| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $618M | $624M | $575M | -1.0% | 7.4% |
| Op. Income | $49M | $59M | $75M | -17.1% | -35.3% |
| Gross Margin | 24.4% | 25.0% | 25.2% | -0.6pp | -0.8pp |
| Net Margin | 2.4% | 2.6% | 6.2% | -0.2pp | -3.8pp |
| EPS (Diluted) | $0.13 | $0.14 | $0.31 | -7.6% | -58.3% |
| Free Cash Flow | -$43M | $38M | -$41M | -213.3% | -5.8% |
| Item | Amount |
|---|---|
| REVENUE | $618M |
| Cost of Revenue | $467M |
| GROSS PROFIT | $151M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $67M |
| SG&A Expenses | $67M |
| Other Expenses | $35M |
| Operating Expenses | $102M |
| Cost & Expenses | $569M |
| OPERATING INCOME | $49M |
| Interest Income | $2M |
| Interest Expense | $39M |
| Other Income/Expenses | -$37M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $28M |
| EBIT | $50M |
| EBITDA | $79M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $618M |
| Cost of Revenue | $467M |
| GROSS PROFIT | $151M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $67M |
| SG&A Expenses | $67M |
| Other Expenses | $35M |
| Operating Expenses | $102M |
| Cost & Expenses | $569M |
| OPERATING INCOME | $49M |
| Interest Income | $2M |
| Interest Expense | $39M |
| Other Income/Expenses | -$37M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $28M |
| EBIT | $50M |
| EBITDA | $79M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | -$1M |
| Deferred Income Tax | -$15M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$42M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$39M |
| Acquisitions (Net) | -$7M |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $135.0K |
| Other Investing Activities | $26M |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | -$43M |
| Net Change in Cash | -$32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $156M |
| Short-Term Investments | $0 |
| Net Receivables | $95M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $283M |
| PP&E (Net) | $1.8B |
| Goodwill | $1.1B |
| Intangible Assets | $439M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $67M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $3.7B |
| Account Payables | $51M |
| Short-Term Debt | $14M |
| Deferred Revenue | $44M |
| Other Current Liabilities | $151M |
| TOTAL CURRENT LIABILITIES | $427M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $61M |
| Other Non-Current Liabilities | $115M |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $3.1B |
| Common Stock | $904.0K |
| Additional Paid-In Capital | $383M |
| Retained Earnings | $123M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$313.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $507M |
| Minority Interest | $0 |
| TOTAL EQUITY | $507M |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $2.7B |
| Net Debt | $2.5B |
