| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $655M | $635M | $536M | 3.1% | 22.1% |
| Op. Income | $47M | $58M | $42M | -18.1% | 12.5% |
| Gross Margin | 16.1% | 18.1% | 16.8% | -1.9pp | -0.7pp |
| Net Margin | 6.8% | 4.7% | 4.3% | 2.1pp | 2.5pp |
| EPS (Diluted) | $0.44 | $0.29 | $0.23 | 51.7% | 91.3% |
| Free Cash Flow | $118M | $38M | $129M | 210.7% | -8.7% |
| Item | Amount |
|---|---|
| REVENUE | $655M |
| Cost of Revenue | $549M |
| GROSS PROFIT | $106M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $58M |
| Other Expenses | $0 |
| Operating Expenses | $58M |
| Cost & Expenses | $607M |
| OPERATING INCOME | $47M |
| Interest Income | $3M |
| Interest Expense | $8M |
| Other Income/Expenses | -$831.0K |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $25M |
| EBIT | $47M |
| EBITDA | $73M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $655M |
| Cost of Revenue | $549M |
| GROSS PROFIT | $106M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $58M |
| Other Expenses | $0 |
| Operating Expenses | $58M |
| Cost & Expenses | $607M |
| OPERATING INCOME | $47M |
| Interest Income | $3M |
| Interest Expense | $8M |
| Other Income/Expenses | -$831.0K |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $25M |
| EBIT | $47M |
| EBITDA | $73M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $45M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$26M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $104M |
| OPERATING CASH FLOW | $152M |
| Capital Expenditure | -$34M |
| Acquisitions (Net) | $8M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | -$221M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $168.0K |
| NET CASH FROM FINANCING | -$221M |
| FREE CASH FLOW | $118M |
| Net Change in Cash | -$95M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $462M |
| Short-Term Investments | $0 |
| Net Receivables | $566M |
| Inventory | $210M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $762M |
| Goodwill | $34M |
| Intangible Assets | $21M |
| Long-Term Investments | $30M |
| Tax Assets | $26M |
| Other Non-Current Assets | $60M |
| TOTAL NON-CURRENT ASSETS | $933M |
| TOTAL ASSETS | $2.2B |
| Account Payables | $156M |
| Short-Term Debt | $0 |
| Deferred Revenue | $165M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $732M |
| Long-Term Debt | $477M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $101M |
| TOTAL NON-CURRENT LIABILITIES | $872M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $28M |
| Additional Paid-In Capital | $132M |
| Retained Earnings | $1.4B |
| Treasury Stock | -$574M |
| Accum. Other Comp. Income | -$382M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $628M |
| Minority Interest | $6M |
| TOTAL EQUITY | $634M |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $849M |
| Net Debt | $387M |
