| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $722M | $744M | $776M | -2.9% | -7.0% |
| Op. Income | $22M | $19M | $3M | 13.6% | 600.0% |
| Gross Margin | 11.3% | 10.5% | 3.9% | 0.7pp | 7.4pp |
| Net Margin | 1.1% | 0.7% | -3.4% | 0.3pp | 4.5pp |
| EPS (Diluted) | $0.47 | $0.33 | $-1.66 | 42.4% | 128.3% |
| Free Cash Flow | $51M | $52M | -$65M | -2.5% | 179.1% |
| Item | Amount |
|---|---|
| REVENUE | $722M |
| Cost of Revenue | $640M |
| GROSS PROFIT | $82M |
| R&D Expenses | $0 |
| Selling & Marketing | $100.0K |
| General & Administrative | $33M |
| SG&A Expenses | $33M |
| Other Expenses | $27M |
| Operating Expenses | $60M |
| Cost & Expenses | $700M |
| OPERATING INCOME | $22M |
| Interest Income | $500.0K |
| Interest Expense | $12M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $29M |
| EBIT | $20M |
| EBITDA | $49M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $722M |
| Cost of Revenue | $640M |
| GROSS PROFIT | $82M |
| R&D Expenses | $0 |
| Selling & Marketing | $100.0K |
| General & Administrative | $33M |
| SG&A Expenses | $33M |
| Other Expenses | $27M |
| Operating Expenses | $60M |
| Cost & Expenses | $700M |
| OPERATING INCOME | $22M |
| Interest Income | $500.0K |
| Interest Expense | $12M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $29M |
| EBIT | $20M |
| EBITDA | $49M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $18M |
| OPERATING CASH FLOW | $74M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | -$400.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $51M |
| Net Change in Cash | $38M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $82M |
| Short-Term Investments | $0 |
| Net Receivables | $396M |
| Inventory | $477M |
| Other Current Assets | $35M |
| TOTAL CURRENT ASSETS | $990M |
| PP&E (Net) | $1.1B |
| Goodwill | $19M |
| Intangible Assets | $50M |
| Long-Term Investments | $19M |
| Tax Assets | $6M |
| Other Non-Current Assets | $99M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $253M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $370M |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $162M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $10M |
| Treasury Stock | -$476M |
| Accum. Other Comp. Income | $13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $652M |
| Minority Interest | $0 |
| TOTAL EQUITY | $652M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $1.1B |
| Net Debt | $997M |
