| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.0B | $1.1B | 0.2% | -8.9% |
| Op. Income | $53M | $28M | $62M | 89.1% | -14.4% |
| Gross Margin | 9.4% | 9.2% | 9.5% | 0.3pp | -0.1pp |
| Net Margin | 3.9% | 1.5% | 4.5% | 2.4pp | -0.6pp |
| EPS (Diluted) | $1.44 | $0.56 | $1.78 | 157.1% | -19.1% |
| Free Cash Flow | $66M | -$11M | -$17M | 671.6% | 486.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $927M |
| GROSS PROFIT | $97M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $43M |
| Other Expenses | $0 |
| Operating Expenses | $43M |
| Cost & Expenses | $971M |
| OPERATING INCOME | $53M |
| Interest Income | $847.0K |
| Interest Expense | $8M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $18M |
| EBIT | $55M |
| EBITDA | $73M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $927M |
| GROSS PROFIT | $97M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $43M |
| Other Expenses | $0 |
| Operating Expenses | $43M |
| Cost & Expenses | $971M |
| OPERATING INCOME | $53M |
| Interest Income | $847.0K |
| Interest Expense | $8M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $18M |
| EBIT | $55M |
| EBITDA | $73M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $40M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$22M |
| Other Non-Cash Items | -$653.0K |
| Change in Working Capital | $49M |
| OPERATING CASH FLOW | $90M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $9M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$67M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$70M |
| FREE CASH FLOW | $66M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $256M |
| Short-Term Investments | $0 |
| Net Receivables | $804M |
| Inventory | $1.6B |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $561M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $63M |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $649M |
| TOTAL ASSETS | $3.3B |
| Account Payables | $647M |
| Short-Term Debt | $240M |
| Deferred Revenue | $760M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $191M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $60M |
| TOTAL NON-CURRENT LIABILITIES | $294M |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $543.0K |
| Additional Paid-In Capital | $661M |
| Retained Earnings | $1.7B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $470M |
| Net Debt | $213M |
