| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $545M | $594M | $488M | -8.2% | 11.7% |
| Op. Income | $59M | $164M | $176M | -64.0% | -66.5% |
| Gross Margin | 59.4% | 64.3% | 79.3% | -4.9pp | -19.9pp |
| Net Margin | 9.4% | 24.4% | 28.5% | -15.1pp | -19.1pp |
| EPS (Diluted) | $0.13 | $0.40 | $0.38 | -67.5% | -65.8% |
| Free Cash Flow | -$37M | $283M | $160M | -113.1% | -123.1% |
| Item | Amount |
|---|---|
| REVENUE | $545M |
| Cost of Revenue | $221M |
| GROSS PROFIT | $324M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $152M |
| SG&A Expenses | $156M |
| Other Expenses | $109M |
| Operating Expenses | $265M |
| Cost & Expenses | $486M |
| OPERATING INCOME | $59M |
| Interest Income | $532M |
| Interest Expense | $207M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $59M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $17M |
| EBIT | $59M |
| EBITDA | $76M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $545M |
| Cost of Revenue | $221M |
| GROSS PROFIT | $324M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $152M |
| SG&A Expenses | $156M |
| Other Expenses | $109M |
| Operating Expenses | $265M |
| Cost & Expenses | $486M |
| OPERATING INCOME | $59M |
| Interest Income | $532M |
| Interest Expense | $207M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $59M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $17M |
| EBIT | $59M |
| EBITDA | $76M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $51M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | -$86M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$832M |
| Sales/Maturities of Investments | $837M |
| Other Investing Activities | -$525M |
| NET CASH FROM INVESTING | -$537M |
| Net Debt Issuance | $443M |
| Common Stock Repurchased | $1M |
| Common Dividends Paid | -$44M |
| Other Financing Activities | $98M |
| NET CASH FROM FINANCING | $496M |
| FREE CASH FLOW | -$37M |
| Net Change in Cash | -$61M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $3.3B |
| Net Receivables | $578M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.4B |
| PP&E (Net) | $461M |
| Goodwill | $2.5B |
| Intangible Assets | $69M |
| Long-Term Investments | $35.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.0B |
| TOTAL NON-CURRENT ASSETS | $40.8B |
| TOTAL ASSETS | $46.2B |
| Account Payables | $0 |
| Short-Term Debt | $2.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $34.7B |
| TOTAL CURRENT LIABILITIES | $37.1B |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $920M |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $40.1B |
| Common Stock | $4M |
| Additional Paid-In Capital | $4.7B |
| Retained Earnings | $1.7B |
| Treasury Stock | -$187M |
| Accum. Other Comp. Income | -$235M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.0B |
| TOTAL LIABILITIES & EQUITY | $46.2B |
| Total Debt | $4.5B |
| Net Debt | $2.9B |
