| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $945M | $984M | $953M | -4.0% | -0.8% |
| Op. Income | $133M | $1M | $141M | 9364.3% | -6.0% |
| Gross Margin | 52.9% | 37.3% | 54.0% | 15.6pp | -1.1pp |
| Net Margin | 9.6% | -4.1% | 12.5% | 13.7pp | -2.9pp |
| EPS (Diluted) | $0.37 | $-0.16 | $0.47 | 331.3% | -21.3% |
| Free Cash Flow | $206M | $296M | $137M | -30.4% | 50.5% |
| Item | Amount |
|---|---|
| REVENUE | $945M |
| Cost of Revenue | $445M |
| GROSS PROFIT | $500M |
| R&D Expenses | $73M |
| Selling & Marketing | $140M |
| General & Administrative | $93M |
| SG&A Expenses | $232M |
| Other Expenses | $63M |
| Operating Expenses | $368M |
| Cost & Expenses | $813M |
| OPERATING INCOME | $133M |
| Interest Income | $36M |
| Interest Expense | $28M |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | $146M |
| Income Tax Expense | $55M |
| Net Income from Continuing Ops | $91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $91M |
| D&A | $76M |
| EBIT | $174M |
| EBITDA | $249M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $945M |
| Cost of Revenue | $445M |
| GROSS PROFIT | $500M |
| R&D Expenses | $73M |
| Selling & Marketing | $140M |
| General & Administrative | $93M |
| SG&A Expenses | $232M |
| Other Expenses | $63M |
| Operating Expenses | $368M |
| Cost & Expenses | $813M |
| OPERATING INCOME | $133M |
| Interest Income | $36M |
| Interest Expense | $28M |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | $146M |
| Income Tax Expense | $55M |
| Net Income from Continuing Ops | $91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $91M |
| D&A | $76M |
| EBIT | $174M |
| EBITDA | $249M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $91M |
| Depreciation & Amortization | $76M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $48M |
| Change in Working Capital | $35M |
| OPERATING CASH FLOW | $259M |
| Capital Expenditure | -$53M |
| Acquisitions (Net) | $7M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$56M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$211M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | -$211M |
| FREE CASH FLOW | $206M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.7B |
| Short-Term Investments | $0 |
| Net Receivables | $626M |
| Inventory | $618M |
| Other Current Assets | $187M |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $580M |
| Goodwill | $3.3B |
| Intangible Assets | $889M |
| Long-Term Investments | $16M |
| Tax Assets | $57M |
| Other Non-Current Assets | $133M |
| TOTAL NON-CURRENT ASSETS | $5.0B |
| TOTAL ASSETS | $9.1B |
| Account Payables | $175M |
| Short-Term Debt | $287M |
| Deferred Revenue | $199M |
| Other Current Liabilities | $288M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $14M |
| Deferred Tax Liabilities | $295M |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $3M |
| Additional Paid-In Capital | $6.1B |
| Retained Earnings | $2.1B |
| Treasury Stock | -$3.0B |
| Accum. Other Comp. Income | -$148M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $9.1B |
| Total Debt | $2.9B |
| Net Debt | $182M |
