| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $535M | $453M | $599M | 18.0% | -10.8% |
| Op. Income | $44M | $12M | $90M | 283.5% | -50.7% |
| Gross Margin | 85.5% | 85.0% | 84.9% | 0.5pp | 0.6pp |
| Net Margin | 1.7% | -7.2% | 6.0% | 9.0pp | -4.3pp |
| EPS (Diluted) | $0.24 | $-0.84 | $0.88 | 128.6% | -72.7% |
| Free Cash Flow | -$61M | -$138M | -$25M | 55.9% | -140.2% |
| Item | Amount |
|---|---|
| REVENUE | $535M |
| Cost of Revenue | $78M |
| GROSS PROFIT | $457M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $140M |
| SG&A Expenses | $140M |
| Other Expenses | $273M |
| Operating Expenses | $413M |
| Cost & Expenses | $490M |
| OPERATING INCOME | $44M |
| Interest Income | $0 |
| Interest Expense | $35M |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | -$600.0K |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $64M |
| EBIT | $44M |
| EBITDA | $106M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $535M |
| Cost of Revenue | $78M |
| GROSS PROFIT | $457M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $140M |
| SG&A Expenses | $140M |
| Other Expenses | $273M |
| Operating Expenses | $413M |
| Cost & Expenses | $490M |
| OPERATING INCOME | $44M |
| Interest Income | $0 |
| Interest Expense | $35M |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | -$600.0K |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $64M |
| EBIT | $44M |
| EBITDA | $106M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $64M |
| Stock-Based Compensation | -$5M |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | $21M |
| Change in Working Capital | $32M |
| OPERATING CASH FLOW | $109M |
| Capital Expenditure | -$170M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$170M |
| Net Debt Issuance | $143M |
| Common Stock Repurchased | -$84M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $59M |
| FREE CASH FLOW | -$61M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $29M |
| Inventory | $40M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $94M |
| PP&E (Net) | $3.0B |
| Goodwill | $743M |
| Intangible Assets | $178M |
| Long-Term Investments | $0 |
| Tax Assets | $10M |
| Other Non-Current Assets | $38M |
| TOTAL NON-CURRENT ASSETS | $3.9B |
| TOTAL ASSETS | $4.0B |
| Account Payables | $134M |
| Short-Term Debt | $7M |
| Deferred Revenue | $129M |
| Other Current Liabilities | $34M |
| TOTAL CURRENT LIABILITIES | $434M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $73M |
| Other Non-Current Liabilities | $309M |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $3.9B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $610M |
| Retained Earnings | $658M |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $146M |
| Minority Interest | $0 |
| TOTAL EQUITY | $146M |
| TOTAL LIABILITIES & EQUITY | $4.0B |
| Total Debt | $3.1B |
| Net Debt | $3.1B |
