| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.4B | $4.6B | $4.8B | -4.9% | -7.3% |
| Op. Income | $66M | $135M | $118M | -51.3% | -44.1% |
| Gross Margin | 17.3% | 17.5% | 18.2% | -0.2pp | -0.8pp |
| Net Margin | 0.9% | -1.8% | 1.6% | 2.7pp | -0.7pp |
| EPS (Diluted) | $0.81 | $-1.74 | $1.51 | 146.6% | -46.4% |
| Free Cash Flow | $104M | $91M | $111M | 15.0% | -6.5% |
| Item | Amount |
|---|---|
| REVENUE | $4.4B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $764M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $698M |
| Other Expenses | $0 |
| Operating Expenses | $698M |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $66M |
| Interest Income | $8M |
| Interest Expense | $20M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $58M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $22M |
| EBIT | $66M |
| EBITDA | $88M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.4B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $764M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $698M |
| Other Expenses | $0 |
| Operating Expenses | $698M |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $66M |
| Interest Income | $8M |
| Interest Expense | $20M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $58M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $22M |
| EBIT | $66M |
| EBITDA | $88M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $40M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $37M |
| OPERATING CASH FLOW | $116M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $4M |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$58M |
| FREE CASH FLOW | $104M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $605M |
| Short-Term Investments | $0 |
| Net Receivables | $4.5B |
| Inventory | $0 |
| Other Current Assets | $187M |
| TOTAL CURRENT ASSETS | $5.2B |
| PP&E (Net) | $528M |
| Goodwill | $1.6B |
| Intangible Assets | $508M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $628M |
| TOTAL NON-CURRENT ASSETS | $3.2B |
| TOTAL ASSETS | $8.5B |
| Account Payables | $2.6B |
| Short-Term Debt | $16M |
| Deferred Revenue | $33M |
| Other Current Liabilities | $46M |
| TOTAL CURRENT LIABILITIES | $4.5B |
| Long-Term Debt | $969M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $512M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $6.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.5B |
| Retained Earnings | $3.9B |
| Treasury Stock | -$4.7B |
| Accum. Other Comp. Income | -$496M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $11M |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $8.5B |
| Total Debt | $1.4B |
| Net Debt | $794M |
