| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.5B | $2.2B | -1.7% | 11.9% |
| Op. Income | $215M | $257M | $166M | -16.0% | 29.5% |
| Gross Margin | 18.4% | 18.7% | 15.2% | -0.2pp | 3.2pp |
| Net Margin | 6.1% | 7.3% | 4.1% | -1.2pp | 2.0pp |
| EPS (Diluted) | $2.28 | $2.79 | $1.14 | -18.3% | 100.0% |
| Free Cash Flow | $382M | $68M | $349M | 458.9% | 9.5% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $454M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $224M |
| Other Expenses | $15M |
| Operating Expenses | $239M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $215M |
| Interest Income | $2M |
| Interest Expense | $22M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $195M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $151M |
| Net Income from Discontinued Ops | $0 |
| NET INCOME | $151M |
| BOTTOM LINE NET INCOME | $151M |
| D&A | $55M |
| EBIT | $218M |
| EBITDA | $273M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $454M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $224M |
| Other Expenses | $15M |
| Operating Expenses | $239M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $215M |
| Interest Income | $2M |
| Interest Expense | $22M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $195M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $151M |
| Net Income from Discontinued Ops | $0 |
| NET INCOME | $151M |
| BOTTOM LINE NET INCOME | $151M |
| D&A | $55M |
| EBIT | $218M |
| EBITDA | $273M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $151M |
| Depreciation & Amortization | $55M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$99M |
| Other Non-Cash Items | $200.0K |
| Change in Working Capital | $366M |
| OPERATING CASH FLOW | $480M |
| Capital Expenditure | -$97M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$95M |
| Net Debt Issuance | -$330M |
| Common Stock Repurchased | $100.0K |
| Common Dividends Paid | -$27M |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$368M |
| FREE CASH FLOW | $382M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $125M |
| Short-Term Investments | $0 |
| Net Receivables | $2.1B |
| Inventory | $2.1B |
| Other Current Assets | $94M |
| TOTAL CURRENT ASSETS | $4.5B |
| PP&E (Net) | $1.3B |
| Goodwill | $1.4B |
| Intangible Assets | $830M |
| Long-Term Investments | $56M |
| Tax Assets | $262M |
| Other Non-Current Assets | $750M |
| TOTAL NON-CURRENT ASSETS | $4.6B |
| TOTAL ASSETS | $9.1B |
| Account Payables | $1.2B |
| Short-Term Debt | $175M |
| Deferred Revenue | $707M |
| Other Current Liabilities | $443M |
| TOTAL CURRENT LIABILITIES | $3.1B |
| Long-Term Debt | $598M |
| Deferred Revenue NC | $1.2B |
| Deferred Tax Liabilities | $27M |
| Other Non-Current Liabilities | $519M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $5.4B |
| Common Stock | $700.0K |
| Additional Paid-In Capital | $823M |
| Retained Earnings | $3.8B |
| Treasury Stock | -$852M |
| Accum. Other Comp. Income | -$72M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $9.1B |
| Total Debt | $773M |
| Net Debt | $647M |
