| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.3B | $2.5B | -1.3% | -10.7% |
| Op. Income | $132M | $92M | $114M | 43.5% | 15.7% |
| Gross Margin | 19.5% | 18.0% | 16.8% | 1.5pp | 2.7pp |
| Net Margin | 4.1% | 2.7% | 3.1% | 1.4pp | 1.0pp |
| EPS (Diluted) | $2.42 | $1.62 | $2.13 | 49.4% | 13.6% |
| Free Cash Flow | $196M | $210M | $292M | -6.8% | -33.1% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $436M |
| R&D Expenses | $0 |
| Selling & Marketing | $82M |
| General & Administrative | $230M |
| SG&A Expenses | $312M |
| Other Expenses | -$8M |
| Operating Expenses | $304M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $132M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $91M |
| D&A | $18M |
| EBIT | $132M |
| EBITDA | $149M |
| EPS | $3 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $436M |
| R&D Expenses | $0 |
| Selling & Marketing | $82M |
| General & Administrative | $230M |
| SG&A Expenses | $312M |
| Other Expenses | -$8M |
| Operating Expenses | $304M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $132M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $91M |
| D&A | $18M |
| EBIT | $132M |
| EBITDA | $149M |
| EPS | $3 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $91M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $278M |
| Change in Working Capital | -$180M |
| OPERATING CASH FLOW | $206M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | -$399M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$409M |
| Net Debt Issuance | $265M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$46M |
| NET CASH FROM FINANCING | $219M |
| FREE CASH FLOW | $196M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $269M |
| Short-Term Investments | $0 |
| Net Receivables | $3.7B |
| Inventory | $185M |
| Other Current Assets | $189M |
| TOTAL CURRENT ASSETS | $4.3B |
| PP&E (Net) | $210M |
| Goodwill | $684M |
| Intangible Assets | $370M |
| Long-Term Investments | $545M |
| Tax Assets | $133M |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $6.3B |
| Account Payables | $2.3B |
| Short-Term Debt | $580M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$21M |
| TOTAL CURRENT LIABILITIES | $3.4B |
| Long-Term Debt | $593M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $28M |
| Other Non-Current Liabilities | $486M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $4.6B |
| Common Stock | $326.0K |
| Additional Paid-In Capital | $329M |
| Retained Earnings | $1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$42M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $6.3B |
| Total Debt | $1.3B |
| Net Debt | $995M |
