| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | $3.1B | $3.7B | -0.8% | -17.4% |
| Op. Income | -$123M | $252M | $91M | -148.7% | -235.4% |
| Gross Margin | 27.1% | 27.8% | 26.4% | -0.8pp | 0.7pp |
| Net Margin | -5.5% | 6.0% | 2.1% | -11.5pp | -7.6pp |
| EPS (Diluted) | $-1.97 | $2.11 | $0.86 | -193.4% | -329.1% |
| Free Cash Flow | $412M | $171M | $536M | 141.7% | -23.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $821M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $533M |
| Other Expenses | $409M |
| Operating Expenses | $944M |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | -$123M |
| Interest Income | $0 |
| Interest Expense | $49M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | -$147M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | -$167M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$167M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$167M |
| D&A | $77M |
| EBIT | $218M |
| EBITDA | $295M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$167M |
| Depreciation & Amortization | $150M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | -$60M |
| Other Non-Cash Items | $405M |
| Change in Working Capital | $225M |
| OPERATING CASH FLOW | $580M |
| Capital Expenditure | -$167M |
| Acquisitions (Net) | -$155M |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $165M |
| Other Investing Activities | -$165M |
| NET CASH FROM INVESTING | -$331M |
| Net Debt Issuance | -$390M |
| Common Stock Repurchased | $9M |
| Common Dividends Paid | -$61M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$447M |
| FREE CASH FLOW | $412M |
| Net Change in Cash | -$191M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $537M |
| Short-Term Investments | $0 |
| Net Receivables | $2.1B |
| Inventory | $475M |
| Other Current Assets | $655M |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $2.9B |
| Goodwill | $6.1B |
| Intangible Assets | $3.3B |
| Long-Term Investments | $27M |
| Tax Assets | $0 |
| Other Non-Current Assets | $537M |
| TOTAL NON-CURRENT ASSETS | $13.0B |
| TOTAL ASSETS | $16.7B |
| Account Payables | $828M |
| Short-Term Debt | $1000M |
| Deferred Revenue | $422M |
| Other Current Liabilities | $431M |
| TOTAL CURRENT LIABILITIES | $3.2B |
| Long-Term Debt | $4.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $418M |
| Other Non-Current Liabilities | $409M |
| TOTAL NON-CURRENT LIABILITIES | $5.6B |
| TOTAL LIABILITIES | $8.8B |
| Common Stock | $8M |
| Additional Paid-In Capital | $38M |
| Retained Earnings | $7.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$59M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.9B |
| Minority Interest | $16M |
| TOTAL EQUITY | $7.9B |
| TOTAL LIABILITIES & EQUITY | $16.7B |
| Total Debt | $6.0B |
| Net Debt | $5.4B |
