| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $536M | $530M | $499M | 1.1% | 7.3% |
| Op. Income | $116M | $172M | $132M | -32.5% | -12.2% |
| Gross Margin | 50.8% | 54.4% | 51.5% | -3.6pp | -0.8pp |
| Net Margin | 12.2% | 25.4% | 20.9% | -13.3pp | -8.8pp |
| EPS (Diluted) | $1.68 | $3.46 | $2.69 | -51.4% | -37.5% |
| Free Cash Flow | $156M | $193M | $136M | -18.8% | 14.8% |
| Item | Amount |
|---|---|
| REVENUE | $536M |
| Cost of Revenue | $264M |
| GROSS PROFIT | $272M |
| R&D Expenses | $267M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $130M |
| Other Expenses | -$242M |
| Operating Expenses | $156M |
| Cost & Expenses | $420M |
| OPERATING INCOME | $116M |
| Interest Income | $5M |
| Interest Expense | $17M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $107M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $39.0K |
| NET INCOME | $65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $65M |
| D&A | $30M |
| EBIT | $124M |
| EBITDA | $154M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $536M |
| Cost of Revenue | $264M |
| GROSS PROFIT | $272M |
| R&D Expenses | $267M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $130M |
| Other Expenses | -$242M |
| Operating Expenses | $156M |
| Cost & Expenses | $420M |
| OPERATING INCOME | $116M |
| Interest Income | $5M |
| Interest Expense | $17M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $107M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $39.0K |
| NET INCOME | $65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $65M |
| D&A | $30M |
| EBIT | $124M |
| EBITDA | $154M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $65M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$30M |
| Other Non-Cash Items | $44M |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | $156M |
| Capital Expenditure | $635.0K |
| Acquisitions (Net) | -$24M |
| Purchases of Investments | -$125.0K |
| Sales/Maturities of Investments | $78M |
| Other Investing Activities | -$78M |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | -$63M |
| Common Stock Repurchased | -$110M |
| Common Dividends Paid | -$37M |
| Other Financing Activities | $15M |
| NET CASH FROM FINANCING | -$195M |
| FREE CASH FLOW | $156M |
| Net Change in Cash | -$61M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $425M |
| Short-Term Investments | $32M |
| Net Receivables | $238M |
| Inventory | $0 |
| Other Current Assets | $51M |
| TOTAL CURRENT ASSETS | $770M |
| PP&E (Net) | $228M |
| Goodwill | $1.0B |
| Intangible Assets | $1.9B |
| Long-Term Investments | $0 |
| Tax Assets | $27M |
| Other Non-Current Assets | $74M |
| TOTAL NON-CURRENT ASSETS | $3.2B |
| TOTAL ASSETS | $4.0B |
| Account Payables | $122M |
| Short-Term Debt | $0 |
| Deferred Revenue | $152M |
| Other Current Liabilities | $113M |
| TOTAL CURRENT LIABILITIES | $484M |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $37M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $421.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $1.5B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$87M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $4.0B |
| Total Debt | $1.8B |
| Net Debt | $1.4B |
