| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $498M | $492M | $394M | 1.2% | 26.5% |
| Op. Income | $87M | $85M | $76M | 2.8% | 14.2% |
| Gross Margin | 27.4% | 27.0% | 29.4% | 0.4pp | -1.9pp |
| Net Margin | 15.7% | 14.3% | 17.4% | 1.4pp | -1.7pp |
| EPS (Diluted) | $2.46 | $2.22 | $2.11 | 10.8% | 16.6% |
| Free Cash Flow | $146M | $106M | $127M | 38.5% | 14.9% |
| Item | Amount |
|---|---|
| REVENUE | $498M |
| Cost of Revenue | $362M |
| GROSS PROFIT | $137M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $43M |
| Other Expenses | $7M |
| Operating Expenses | $49M |
| Cost & Expenses | $411M |
| OPERATING INCOME | $87M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $91M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $78M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $78M |
| Net Income Deductions | $53.0K |
| BOTTOM LINE NET INCOME | $78M |
| D&A | $7M |
| EBIT | $90M |
| EBITDA | $96M |
| EPS | $3 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $498M |
| Cost of Revenue | $362M |
| GROSS PROFIT | $137M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $43M |
| Other Expenses | $7M |
| Operating Expenses | $49M |
| Cost & Expenses | $411M |
| OPERATING INCOME | $87M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $91M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $78M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $78M |
| Net Income Deductions | $53.0K |
| BOTTOM LINE NET INCOME | $78M |
| D&A | $7M |
| EBIT | $90M |
| EBITDA | $96M |
| EPS | $3 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $78M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $73M |
| OPERATING CASH FLOW | $156M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $146M |
| Net Change in Cash | $150M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $245M |
| Short-Term Investments | $0 |
| Net Receivables | $298M |
| Inventory | $0 |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $594M |
| PP&E (Net) | $265M |
| Goodwill | $662M |
| Intangible Assets | $36M |
| Long-Term Investments | $0 |
| Tax Assets | $74M |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $32M |
| Short-Term Debt | $0 |
| Deferred Revenue | $560M |
| Other Current Liabilities | $116M |
| TOTAL CURRENT LIABILITIES | $925M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $28M |
| TOTAL NON-CURRENT LIABILITIES | $173M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $308.0K |
| Additional Paid-In Capital | $803M |
| Retained Earnings | -$222M |
| Treasury Stock | -$12M |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $559M |
| Minority Interest | $0 |
| TOTAL EQUITY | $559M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $142M |
| Net Debt | -$103M |
