| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $483M | $470M | $455M | 2.8% | 6.2% |
| Op. Income | $54M | $72M | $46M | -25.3% | 17.0% |
| Gross Margin | 35.6% | 37.3% | 36.8% | -1.7pp | -1.2pp |
| Net Margin | 9.0% | 11.8% | 6.2% | -2.8pp | 2.8pp |
| EPS (Diluted) | $1.01 | $1.30 | $0.66 | -22.3% | 53.0% |
| Free Cash Flow | $79M | $70M | $106M | 13.6% | -25.0% |
| Item | Amount |
|---|---|
| REVENUE | $483M |
| Cost of Revenue | $311M |
| GROSS PROFIT | $172M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $118M |
| Other Expenses | $0 |
| Operating Expenses | $118M |
| Cost & Expenses | $430M |
| OPERATING INCOME | $54M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $58M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $30M |
| EBIT | $60M |
| EBITDA | $90M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $483M |
| Cost of Revenue | $311M |
| GROSS PROFIT | $172M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $118M |
| Other Expenses | $0 |
| Operating Expenses | $118M |
| Cost & Expenses | $430M |
| OPERATING INCOME | $54M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $58M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $30M |
| EBIT | $60M |
| EBITDA | $90M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $43M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$13M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $25M |
| OPERATING CASH FLOW | $97M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | -$275.0K |
| Purchases of Investments | -$55M |
| Sales/Maturities of Investments | $26M |
| Other Investing Activities | -$17M |
| NET CASH FROM INVESTING | -$47M |
| Net Debt Issuance | -$12M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$605.0K |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $79M |
| Net Change in Cash | $37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $411M |
| Short-Term Investments | $112M |
| Net Receivables | $464M |
| Inventory | $37M |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $122M |
| Goodwill | $247M |
| Intangible Assets | $209M |
| Long-Term Investments | $0 |
| Tax Assets | $9M |
| Other Non-Current Assets | $109M |
| TOTAL NON-CURRENT ASSETS | $695M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $49M |
| Short-Term Debt | $0 |
| Deferred Revenue | $76M |
| Other Current Liabilities | $57M |
| TOTAL CURRENT LIABILITIES | $309M |
| Long-Term Debt | $413M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $504M |
| TOTAL LIABILITIES | $813M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $695M |
| Retained Earnings | $354M |
| Treasury Stock | -$102M |
| Accum. Other Comp. Income | -$35.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $947M |
| Minority Interest | $0 |
| TOTAL EQUITY | $947M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $544M |
| Net Debt | $133M |
