| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.3B | $1.1B | -11.5% | 1.6% |
| Op. Income | -$36M | $110M | $114M | -132.7% | -131.6% |
| Gross Margin | 15.2% | 26.9% | 27.8% | -11.7pp | -12.6pp |
| Net Margin | -2.4% | 6.1% | 9.3% | -8.5pp | -11.7pp |
| EPS (Diluted) | $-0.25 | $0.65 | $0.78 | -138.5% | -132.1% |
| Free Cash Flow | $310M | $122M | $207M | 154.1% | 49.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $976M |
| GROSS PROFIT | $175M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $99M |
| SG&A Expenses | $99M |
| Other Expenses | $112M |
| Operating Expenses | $211M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | -$36M |
| Interest Income | $1.1B |
| Interest Expense | $921M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$36M |
| Income Tax Expense | -$8M |
| Net Income from Continuing Ops | -$28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$28M |
| D&A | $0 |
| EBIT | -$36M |
| EBITDA | -$36M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$28M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $220M |
| Change in Working Capital | $115M |
| OPERATING CASH FLOW | $310M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2.0B |
| NET CASH FROM INVESTING | $2.0B |
| Net Debt Issuance | -$2.3B |
| Common Stock Repurchased | -$70M |
| Common Dividends Paid | -$19M |
| Other Financing Activities | $14M |
| NET CASH FROM FINANCING | -$2.3B |
| FREE CASH FLOW | $310M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $839M |
| Short-Term Investments | $0 |
| Net Receivables | $2.3B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $62M |
| Goodwill | $670M |
| Intangible Assets | $25M |
| Long-Term Investments | $55.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.4B |
| TOTAL NON-CURRENT ASSETS | $58.2B |
| TOTAL ASSETS | $61.4B |
| Account Payables | $0 |
| Short-Term Debt | $4.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.8B |
| Long-Term Debt | $53.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $700M |
| TOTAL NON-CURRENT LIABILITIES | $53.9B |
| TOTAL LIABILITIES | $58.6B |
| Common Stock | $4M |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | $4.6B |
| Treasury Stock | -$5.3B |
| Accum. Other Comp. Income | $19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $61.4B |
| Total Debt | $57.9B |
| Net Debt | $57.1B |
