| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.5B | $1.6B | 8.7% | 3.4% |
| Op. Income | $151M | $35M | $137M | 334.5% | 10.4% |
| Gross Margin | 57.8% | 55.6% | 55.8% | 2.3pp | 2.0pp |
| Net Margin | 7.7% | 0.6% | 9.5% | 7.1pp | -1.7pp |
| EPS (Diluted) | $0.32 | $0.02 | $0.38 | 1238.9% | -15.8% |
| Free Cash Flow | $202M | -$18M | -$53M | 1237.1% | 485.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $693M |
| GROSS PROFIT | $950M |
| R&D Expenses | $0 |
| Selling & Marketing | $1.8B |
| General & Administrative | -$1.0B |
| SG&A Expenses | $778M |
| Other Expenses | $20M |
| Operating Expenses | $799M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $151M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $137M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $127M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $127M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $127M |
| D&A | $43M |
| EBIT | $147M |
| EBITDA | $190M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $693M |
| GROSS PROFIT | $950M |
| R&D Expenses | $0 |
| Selling & Marketing | $1.8B |
| General & Administrative | -$1.0B |
| SG&A Expenses | $778M |
| Other Expenses | $20M |
| Operating Expenses | $799M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $151M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $137M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $127M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $127M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $127M |
| D&A | $43M |
| EBIT | $147M |
| EBITDA | $190M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $127M |
| Depreciation & Amortization | $43M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$27M |
| Other Non-Cash Items | $39M |
| Change in Working Capital | $59M |
| OPERATING CASH FLOW | $259M |
| Capital Expenditure | -$57M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $16M |
| Other Investing Activities | -$39M |
| NET CASH FROM INVESTING | -$80M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$48M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$75M |
| FREE CASH FLOW | $202M |
| Net Change in Cash | $104M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $399M |
| Short-Term Investments | $0 |
| Net Receivables | $753M |
| Inventory | $1.3B |
| Other Current Assets | $196M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $1.7B |
| Goodwill | $304M |
| Intangible Assets | $268M |
| Long-Term Investments | $0 |
| Tax Assets | $730M |
| Other Non-Current Assets | $401M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $6.1B |
| Account Payables | $568M |
| Short-Term Debt | $13M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $250M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $297M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $687M |
| Retained Earnings | $1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$391M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $6.1B |
| Total Debt | $2.2B |
| Net Debt | $1.8B |
