| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $445M | $456M | $471M | -2.6% | -5.6% |
| Op. Income | $91M | $84M | $99M | 7.7% | -8.1% |
| Gross Margin | 36.4% | 36.6% | 37.7% | -0.2pp | -1.3pp |
| Net Margin | 13.4% | 13.8% | 13.8% | -0.4pp | -0.4pp |
| EPS (Diluted) | $0.88 | $0.90 | $0.97 | -2.2% | -9.3% |
| Free Cash Flow | $219M | $77M | $63M | 183.8% | 245.8% |
| Item | Amount |
|---|---|
| REVENUE | $445M |
| Cost of Revenue | $283M |
| GROSS PROFIT | $162M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $42M |
| SG&A Expenses | $42M |
| Other Expenses | $29M |
| Operating Expenses | $71M |
| Cost & Expenses | $354M |
| OPERATING INCOME | $91M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $80M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $60M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $60M |
| D&A | $6M |
| EBIT | $91M |
| EBITDA | $97M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $445M |
| Cost of Revenue | $283M |
| GROSS PROFIT | $162M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $42M |
| SG&A Expenses | $42M |
| Other Expenses | $29M |
| Operating Expenses | $71M |
| Cost & Expenses | $354M |
| OPERATING INCOME | $91M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $80M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $60M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $60M |
| D&A | $6M |
| EBIT | $91M |
| EBITDA | $97M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $60M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $34M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $128M |
| OPERATING CASH FLOW | $238M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | -$20M |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$39M |
| Net Debt Issuance | -$307.0K |
| Common Stock Repurchased | $432.0K |
| Common Dividends Paid | -$32M |
| Other Financing Activities | -$407.0K |
| NET CASH FROM FINANCING | -$33M |
| FREE CASH FLOW | $219M |
| Net Change in Cash | $165M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $714M |
| Short-Term Investments | $6M |
| Net Receivables | $315M |
| Inventory | $0 |
| Other Current Assets | $373.0K |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $422M |
| Goodwill | $1.1B |
| Intangible Assets | $203M |
| Long-Term Investments | $31M |
| Tax Assets | $105M |
| Other Non-Current Assets | $84M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $3.0B |
| Account Payables | $113M |
| Short-Term Debt | $0 |
| Deferred Revenue | $41M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $920M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $544.0K |
| Other Non-Current Liabilities | $60M |
| TOTAL NON-CURRENT LIABILITIES | $436M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $69.0K |
| Additional Paid-In Capital | $643M |
| Retained Earnings | $1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$63M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $375M |
| Net Debt | -$340M |
