| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.5B | $1.5B | 6.0% | 3.5% |
| Op. Income | $311M | $291M | $292M | 6.8% | 6.7% |
| Gross Margin | 59.8% | 59.8% | 58.3% | 0.1pp | 1.5pp |
| Net Margin | 16.7% | 14.6% | 14.9% | 2.2pp | 1.9pp |
| EPS (Diluted) | $0.75 | $0.61 | $0.64 | 23.0% | 17.2% |
| Free Cash Flow | $413M | $384M | $428M | 7.6% | -3.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $636M |
| GROSS PROFIT | $948M |
| R&D Expenses | $99M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $537M |
| Other Expenses | $0 |
| Operating Expenses | $637M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $311M |
| Interest Income | $0 |
| Interest Expense | $29M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $278M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $265M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $265M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $265M |
| D&A | $116M |
| EBIT | $306M |
| EBITDA | $422M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $636M |
| GROSS PROFIT | $948M |
| R&D Expenses | $99M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $537M |
| Other Expenses | $0 |
| Operating Expenses | $637M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $311M |
| Interest Income | $0 |
| Interest Expense | $29M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $278M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $265M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $265M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $265M |
| D&A | $116M |
| EBIT | $306M |
| EBITDA | $422M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $265M |
| Depreciation & Amortization | $116M |
| Stock-Based Compensation | $28M |
| Deferred Income Tax | -$104M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $142M |
| OPERATING CASH FLOW | $447M |
| Capital Expenditure | -$34M |
| Acquisitions (Net) | -$38M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $800.0K |
| NET CASH FROM INVESTING | -$71M |
| Net Debt Issuance | $892M |
| Common Stock Repurchased | -$65M |
| Common Dividends Paid | -$28M |
| Other Financing Activities | -$100.0K |
| NET CASH FROM FINANCING | $799M |
| FREE CASH FLOW | $413M |
| Net Change in Cash | $1.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $0 |
| Net Receivables | $961M |
| Inventory | $537M |
| Other Current Assets | $285M |
| TOTAL CURRENT ASSETS | $3.7B |
| PP&E (Net) | $440M |
| Goodwill | $9.1B |
| Intangible Assets | $3.2B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $519M |
| TOTAL NON-CURRENT ASSETS | $13.2B |
| TOTAL ASSETS | $16.9B |
| Account Payables | $609M |
| Short-Term Debt | $0 |
| Deferred Revenue | $545M |
| Other Current Liabilities | $427M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $3.6B |
| Deferred Revenue NC | $46M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $977M |
| TOTAL NON-CURRENT LIABILITIES | $4.8B |
| TOTAL LIABILITIES | $6.6B |
| Common Stock | $4M |
| Additional Paid-In Capital | $3.9B |
| Retained Earnings | $7.5B |
| Treasury Stock | -$716M |
| Accum. Other Comp. Income | -$326M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.3B |
| Minority Interest | $6M |
| TOTAL EQUITY | $10.3B |
| TOTAL LIABILITIES & EQUITY | $16.9B |
| Total Debt | $3.8B |
| Net Debt | $1.9B |
