| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $918M | $861M | $968M | 6.6% | -5.2% |
| Op. Income | $131M | $163M | $82M | -19.8% | 58.5% |
| Gross Margin | 36.0% | 33.6% | 36.6% | 2.3pp | -0.6pp |
| Net Margin | 8.9% | 11.6% | 5.4% | -2.8pp | 3.5pp |
| EPS (Diluted) | $0.19 | $0.23 | $0.12 | -17.4% | 58.3% |
| Free Cash Flow | $35M | $27M | $121M | 29.7% | -71.1% |
| Item | Amount |
|---|---|
| REVENUE | $918M |
| Cost of Revenue | $588M |
| GROSS PROFIT | $330M |
| R&D Expenses | $10M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $133M |
| Other Expenses | $57M |
| Operating Expenses | $199M |
| Cost & Expenses | $787M |
| OPERATING INCOME | $131M |
| Interest Income | $3M |
| Interest Expense | $9M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $124M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $81M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $81M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $81M |
| D&A | $46M |
| EBIT | $137M |
| EBITDA | $183M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $918M |
| Cost of Revenue | $588M |
| GROSS PROFIT | $330M |
| R&D Expenses | $10M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $133M |
| Other Expenses | $57M |
| Operating Expenses | $199M |
| Cost & Expenses | $787M |
| OPERATING INCOME | $131M |
| Interest Income | $3M |
| Interest Expense | $9M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $124M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $81M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $81M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $81M |
| D&A | $46M |
| EBIT | $137M |
| EBITDA | $183M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $81M |
| Depreciation & Amortization | $46M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$18M |
| Other Non-Cash Items | $54M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $176M |
| Capital Expenditure | -$141M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $106M |
| Other Investing Activities | -$108M |
| NET CASH FROM INVESTING | -$143M |
| Net Debt Issuance | $59M |
| Common Stock Repurchased | -$47M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$300.0K |
| NET CASH FROM FINANCING | $12M |
| FREE CASH FLOW | $35M |
| Net Change in Cash | $42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $113M |
| Short-Term Investments | $0 |
| Net Receivables | $299M |
| Inventory | $344M |
| Other Current Assets | $278M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $1.9B |
| Goodwill | $195M |
| Intangible Assets | $155M |
| Long-Term Investments | $0 |
| Tax Assets | $1.1B |
| Other Non-Current Assets | $101M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $4.5B |
| Account Payables | $198M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $162M |
| TOTAL CURRENT LIABILITIES | $697M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $94M |
| Other Non-Current Liabilities | $957M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $230M |
| Additional Paid-In Capital | $238M |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$53M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $4.5B |
| Total Debt | $1.1B |
| Net Debt | $1.0B |
