| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $643M | $667M | $683M | -3.6% | -5.7% |
| Op. Income | $101M | $132M | $110M | -23.5% | -7.5% |
| Gross Margin | 27.5% | 30.2% | 26.3% | -2.7pp | 1.2pp |
| Net Margin | 12.5% | 16.7% | 13.3% | -4.2pp | -0.8pp |
| EPS (Diluted) | $8.38 | $11.60 | $9.23 | -27.8% | -9.2% |
| Free Cash Flow | $158M | $134M | $77M | 18.0% | 105.6% |
| Item | Amount |
|---|---|
| REVENUE | $643M |
| Cost of Revenue | $466M |
| GROSS PROFIT | $177M |
| R&D Expenses | $39M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | $0 |
| Operating Expenses | $76M |
| Cost & Expenses | $542M |
| OPERATING INCOME | $101M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $105M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80M |
| Net Income Deductions | $284.0K |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $20M |
| EBIT | $112M |
| EBITDA | $132M |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| REVENUE | $643M |
| Cost of Revenue | $466M |
| GROSS PROFIT | $177M |
| R&D Expenses | $39M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | $0 |
| Operating Expenses | $76M |
| Cost & Expenses | $542M |
| OPERATING INCOME | $101M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $105M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80M |
| Net Income Deductions | $284.0K |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $20M |
| EBIT | $112M |
| EBITDA | $132M |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| Net Income | $80M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $62M |
| OPERATING CASH FLOW | $172M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | -$136M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$22M |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | -$152M |
| FREE CASH FLOW | $158M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $112M |
| Short-Term Investments | $0 |
| Net Receivables | $432M |
| Inventory | $456M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $760M |
| Goodwill | $124M |
| Intangible Assets | $901.0K |
| Long-Term Investments | $3M |
| Tax Assets | $3M |
| Other Non-Current Assets | $379M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $231M |
| Short-Term Debt | $18M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $364M |
| Long-Term Debt | $644M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $59M |
| Other Non-Current Liabilities | $90M |
| TOTAL NON-CURRENT LIABILITIES | $868M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $751M |
| Net Debt | $639M |
