| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.1B | $5.8B | $5.4B | -12.6% | -5.5% |
| Op. Income | $217M | $247M | $174M | -12.2% | 25.2% |
| Gross Margin | 11.7% | 95.4% | 10.4% | -83.7pp | 1.3pp |
| Net Margin | 3.0% | 2.9% | 2.2% | 0.1pp | 0.8pp |
| EPS (Diluted) | $7.00 | $7.69 | $5.21 | -9.0% | 34.4% |
| Free Cash Flow | $162M | $111M | $141M | 46.6% | 15.0% |
| Item | Amount |
|---|---|
| REVENUE | $5.1B |
| Cost of Revenue | $4.5B |
| GROSS PROFIT | $592M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $62M |
| Other Expenses | $312M |
| Operating Expenses | $374M |
| Cost & Expenses | $4.9B |
| OPERATING INCOME | $217M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $196M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $150M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $150M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $150M |
| D&A | $58M |
| EBIT | $220M |
| EBITDA | $278M |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| REVENUE | $5.1B |
| Cost of Revenue | $4.5B |
| GROSS PROFIT | $592M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $62M |
| Other Expenses | $312M |
| Operating Expenses | $374M |
| Cost & Expenses | $4.9B |
| OPERATING INCOME | $217M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $196M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $150M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $150M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $150M |
| D&A | $58M |
| EBIT | $220M |
| EBITDA | $278M |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| Net Income | $150M |
| Depreciation & Amortization | $58M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$200.0K |
| Change in Working Capital | $64M |
| OPERATING CASH FLOW | $273M |
| Capital Expenditure | -$111M |
| Acquisitions (Net) | $100.0K |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | -$200.0K |
| NET CASH FROM INVESTING | -$107M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$161M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | -$500.0K |
| NET CASH FROM FINANCING | -$174M |
| FREE CASH FLOW | $162M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $118M |
| Short-Term Investments | $7M |
| Net Receivables | $337M |
| Inventory | $341M |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $827M |
| PP&E (Net) | $3.0B |
| Goodwill | $328M |
| Intangible Assets | $140M |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $4.3B |
| Account Payables | $505M |
| Short-Term Debt | $15M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $50M |
| TOTAL CURRENT LIABILITIES | $873M |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $330M |
| Other Non-Current Liabilities | $74M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $508M |
| Retained Earnings | $3.3B |
| Treasury Stock | -$3.0B |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $829M |
| Minority Interest | $0 |
| TOTAL EQUITY | $829M |
| TOTAL LIABILITIES & EQUITY | $4.3B |
| Total Debt | $2.3B |
| Net Debt | $2.2B |
