| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $532M | $557M | $444M | -4.5% | 19.8% |
| Op. Income | $113M | $127M | $73M | -11.0% | 55.0% |
| Gross Margin | 40.4% | 47.5% | 42.4% | -7.0pp | -1.9pp |
| Net Margin | -6.9% | 16.7% | 8.5% | -23.6pp | -15.4pp |
| EPS (Diluted) | $-0.74 | $1.77 | $0.71 | -141.8% | -204.2% |
| Free Cash Flow | $423M | -$985M | $475M | 142.9% | -11.1% |
| Item | Amount |
|---|---|
| REVENUE | $532M |
| Cost of Revenue | $317M |
| GROSS PROFIT | $215M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $41M |
| SG&A Expenses | $45M |
| Other Expenses | $57M |
| Operating Expenses | $102M |
| Cost & Expenses | $419M |
| OPERATING INCOME | $113M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$167M |
| INCOME BEFORE TAX | -$54M |
| Income Tax Expense | -$17M |
| Net Income from Continuing Ops | -$37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$37M |
| D&A | $18M |
| EBIT | $113M |
| EBITDA | $130M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$37M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $511M |
| Other Non-Cash Items | $37M |
| Change in Working Capital | -$106M |
| OPERATING CASH FLOW | $430M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | -$6M |
| Purchases of Investments | $208M |
| Sales/Maturities of Investments | -$5M |
| Other Investing Activities | -$85M |
| NET CASH FROM INVESTING | $105M |
| Net Debt Issuance | -$50M |
| Common Stock Repurchased | $84.0K |
| Common Dividends Paid | -$10M |
| Other Financing Activities | -$714M |
| NET CASH FROM FINANCING | -$774M |
| FREE CASH FLOW | $423M |
| Net Change in Cash | -$239M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $938M |
| Short-Term Investments | $10M |
| Net Receivables | $9.4B |
| Inventory | $0 |
| Other Current Assets | $151M |
| TOTAL CURRENT ASSETS | $11.3B |
| PP&E (Net) | $69M |
| Goodwill | $0 |
| Intangible Assets | $7.2B |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $254M |
| TOTAL NON-CURRENT ASSETS | $7.6B |
| TOTAL ASSETS | $18.8B |
| Account Payables | $658M |
| Short-Term Debt | $3.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $5.5B |
| Long-Term Debt | $9.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $84M |
| TOTAL NON-CURRENT LIABILITIES | $9.8B |
| TOTAL LIABILITIES | $15.3B |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $24M |
| Retained Earnings | $3.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $18.8B |
| Total Debt | $13.5B |
| Net Debt | $12.6B |
