| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $892M | $932M | $1.1B | -4.3% | -17.9% |
| Op. Income | $24M | $118M | $163M | -79.7% | -85.3% |
| Gross Margin | 46.1% | 45.7% | 44.7% | 0.4pp | 1.4pp |
| Net Margin | -7.7% | 4.2% | 5.0% | -11.9pp | -12.7pp |
| EPS (Diluted) | $-1.02 | $0.58 | $0.81 | -275.9% | -225.9% |
| Free Cash Flow | $147M | $142M | $129M | 3.5% | 14.0% |
| Item | Amount |
|---|---|
| REVENUE | $892M |
| Cost of Revenue | $481M |
| GROSS PROFIT | $411M |
| R&D Expenses | $70M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $161M |
| Other Expenses | $156M |
| Operating Expenses | $387M |
| Cost & Expenses | $868M |
| OPERATING INCOME | $24M |
| Interest Income | $7M |
| Interest Expense | $90M |
| Other Income/Expenses | -$104M |
| INCOME BEFORE TAX | -$80M |
| Income Tax Expense | -$11M |
| Net Income from Continuing Ops | -$69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$69M |
| D&A | $96M |
| EBIT | $10M |
| EBITDA | $106M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$69M |
| Depreciation & Amortization | $96M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$61M |
| Other Non-Cash Items | $113M |
| Change in Working Capital | $91M |
| OPERATING CASH FLOW | $181M |
| Capital Expenditure | -$34M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | -$121M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | -$15M |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$143M |
| FREE CASH FLOW | $147M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $875M |
| Short-Term Investments | $0 |
| Net Receivables | $603M |
| Inventory | $991M |
| Other Current Assets | $227M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $1.0B |
| Goodwill | $2.6B |
| Intangible Assets | $2.6B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $240M |
| TOTAL NON-CURRENT ASSETS | $6.4B |
| TOTAL ASSETS | $9.1B |
| Account Payables | $327M |
| Short-Term Debt | $93M |
| Deferred Revenue | $77M |
| Other Current Liabilities | $264M |
| TOTAL CURRENT LIABILITIES | $848M |
| Long-Term Debt | $4.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $640M |
| Other Non-Current Liabilities | $257M |
| TOTAL NON-CURRENT LIABILITIES | $5.8B |
| TOTAL LIABILITIES | $6.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $373M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$96M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $9.1B |
| Total Debt | $5.0B |
| Net Debt | $4.1B |
