| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $692M | $790M | $894M | -12.4% | -22.7% |
| Op. Income | $7M | $76M | $89M | -90.4% | -91.8% |
| Gross Margin | 37.3% | 35.4% | 27.6% | 1.9pp | 9.7pp |
| Net Margin | -5.9% | 1.9% | 8.6% | -7.9pp | -14.6pp |
| EPS (Diluted) | $-0.14 | $0.05 | $0.04 | -365.7% | -500.0% |
| Free Cash Flow | $126M | $234M | $229M | -45.9% | -44.7% |
| Item | Amount |
|---|---|
| REVENUE | $692M |
| Cost of Revenue | $434M |
| GROSS PROFIT | $258M |
| R&D Expenses | $0 |
| Selling & Marketing | $109M |
| General & Administrative | $86M |
| SG&A Expenses | $195M |
| Other Expenses | $56M |
| Operating Expenses | $251M |
| Cost & Expenses | $684M |
| OPERATING INCOME | $7M |
| Interest Income | $10M |
| Interest Expense | $0 |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | -$39M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$41M |
| D&A | $295M |
| EBIT | $10M |
| EBITDA | $305M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$41M |
| Depreciation & Amortization | $331M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$185M |
| OPERATING CASH FLOW | $128M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$331M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | -$318M |
| Net Debt Issuance | $333M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$66M |
| NET CASH FROM FINANCING | $268M |
| FREE CASH FLOW | $126M |
| Net Change in Cash | $79M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $277M |
| Short-Term Investments | $0 |
| Net Receivables | $981M |
| Inventory | $0 |
| Other Current Assets | $64M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $382M |
| Goodwill | $811M |
| Intangible Assets | $26M |
| Long-Term Investments | $2.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $509M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $5.1B |
| Account Payables | $247M |
| Short-Term Debt | $2.3B |
| Deferred Revenue | $171M |
| Other Current Liabilities | $764M |
| TOTAL CURRENT LIABILITIES | $3.6B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $118M |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $888M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $6.1B |
| Common Stock | $795M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $97M |
| Other Equity | -$1.1B |
| TOTAL STOCKHOLDERS' EQUITY | -$1.2B |
| Minority Interest | $126M |
| TOTAL EQUITY | -$1.0B |
| TOTAL LIABILITIES & EQUITY | $5.1B |
| Total Debt | $3.7B |
| Net Debt | $3.4B |
