| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $641M | $683M | $709M | -6.2% | -9.5% |
| Op. Income | $79M | $102M | -$434M | -22.3% | 118.3% |
| Gross Margin | 38.3% | 40.2% | 35.6% | -1.8pp | 2.7pp |
| Net Margin | 6.5% | 7.2% | -58.8% | -0.7pp | 65.3pp |
| EPS (Diluted) | $0.79 | $0.90 | $-7.97 | -12.2% | 109.9% |
| Free Cash Flow | $79M | $139M | $99M | -43.0% | -19.7% |
| Item | Amount |
|---|---|
| REVENUE | $641M |
| Cost of Revenue | $396M |
| GROSS PROFIT | $246M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $176M |
| SG&A Expenses | $176M |
| Other Expenses | -$10M |
| Operating Expenses | $166M |
| Cost & Expenses | $562M |
| OPERATING INCOME | $79M |
| Interest Income | $1M |
| Interest Expense | $26M |
| Other Income/Expenses | -$23M |
| INCOME BEFORE TAX | $56M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $15M |
| EBIT | $99M |
| EBITDA | $114M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $641M |
| Cost of Revenue | $396M |
| GROSS PROFIT | $246M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $176M |
| SG&A Expenses | $176M |
| Other Expenses | -$10M |
| Operating Expenses | $166M |
| Cost & Expenses | $562M |
| OPERATING INCOME | $79M |
| Interest Income | $1M |
| Interest Expense | $26M |
| Other Income/Expenses | -$23M |
| INCOME BEFORE TAX | $56M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $15M |
| EBIT | $99M |
| EBITDA | $114M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $42M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $56M |
| OPERATING CASH FLOW | $123M |
| Capital Expenditure | -$43M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $9M |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | -$63M |
| Common Stock Repurchased | -$66M |
| Common Dividends Paid | -$6M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$138M |
| FREE CASH FLOW | $79M |
| Net Change in Cash | -$49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $103M |
| Short-Term Investments | $0 |
| Net Receivables | $312M |
| Inventory | $507M |
| Other Current Assets | $58M |
| TOTAL CURRENT ASSETS | $981M |
| PP&E (Net) | $449M |
| Goodwill | $328M |
| Intangible Assets | $635M |
| Long-Term Investments | -$101M |
| Tax Assets | $101M |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $117M |
| Short-Term Debt | $10M |
| Deferred Revenue | $49M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $359M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $138M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $21M |
| Additional Paid-In Capital | $663M |
| Retained Earnings | $282M |
| Treasury Stock | -$578M |
| Accum. Other Comp. Income | -$70M |
| Other Equity | -$2M |
| TOTAL STOCKHOLDERS' EQUITY | $315M |
| Minority Interest | $0 |
| TOTAL EQUITY | $315M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $1.6B |
| Net Debt | $1.5B |
