| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.3B | $1.7B | -6.6% | -27.9% |
| Op. Income | $75M | $80M | $124M | -7.2% | -40.0% |
| Gross Margin | 21.0% | 21.4% | 21.2% | -0.4pp | -0.2pp |
| Net Margin | 4.8% | 4.8% | 5.6% | 0.0pp | -0.8pp |
| EPS (Diluted) | $1.62 | $1.71 | $2.60 | -5.3% | -37.7% |
| Free Cash Flow | $80M | $109M | $180M | -27.2% | -55.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $954M |
| GROSS PROFIT | $253M |
| R&D Expenses | $35M |
| Selling & Marketing | $99M |
| General & Administrative | $53M |
| SG&A Expenses | $152M |
| Other Expenses | -$8M |
| Operating Expenses | $179M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $75M |
| Interest Income | $3M |
| Interest Expense | $1M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $76M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $58M |
| D&A | $14M |
| EBIT | $74M |
| EBITDA | $87M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $954M |
| GROSS PROFIT | $253M |
| R&D Expenses | $35M |
| Selling & Marketing | $99M |
| General & Administrative | $53M |
| SG&A Expenses | $152M |
| Other Expenses | -$8M |
| Operating Expenses | $179M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $75M |
| Interest Income | $3M |
| Interest Expense | $1M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $76M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $58M |
| D&A | $14M |
| EBIT | $74M |
| EBITDA | $87M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $58M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $12.0K |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | $90M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$16M |
| Sales/Maturities of Investments | $19M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | -$38M |
| Common Dividends Paid | -$12M |
| Other Financing Activities | $1.0K |
| NET CASH FROM FINANCING | -$45M |
| FREE CASH FLOW | $80M |
| Net Change in Cash | $41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $481M |
| Short-Term Investments | $60M |
| Net Receivables | $787M |
| Inventory | $0 |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $286M |
| Goodwill | $42M |
| Intangible Assets | $0 |
| Long-Term Investments | $92M |
| Tax Assets | $0 |
| Other Non-Current Assets | $29M |
| TOTAL NON-CURRENT ASSETS | $449M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $396M |
| Short-Term Debt | $62M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $148M |
| TOTAL CURRENT LIABILITIES | $675M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $99M |
| TOTAL NON-CURRENT LIABILITIES | $143M |
| TOTAL LIABILITIES | $818M |
| Common Stock | $685.0K |
| Additional Paid-In Capital | $255M |
| Retained Earnings | $2.8B |
| Treasury Stock | -$2.0B |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $984M |
| Minority Interest | $0 |
| TOTAL EQUITY | $984M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $133M |
| Net Debt | -$348M |
