| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $2.8B | $2.8B | 12.8% | 13.0% |
| Op. Income | $312M | $172M | $103M | 81.4% | 202.9% |
| Gross Margin | 15.5% | 14.8% | 12.1% | 0.7pp | 3.4pp |
| Net Margin | 8.6% | 5.3% | 4.4% | 3.4pp | 4.3pp |
| EPS (Diluted) | $6.90 | $3.70 | $3.07 | 86.5% | 124.8% |
| Free Cash Flow | $434M | $282M | $496M | 53.9% | -12.5% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $491M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $311M |
| SG&A Expenses | $311M |
| Other Expenses | -$167M |
| Operating Expenses | $179M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $312M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | $20M |
| INCOME BEFORE TAX | $332M |
| Income Tax Expense | $58M |
| Net Income from Continuing Ops | $274M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $274M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $274M |
| D&A | $88M |
| EBIT | $357M |
| EBITDA | $445M |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $491M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $311M |
| SG&A Expenses | $311M |
| Other Expenses | -$167M |
| Operating Expenses | $179M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $312M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | $20M |
| INCOME BEFORE TAX | $332M |
| Income Tax Expense | $58M |
| Net Income from Continuing Ops | $274M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $274M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $274M |
| D&A | $88M |
| EBIT | $357M |
| EBITDA | $445M |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| Net Income | $274M |
| Depreciation & Amortization | $88M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$32M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $225M |
| OPERATING CASH FLOW | $562M |
| Capital Expenditure | -$128M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$125M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | -$38M |
| Common Dividends Paid | -$51M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$116M |
| FREE CASH FLOW | $434M |
| Net Change in Cash | $321M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $430M |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $186M |
| Other Current Assets | $83M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $3.6B |
| Goodwill | $2.6B |
| Intangible Assets | $891M |
| Long-Term Investments | $220M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $8.3B |
| TOTAL ASSETS | $11.2B |
| Account Payables | $554M |
| Short-Term Debt | $231M |
| Deferred Revenue | $1.1B |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $367M |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $4.1B |
| TOTAL LIABILITIES | $7.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $4.8B |
| Treasury Stock | -$2.3B |
| Accum. Other Comp. Income | -$422M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $11.2B |
| Total Debt | $2.7B |
| Net Debt | $2.2B |
