102M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | -$45M |
| FREE CASH FLOW | $31M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $35M |
| Short-Term Investments | $0 |
| Net Receivables | $213M |
| Inventory | $374M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $628M |
| PP&E (Net) | $1.7B |
| Goodwill | $393M |
| Intangible Assets | $94M |
| Long-Term Investments | $113M |
| Tax Assets | $0 |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $2.9B |
| Account Payables | $127M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $239M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $245M |
| Other Non-Current Liabilities | $52M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $341.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $1.1B |
| Net Debt | $1.1B |
