| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.6B | $5.8B | $5.5B | -4.1% | 1.1% |
| Op. Income | $419M | $465M | $348M | -10.0% | 20.5% |
| Gross Margin | 36.4% | 36.2% | 35.7% | 0.2pp | 0.7pp |
| Net Margin | 5.7% | 6.0% | 4.6% | -0.4pp | 1.1pp |
| EPS (Diluted) | $2.26 | $2.49 | $1.77 | -9.2% | 27.7% |
| Free Cash Flow | $190M | $481M | $127M | -60.4% | 50.2% |
| Item | Amount |
|---|---|
| REVENUE | $5.6B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $92M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $419M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | $103.0K |
| INCOME BEFORE TAX | $419M |
| Income Tax Expense | $102M |
| Net Income from Continuing Ops | $317M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $317M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $317M |
| D&A | $89M |
| EBIT | $434M |
| EBITDA | $523M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.6B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $92M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $419M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | $103.0K |
| INCOME BEFORE TAX | $419M |
| Income Tax Expense | $102M |
| Net Income from Continuing Ops | $317M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $317M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $317M |
| D&A | $89M |
| EBIT | $434M |
| EBITDA | $523M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $317M |
| Depreciation & Amortization | $89M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $42M |
| Other Non-Cash Items | -$35M |
| Change in Working Capital | -$69M |
| OPERATING CASH FLOW | $353M |
| Capital Expenditure | -$163M |
| Acquisitions (Net) | -$281M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $211M |
| NET CASH FROM INVESTING | -$232M |
| Net Debt Issuance | $532M |
| Common Stock Repurchased | -$89M |
| Common Dividends Paid | -$133M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $307M |
| FREE CASH FLOW | $190M |
| Net Change in Cash | $447M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $4.7B |
| Other Current Assets | $1.6B |
| TOTAL CURRENT ASSETS | $9.6B |
| PP&E (Net) | $2.9B |
| Goodwill | $2.7B |
| Intangible Assets | $1.8B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $949M |
| TOTAL NON-CURRENT ASSETS | $8.4B |
| TOTAL ASSETS | $18.0B |
| Account Payables | $5.5B |
| Short-Term Debt | $355M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.8B |
| TOTAL CURRENT LIABILITIES | $7.8B |
| Long-Term Debt | $3.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $438M |
| Other Non-Current Liabilities | $756M |
| TOTAL NON-CURRENT LIABILITIES | $5.7B |
| TOTAL LIABILITIES | $13.6B |
| Common Stock | $140M |
| Additional Paid-In Capital | $173M |
| Retained Earnings | $5.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$977M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.4B |
| Minority Interest | $16M |
| TOTAL EQUITY | $4.4B |
| TOTAL LIABILITIES & EQUITY | $18.0B |
| Total Debt | $4.9B |
| Net Debt | $3.8B |
