| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | — | $3.1B | — | -19.1% |
| Op. Income | $17M | — | $53M | — | -67.1% |
| Gross Margin | 1.7% | — | 2.5% | — | -0.8pp |
| Net Margin | 1.2% | — | 1.3% | — | -0.1pp |
| EPS (Diluted) | $1.20 | — | $1.71 | — | -29.8% |
| Free Cash Flow | $80M | — | -$76M | — | 205.9% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $43M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $23M |
| Other Expenses | $3M |
| Operating Expenses | $26M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $17M |
| Interest Income | $8M |
| Interest Expense | $10M |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $3M |
| EBIT | $44M |
| EBITDA | $46M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $43M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $23M |
| Other Expenses | $3M |
| Operating Expenses | $26M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $17M |
| Interest Income | $8M |
| Interest Expense | $10M |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $3M |
| EBIT | $44M |
| EBITDA | $46M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $31M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $321.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $92M |
| Change in Working Capital | -$44M |
| OPERATING CASH FLOW | $83M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$45M |
| Common Stock Repurchased | -$214.0K |
| Common Dividends Paid | $19M |
| Other Financing Activities | -$14M |
| NET CASH FROM FINANCING | -$64M |
| FREE CASH FLOW | $80M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $49M |
| Short-Term Investments | $0 |
| Net Receivables | $173M |
| Inventory | $1.1B |
| Other Current Assets | $123M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $30M |
| Goodwill | $200M |
| Intangible Assets | $102M |
| Long-Term Investments | $50M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $386M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $12M |
| Short-Term Debt | $526M |
| Deferred Revenue | $263M |
| Other Current Liabilities | $59M |
| TOTAL CURRENT LIABILITIES | $884M |
| Long-Term Debt | $249M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $22M |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $282M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $240.0K |
| Additional Paid-In Capital | $169M |
| Retained Earnings | $467M |
| Treasury Stock | -$28M |
| Accum. Other Comp. Income | $61.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $608M |
| Minority Interest | $54M |
| TOTAL EQUITY | $662M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $775M |
| Net Debt | $726M |
