| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $343M | $334M | $325M | 2.8% | 5.4% |
| Op. Income | $113M | $129M | $148M | -12.8% | -24.0% |
| Gross Margin | 68.7% | 71.9% | 80.9% | -3.3pp | -12.2pp |
| Net Margin | 25.1% | 29.5% | 35.6% | -4.4pp | -10.4pp |
| EPS (Diluted) | $0.43 | $0.49 | $0.57 | -12.2% | -24.6% |
| Free Cash Flow | $114M | $91M | $139M | 24.8% | -18.3% |
| Item | Amount |
|---|---|
| REVENUE | $343M |
| Cost of Revenue | $107M |
| GROSS PROFIT | $236M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $81M |
| SG&A Expenses | $83M |
| Other Expenses | $40M |
| Operating Expenses | $123M |
| Cost & Expenses | $230M |
| OPERATING INCOME | $113M |
| Interest Income | $306M |
| Interest Expense | $103M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $113M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $8M |
| EBIT | $113M |
| EBITDA | $121M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $343M |
| Cost of Revenue | $107M |
| GROSS PROFIT | $236M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $81M |
| SG&A Expenses | $83M |
| Other Expenses | $40M |
| Operating Expenses | $123M |
| Cost & Expenses | $230M |
| OPERATING INCOME | $113M |
| Interest Income | $306M |
| Interest Expense | $103M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $113M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $8M |
| EBIT | $113M |
| EBITDA | $121M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $86M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | $115M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $95M |
| Other Investing Activities | -$191M |
| NET CASH FROM INVESTING | -$100M |
| Net Debt Issuance | $300M |
| Common Stock Repurchased | -$18M |
| Common Dividends Paid | -$36M |
| Other Financing Activities | $251M |
| NET CASH FROM FINANCING | $497M |
| FREE CASH FLOW | $114M |
| Net Change in Cash | $512M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $3.5B |
| Net Receivables | $119M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.6B |
| PP&E (Net) | $393M |
| Goodwill | $1.4B |
| Intangible Assets | $49M |
| Long-Term Investments | $15.4B |
| Tax Assets | $197M |
| Other Non-Current Assets | $574M |
| TOTAL NON-CURRENT ASSETS | $18.0B |
| TOTAL ASSETS | $22.7B |
| Account Payables | $195M |
| Short-Term Debt | $142M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16.8B |
| TOTAL CURRENT LIABILITIES | $17.1B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $18.9B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$249M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $22.7B |
| Total Debt | $1.9B |
| Net Debt | $883M |
