| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.0B | $951M | -2.1% | 6.8% |
| Op. Income | $67M | $65M | $59M | 3.4% | 13.8% |
| Gross Margin | 12.5% | 12.3% | 13.4% | 0.1pp | -1.0pp |
| Net Margin | 2.4% | 2.1% | 2.1% | 0.4pp | 0.3pp |
| EPS (Diluted) | $0.76 | $0.64 | $0.61 | 18.8% | 24.6% |
| Free Cash Flow | -$31M | $13M | $48M | -334.3% | -165.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $890M |
| GROSS PROFIT | $127M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $60M |
| Other Expenses | $0 |
| Operating Expenses | $60M |
| Cost & Expenses | $949M |
| OPERATING INCOME | $67M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $27M |
| EBIT | $63M |
| EBITDA | $90M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $890M |
| GROSS PROFIT | $127M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $60M |
| Other Expenses | $0 |
| Operating Expenses | $60M |
| Cost & Expenses | $949M |
| OPERATING INCOME | $67M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $27M |
| EBIT | $63M |
| EBITDA | $90M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $25M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $26M |
| Other Non-Cash Items | $25M |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | $77M |
| Capital Expenditure | -$108M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$112M |
| Net Debt Issuance | $6M |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | -$39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $303M |
| Short-Term Investments | $0 |
| Net Receivables | $572M |
| Inventory | $824M |
| Other Current Assets | -$56M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $1.9B |
| Goodwill | $129M |
| Intangible Assets | $41M |
| Long-Term Investments | $136M |
| Tax Assets | $33M |
| Other Non-Current Assets | $63M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $4.0B |
| Account Payables | $397M |
| Short-Term Debt | $297M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $968M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $46M |
| Deferred Tax Liabilities | $114M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $364M |
| Retained Earnings | $898M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $211M |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $4.0B |
| Total Debt | $1.7B |
| Net Debt | $1.4B |
