| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.4B | $1.5B | 12.6% | 5.4% |
| Op. Income | $301M | $244M | $332M | 23.3% | -9.3% |
| Gross Margin | 66.6% | 68.0% | 68.4% | -1.4pp | -1.8pp |
| Net Margin | 13.2% | 12.8% | 17.1% | 0.4pp | -3.9pp |
| EPS (Diluted) | $2.64 | $2.26 | $3.21 | 16.8% | -17.8% |
| Free Cash Flow | $196M | $302M | $166M | -35.1% | 18.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $530M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $704M |
| Other Expenses | $51M |
| Operating Expenses | $755M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $301M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $277M |
| Income Tax Expense | $69M |
| Net Income from Continuing Ops | $209M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $209M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $209M |
| D&A | $49M |
| EBIT | $336M |
| EBITDA | $386M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $530M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $704M |
| Other Expenses | $51M |
| Operating Expenses | $755M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $301M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $277M |
| Income Tax Expense | $69M |
| Net Income from Continuing Ops | $209M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $209M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $209M |
| D&A | $49M |
| EBIT | $336M |
| EBITDA | $386M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $209M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | -$15M |
| Other Non-Cash Items | $446M |
| Change in Working Capital | -$443M |
| OPERATING CASH FLOW | $224M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | $5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$158M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | -$155M |
| FREE CASH FLOW | $196M |
| Net Change in Cash | $70M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $0 |
| Net Receivables | $1.6B |
| Inventory | $0 |
| Other Current Assets | $508M |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $630M |
| Goodwill | $2.9B |
| Intangible Assets | $502M |
| Long-Term Investments | $0 |
| Tax Assets | $145M |
| Other Non-Current Assets | $195M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $7.8B |
| Account Payables | $63M |
| Short-Term Debt | $108M |
| Deferred Revenue | $2.6B |
| Other Current Liabilities | $205M |
| TOTAL CURRENT LIABILITIES | $3.8B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $33M |
| Deferred Tax Liabilities | $87M |
| Other Non-Current Liabilities | $295M |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $7.2B |
| Common Stock | $82.0K |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $4.7B |
| Treasury Stock | -$6.3B |
| Accum. Other Comp. Income | -$76M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $681M |
| Minority Interest | $0 |
| TOTAL EQUITY | $681M |
| TOTAL LIABILITIES & EQUITY | $7.8B |
| Total Debt | $3.1B |
| Net Debt | $1.8B |
