| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $581M | $545M | $491M | 6.5% | 18.3% |
| Op. Income | $55M | $61M | $55M | -10.1% | -0.4% |
| Gross Margin | 36.8% | 32.5% | 38.2% | 4.3pp | -1.4pp |
| Net Margin | 7.3% | 7.9% | 8.0% | -0.6pp | -0.7pp |
| EPS (Diluted) | $0.96 | $0.98 | $0.91 | -2.0% | 5.5% |
| Free Cash Flow | $202M | $61M | $0 | 232.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $581M |
| Cost of Revenue | $367M |
| GROSS PROFIT | $214M |
| R&D Expenses | $0 |
| Selling & Marketing | $32M |
| General & Administrative | $113M |
| SG&A Expenses | $145M |
| Other Expenses | $14M |
| Operating Expenses | $159M |
| Cost & Expenses | $526M |
| OPERATING INCOME | $55M |
| Interest Income | $1M |
| Interest Expense | $9M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $11M |
| EBIT | $61M |
| EBITDA | $72M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $581M |
| Cost of Revenue | $367M |
| GROSS PROFIT | $214M |
| R&D Expenses | $0 |
| Selling & Marketing | $32M |
| General & Administrative | $113M |
| SG&A Expenses | $145M |
| Other Expenses | $14M |
| Operating Expenses | $159M |
| Cost & Expenses | $526M |
| OPERATING INCOME | $55M |
| Interest Income | $1M |
| Interest Expense | $9M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $11M |
| EBIT | $61M |
| EBITDA | $72M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $42M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | -$86M |
| Other Non-Cash Items | $83M |
| Change in Working Capital | $63M |
| OPERATING CASH FLOW | $156M |
| Capital Expenditure | $45M |
| Acquisitions (Net) | -$268M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $95M |
| NET CASH FROM INVESTING | -$127M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $88M |
| NET CASH FROM FINANCING | $80M |
| FREE CASH FLOW | $202M |
| Net Change in Cash | $110M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $307M |
| Short-Term Investments | $20M |
| Net Receivables | $557M |
| Inventory | $0 |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $925M |
| PP&E (Net) | $282M |
| Goodwill | $1.1B |
| Intangible Assets | $286M |
| Long-Term Investments | $38M |
| Tax Assets | $61M |
| Other Non-Current Assets | $31M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $48M |
| Short-Term Debt | $157M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $240M |
| TOTAL CURRENT LIABILITIES | $665M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $21M |
| Other Non-Current Liabilities | $172M |
| TOTAL NON-CURRENT LIABILITIES | $266M |
| TOTAL LIABILITIES | $931M |
| Common Stock | $52M |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $697M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$42M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $66M |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $278M |
| Net Debt | -$29M |
