| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $2.3B | $1.9B | -14.5% | 3.2% |
| Op. Income | $131M | $427M | $237M | -69.2% | -44.7% |
| Gross Margin | 60.6% | 65.4% | 63.4% | -4.8pp | -2.8pp |
| Net Margin | 5.2% | 14.5% | 9.8% | -9.2pp | -4.6pp |
| EPS (Diluted) | $0.42 | $1.32 | $0.69 | -68.2% | -39.1% |
| Free Cash Flow | $362M | $475M | $283M | -23.8% | 27.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $789M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.1B |
| Operating Expenses | $1.1B |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $131M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$500.0K |
| INCOME BEFORE TAX | $131M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $105M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$100.0K |
| NET INCOME | $105M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $105M |
| D&A | $0 |
| EBIT | $148M |
| EBITDA | $148M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $789M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.1B |
| Operating Expenses | $1.1B |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $131M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$500.0K |
| INCOME BEFORE TAX | $131M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $105M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$100.0K |
| NET INCOME | $105M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $105M |
| D&A | $0 |
| EBIT | $148M |
| EBITDA | $148M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $105M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $123M |
| Change in Working Capital | $134M |
| OPERATING CASH FLOW | $362M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.5B |
| Sales/Maturities of Investments | $1.5B |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$46M |
| Net Debt Issuance | -$400M |
| Common Stock Repurchased | -$174M |
| Common Dividends Paid | -$65M |
| Other Financing Activities | -$200.0K |
| NET CASH FROM FINANCING | -$639M |
| FREE CASH FLOW | $362M |
| Net Change in Cash | -$323M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $202M |
| Short-Term Investments | $2.8B |
| Net Receivables | $8.5B |
| Inventory | $0 |
| Other Current Assets | -$12.4B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $16.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$16.0B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $27.8B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$548M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $129M |
| Other Non-Current Liabilities | -$1.7B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $22.2B |
| Common Stock | $249M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $5.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$102M |
| Other Equity | -$47M |
| TOTAL STOCKHOLDERS' EQUITY | $5.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.6B |
| TOTAL LIABILITIES & EQUITY | $27.8B |
| Total Debt | $1.6B |
| Net Debt | $1.4B |
