| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.6B | $2.7B | $2.5B | -5.2% | 5.3% |
| Op. Income | $224M | $266M | $215M | -15.9% | 3.9% |
| Gross Margin | 17.2% | 18.5% | 18.4% | -1.2pp | -1.2pp |
| Net Margin | 5.9% | 6.6% | 6.1% | -0.7pp | -0.2pp |
| EPS (Diluted) | $2.33 | $2.75 | $2.28 | -15.3% | 2.2% |
| Free Cash Flow | $703M | $272M | $382M | 158.4% | 84.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $447M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $209M |
| Other Expenses | $14M |
| Operating Expenses | $223M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $224M |
| Interest Income | $2M |
| Interest Expense | $32M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $198M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $153M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $153M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $153M |
| D&A | $54M |
| EBIT | $230M |
| EBITDA | $284M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $447M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $209M |
| Other Expenses | $14M |
| Operating Expenses | $223M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $224M |
| Interest Income | $2M |
| Interest Expense | $32M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $198M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $153M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $153M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $153M |
| D&A | $54M |
| EBIT | $230M |
| EBITDA | $284M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $153M |
| Depreciation & Amortization | $54M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$28M |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | $613M |
| OPERATING CASH FLOW | $791M |
| Capital Expenditure | -$88M |
| Acquisitions (Net) | -$500.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $9M |
| NET CASH FROM INVESTING | -$79M |
| Net Debt Issuance | -$575M |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | -$30M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$661M |
| FREE CASH FLOW | $703M |
| Net Change in Cash | $44M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $205M |
| Short-Term Investments | $0 |
| Net Receivables | $1.9B |
| Inventory | $2.3B |
| Other Current Assets | $115M |
| TOTAL CURRENT ASSETS | $4.5B |
| PP&E (Net) | $1.5B |
| Goodwill | $1.4B |
| Intangible Assets | $778M |
| Long-Term Investments | $48M |
| Tax Assets | $259M |
| Other Non-Current Assets | $927M |
| TOTAL NON-CURRENT ASSETS | $4.9B |
| TOTAL ASSETS | $9.4B |
| Account Payables | $1.1B |
| Short-Term Debt | $362M |
| Deferred Revenue | $649M |
| Other Current Liabilities | $447M |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $600M |
| Deferred Revenue NC | $1.2B |
| Deferred Tax Liabilities | $27M |
| Other Non-Current Liabilities | $503M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $5.3B |
| Common Stock | $700.0K |
| Additional Paid-In Capital | $848M |
| Retained Earnings | $4.4B |
| Treasury Stock | -$960M |
| Accum. Other Comp. Income | -$103M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.2B |
| TOTAL LIABILITIES & EQUITY | $9.4B |
| Total Debt | $962M |
| Net Debt | $757M |
