| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | — | $1.7B | — | -14.9% |
| Op. Income | $38M | — | $58M | — | -33.8% |
| Gross Margin | 62.9% | — | 57.9% | — | 5.0pp |
| Net Margin | 2.4% | — | 3.2% | — | -0.8pp |
| EPS (Diluted) | $0.33 | — | $0.51 | — | -35.3% |
| Free Cash Flow | -$100M | — | $176M | — | -156.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $529M |
| GROSS PROFIT | $895M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $501M |
| SG&A Expenses | $501M |
| Other Expenses | $356M |
| Operating Expenses | $857M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $38M |
| Interest Income | $0 |
| Interest Expense | $33M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $34M |
| D&A | $50M |
| EBIT | $72M |
| EBITDA | $121M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $529M |
| GROSS PROFIT | $895M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $501M |
| SG&A Expenses | $501M |
| Other Expenses | $356M |
| Operating Expenses | $857M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $38M |
| Interest Income | $0 |
| Interest Expense | $33M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $34M |
| D&A | $50M |
| EBIT | $72M |
| EBITDA | $121M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $34M |
| Depreciation & Amortization | $50M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $37M |
| Other Non-Cash Items | $65M |
| Change in Working Capital | -$235M |
| OPERATING CASH FLOW | -$42M |
| Capital Expenditure | -$58M |
| Acquisitions (Net) | -$6M |
| Purchases of Investments | -$301M |
| Sales/Maturities of Investments | $758M |
| Other Investing Activities | $21M |
| NET CASH FROM INVESTING | $415M |
| Net Debt Issuance | $22M |
| Common Stock Repurchased | -$18M |
| Common Dividends Paid | -$55M |
| Other Financing Activities | $1.7B |
| NET CASH FROM FINANCING | $1.6B |
| FREE CASH FLOW | -$100M |
| Net Change in Cash | $2.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.7B |
| Short-Term Investments | $0 |
| Net Receivables | $585M |
| Inventory | $0 |
| Other Current Assets | -$4.2B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $979M |
| Goodwill | $1.8B |
| Intangible Assets | $806M |
| Long-Term Investments | $7.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$11.5B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $16.8B |
| Account Payables | $63M |
| Short-Term Debt | $853M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$1.3B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $197M |
| Deferred Tax Liabilities | $64M |
| Other Non-Current Liabilities | -$1.6B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $11.9B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $3.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$656M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.8B |
| Minority Interest | $15M |
| TOTAL EQUITY | $4.9B |
| TOTAL LIABILITIES & EQUITY | $16.8B |
| Total Debt | $2.2B |
| Net Debt | -$1.5B |
