| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.7B | $1.7B | 4.0% | 3.4% |
| Op. Income | $297M | $245M | $264M | 21.3% | 12.4% |
| Gross Margin | 40.0% | 37.0% | 36.8% | 3.0pp | 3.2pp |
| Net Margin | 12.5% | 10.1% | 11.0% | 2.4pp | 1.6pp |
| EPS (Diluted) | $0.81 | $0.63 | $0.69 | 28.6% | 17.4% |
| Free Cash Flow | $501M | $197M | $306M | 153.7% | 63.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $701M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $398M |
| Other Expenses | $6M |
| Operating Expenses | $404M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $297M |
| Interest Income | $10M |
| Interest Expense | $53M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $276M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $219M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $219M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $219M |
| D&A | $49M |
| EBIT | $310M |
| EBITDA | $359M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $701M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $398M |
| Other Expenses | $6M |
| Operating Expenses | $404M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $297M |
| Interest Income | $10M |
| Interest Expense | $53M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $276M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $219M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $219M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $219M |
| D&A | $49M |
| EBIT | $310M |
| EBITDA | $359M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $219M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $17M |
| Change in Working Capital | $285M |
| OPERATING CASH FLOW | $577M |
| Capital Expenditure | -$77M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$76M |
| Net Debt Issuance | -$370M |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | -$105M |
| Other Financing Activities | $700.0K |
| NET CASH FROM FINANCING | -$483M |
| FREE CASH FLOW | $501M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $167M |
| Short-Term Investments | $0 |
| Net Receivables | $588M |
| Inventory | $1.1B |
| Other Current Assets | $73M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $1.5B |
| Goodwill | $5.3B |
| Intangible Assets | $3.5B |
| Long-Term Investments | $264M |
| Tax Assets | $0 |
| Other Non-Current Assets | $275M |
| TOTAL NON-CURRENT ASSETS | $10.9B |
| TOTAL ASSETS | $12.9B |
| Account Payables | $1.1B |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.1B |
| Long-Term Debt | $3.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $861M |
| Other Non-Current Liabilities | $299M |
| TOTAL NON-CURRENT LIABILITIES | $4.7B |
| TOTAL LIABILITIES | $7.8B |
| Common Stock | $2.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$389M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.1B |
| Minority Interest | $23M |
| TOTAL EQUITY | $5.1B |
| TOTAL LIABILITIES & EQUITY | $12.9B |
| Total Debt | $4.6B |
| Net Debt | $4.4B |
