| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.2B | $1.2B | -11.6% | -12.3% |
| Op. Income | $124M | $202M | $214M | -38.5% | -42.2% |
| Gross Margin | 16.7% | 21.1% | 20.1% | -4.4pp | -3.4pp |
| Net Margin | 8.6% | 12.2% | 12.5% | -3.6pp | -3.9pp |
| EPS (Diluted) | $0.54 | $0.85 | $0.82 | -36.5% | -34.1% |
| Free Cash Flow | $157M | $103M | $105M | 52.8% | 48.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $896M |
| GROSS PROFIT | $179M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $55M |
| Other Expenses | $0 |
| Operating Expenses | $55M |
| Cost & Expenses | $951M |
| OPERATING INCOME | $124M |
| Interest Income | $733.0K |
| Interest Expense | $7M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $119M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $92M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $92M |
| Net Income Deductions | -$2.0K |
| BOTTOM LINE NET INCOME | $92M |
| D&A | $118M |
| EBIT | $126M |
| EBITDA | $245M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $896M |
| GROSS PROFIT | $179M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $55M |
| Other Expenses | $0 |
| Operating Expenses | $55M |
| Cost & Expenses | $951M |
| OPERATING INCOME | $124M |
| Interest Income | $733.0K |
| Interest Expense | $7M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $119M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $92M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $92M |
| Net Income Deductions | -$2.0K |
| BOTTOM LINE NET INCOME | $92M |
| D&A | $118M |
| EBIT | $126M |
| EBITDA | $245M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $92M |
| Depreciation & Amortization | $118M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $120M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$48M |
| OPERATING CASH FLOW | $295M |
| Capital Expenditure | -$138M |
| Acquisitions (Net) | -$20M |
| Purchases of Investments | $10M |
| Sales/Maturities of Investments | -$10M |
| Other Investing Activities | $14M |
| NET CASH FROM INVESTING | -$144M |
| Net Debt Issuance | -$90M |
| Common Stock Repurchased | -$39M |
| Common Dividends Paid | -$12M |
| Other Financing Activities | -$314.0K |
| NET CASH FROM FINANCING | -$141M |
| FREE CASH FLOW | $157M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $37M |
| Short-Term Investments | $0 |
| Net Receivables | $587M |
| Inventory | $206M |
| Other Current Assets | $124M |
| TOTAL CURRENT ASSETS | $954M |
| PP&E (Net) | $1.9B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $32M |
| Tax Assets | $0 |
| Other Non-Current Assets | $127M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $3.0B |
| Account Payables | $294M |
| Short-Term Debt | $67M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $166M |
| TOTAL CURRENT LIABILITIES | $639M |
| Long-Term Debt | $140M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $102M |
| Other Non-Current Liabilities | $112M |
| TOTAL NON-CURRENT LIABILITIES | $553M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $752M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $405M |
| Net Debt | $369M |
