| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $239M | $316M | $268M | -24.2% | -10.6% |
| Op. Income | $20M | $90M | $46M | -78.2% | -57.9% |
| Gross Margin | 23.9% | 40.0% | 30.8% | -16.1pp | -6.9pp |
| Net Margin | 61.1% | -10.2% | 2.6% | 71.2pp | 58.5pp |
| EPS (Diluted) | $0.75 | $-0.22 | $0.02 | 440.9% | 3025.0% |
| Free Cash Flow | -$28M | $59M | $8M | -148.3% | -449.1% |
| Item | Amount |
|---|---|
| REVENUE | $239M |
| Cost of Revenue | $182M |
| GROSS PROFIT | $57M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | $3M |
| Operating Expenses | $38M |
| Cost & Expenses | $220M |
| OPERATING INCOME | $20M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | $41M |
| INCOME BEFORE TAX | $61M |
| Income Tax Expense | -$86M |
| Net Income from Continuing Ops | $146M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $146M |
| Net Income Deductions | $5M |
| BOTTOM LINE NET INCOME | $128M |
| D&A | $24M |
| EBIT | $91M |
| EBITDA | $116M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $239M |
| Cost of Revenue | $182M |
| GROSS PROFIT | $57M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | $3M |
| Operating Expenses | $38M |
| Cost & Expenses | $220M |
| OPERATING INCOME | $20M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | $41M |
| INCOME BEFORE TAX | $61M |
| Income Tax Expense | -$86M |
| Net Income from Continuing Ops | $146M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $146M |
| Net Income Deductions | $5M |
| BOTTOM LINE NET INCOME | $128M |
| D&A | $24M |
| EBIT | $91M |
| EBITDA | $116M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $146M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$87M |
| Other Non-Cash Items | -$41M |
| Change in Working Capital | -$38M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$37M |
| Acquisitions (Net) | -$28M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $229.0K |
| NET CASH FROM INVESTING | -$65M |
| Net Debt Issuance | $249M |
| Common Stock Repurchased | -$74M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $91M |
| FREE CASH FLOW | -$28M |
| Net Change in Cash | $35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $196M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $11M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $231M |
| PP&E (Net) | $1.7B |
| Goodwill | $754M |
| Intangible Assets | $91M |
| Long-Term Investments | $0 |
| Tax Assets | $74M |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $2.6B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $54M |
| Short-Term Debt | $9M |
| Deferred Revenue | $20M |
| Other Current Liabilities | $29M |
| TOTAL CURRENT LIABILITIES | $169M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $146M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $506M |
| Retained Earnings | -$220M |
| Treasury Stock | -$135M |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $300M |
| Minority Interest | $0 |
| TOTAL EQUITY | $300M |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $2.3B |
| Net Debt | $2.1B |
