| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $369M | $429M | $435M | -13.9% | -15.2% |
| Op. Income | $125M | $154M | $178M | -18.7% | -29.5% |
| Gross Margin | 39.6% | 40.7% | 46.2% | -1.1pp | -6.6pp |
| Net Margin | 20.0% | 21.6% | 36.3% | -1.6pp | -16.4pp |
| EPS (Diluted) | $0.80 | $1.00 | $1.71 | -20.0% | -53.2% |
| Free Cash Flow | -$100M | $125M | -$61M | -180.0% | -64.7% |
| Item | Amount |
|---|---|
| REVENUE | $369M |
| Cost of Revenue | $223M |
| GROSS PROFIT | $146M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $21M |
| Operating Expenses | $21M |
| Cost & Expenses | $244M |
| OPERATING INCOME | $125M |
| Interest Income | $0 |
| Interest Expense | $33M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | $98M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $110M |
| EBIT | $131M |
| EBITDA | $240M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $369M |
| Cost of Revenue | $223M |
| GROSS PROFIT | $146M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $21M |
| Operating Expenses | $21M |
| Cost & Expenses | $244M |
| OPERATING INCOME | $125M |
| Interest Income | $0 |
| Interest Expense | $33M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | $98M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $110M |
| EBIT | $131M |
| EBITDA | $240M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $74M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $50M |
| Other Non-Cash Items | $113M |
| Change in Working Capital | -$59M |
| OPERATING CASH FLOW | $182M |
| Capital Expenditure | -$282M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$283M |
| Net Debt Issuance | $149M |
| Common Stock Repurchased | -$13.0K |
| Common Dividends Paid | -$45M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $103M |
| FREE CASH FLOW | -$100M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $55M |
| Short-Term Investments | $0 |
| Net Receivables | $222M |
| Inventory | $81M |
| Other Current Assets | $36M |
| TOTAL CURRENT ASSETS | $414M |
| PP&E (Net) | $7.3B |
| Goodwill | $5M |
| Intangible Assets | $0 |
| Long-Term Investments | $74M |
| Tax Assets | $0 |
| Other Non-Current Assets | $487M |
| TOTAL NON-CURRENT ASSETS | $7.9B |
| TOTAL ASSETS | $8.3B |
| Account Payables | $152M |
| Short-Term Debt | $288M |
| Deferred Revenue | $50M |
| Other Current Liabilities | $149M |
| TOTAL CURRENT LIABILITIES | $806M |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.1B |
| Other Non-Current Liabilities | $1.0B |
| TOTAL NON-CURRENT LIABILITIES | $4.5B |
| TOTAL LIABILITIES | $5.3B |
| Common Stock | $92M |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$55M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $8.3B |
| Total Debt | $2.7B |
| Net Debt | $2.6B |
