| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.3B | $1.2B | 35.2% | 47.0% |
| Op. Income | $187M | $266M | $136M | -29.8% | 37.5% |
| Gross Margin | 22.4% | 31.7% | 22.0% | -9.3pp | 0.3pp |
| Net Margin | 29.4% | 14.0% | 2.8% | 15.5pp | 26.7pp |
| EPS (Diluted) | $3.40 | $1.21 | $0.22 | 181.0% | 1445.5% |
| Free Cash Flow | $202M | -$149M | $172M | 235.2% | 17.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $379M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $192M |
| Other Expenses | $0 |
| Operating Expenses | $192M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $187M |
| Interest Income | $0 |
| Interest Expense | $33M |
| Other Income/Expenses | $384M |
| INCOME BEFORE TAX | $571M |
| Income Tax Expense | $72M |
| Net Income from Continuing Ops | $499M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $499M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $499M |
| D&A | $70M |
| EBIT | $187M |
| EBITDA | $257M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $379M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $192M |
| Other Expenses | $0 |
| Operating Expenses | $192M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $187M |
| Interest Income | $0 |
| Interest Expense | $33M |
| Other Income/Expenses | $384M |
| INCOME BEFORE TAX | $571M |
| Income Tax Expense | $72M |
| Net Income from Continuing Ops | $499M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $499M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $499M |
| D&A | $70M |
| EBIT | $187M |
| EBITDA | $257M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $499M |
| Depreciation & Amortization | $70M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $26M |
| Other Non-Cash Items | -$372M |
| Change in Working Capital | $193M |
| OPERATING CASH FLOW | $427M |
| Capital Expenditure | -$225M |
| Acquisitions (Net) | -$568M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | -$805M |
| Net Debt Issuance | $52M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | -$40M |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $10M |
| FREE CASH FLOW | $202M |
| Net Change in Cash | -$370M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $305M |
| Short-Term Investments | $0 |
| Net Receivables | $724M |
| Inventory | $932M |
| Other Current Assets | $166M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $3.0B |
| Goodwill | $1.0B |
| Intangible Assets | $110M |
| Long-Term Investments | $44M |
| Tax Assets | $0 |
| Other Non-Current Assets | $244M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $6.5B |
| Account Payables | $637M |
| Short-Term Debt | $214M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $241M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $252M |
| Other Non-Current Liabilities | $248M |
| TOTAL NON-CURRENT LIABILITIES | $3.7B |
| TOTAL LIABILITIES | $5.1B |
| Common Stock | $150M |
| Additional Paid-In Capital | -$559M |
| Retained Earnings | $2.2B |
| Treasury Stock | -$314M |
| Accum. Other Comp. Income | -$27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $6.5B |
| Total Debt | $3.5B |
| Net Debt | $3.2B |
