| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.2B | $1.2B | 6.0% | 7.0% |
| Op. Income | $97M | $60M | $98M | 61.1% | -1.5% |
| Gross Margin | 21.2% | 20.3% | 21.3% | 0.9pp | -0.1pp |
| Net Margin | 4.7% | 2.6% | 5.9% | 2.1pp | -1.2pp |
| EPS (Diluted) | $0.96 | $0.50 | $1.13 | 92.0% | -15.0% |
| Free Cash Flow | $113M | -$30M | $100M | 470.9% | 12.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $993M |
| GROSS PROFIT | $267M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $170M |
| Other Expenses | $0 |
| Operating Expenses | $170M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $97M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $78M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $59M |
| D&A | $42M |
| EBIT | $99M |
| EBITDA | $140M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $993M |
| GROSS PROFIT | $267M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $170M |
| Other Expenses | $0 |
| Operating Expenses | $170M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $97M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $78M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $59M |
| D&A | $42M |
| EBIT | $99M |
| EBITDA | $140M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $59M |
| Depreciation & Amortization | $42M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$823.0K |
| Other Non-Cash Items | $601.0K |
| Change in Working Capital | $37M |
| OPERATING CASH FLOW | $145M |
| Capital Expenditure | -$32M |
| Acquisitions (Net) | $608.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$31M |
| Net Debt Issuance | -$61M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$17M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$82M |
| FREE CASH FLOW | $113M |
| Net Change in Cash | $30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $122M |
| Short-Term Investments | $0 |
| Net Receivables | $843M |
| Inventory | $0 |
| Other Current Assets | $90M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $203M |
| Goodwill | $1.8B |
| Intangible Assets | $811M |
| Long-Term Investments | $31M |
| Tax Assets | $2M |
| Other Non-Current Assets | $103M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $4.0B |
| Account Payables | $282M |
| Short-Term Debt | $137M |
| Deferred Revenue | $60M |
| Other Current Liabilities | $49M |
| TOTAL CURRENT LIABILITIES | $723M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $39M |
| Deferred Tax Liabilities | $204M |
| Other Non-Current Liabilities | $60M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $578M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$28M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $4.0B |
| Total Debt | $1.4B |
| Net Debt | $1.3B |
