| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.5B | $4.4B | $4.1B | 3.9% | 9.7% |
| Op. Income | $184M | $206M | -$78M | -10.7% | 337.7% |
| Gross Margin | 7.1% | 7.9% | 2.3% | -0.8pp | 4.8pp |
| Net Margin | 3.0% | 2.8% | -3.8% | 0.2pp | 6.7pp |
| EPS (Diluted) | $0.57 | $0.51 | $-0.66 | 11.8% | 186.4% |
| Free Cash Flow | $167M | $165M | -$265M | 1.4% | 162.9% |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $4.2B |
| GROSS PROFIT | $321M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $131M |
| Other Expenses | $6M |
| Operating Expenses | $137M |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $184M |
| Interest Income | $12M |
| Interest Expense | $67M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | $157M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $134M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $135M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $135M |
| D&A | $112M |
| EBIT | $223M |
| EBITDA | $336M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $4.2B |
| GROSS PROFIT | $321M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $131M |
| Other Expenses | $6M |
| Operating Expenses | $137M |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $184M |
| Interest Income | $12M |
| Interest Expense | $67M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | $157M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $134M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $135M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $135M |
| D&A | $112M |
| EBIT | $223M |
| EBITDA | $336M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $134M |
| Depreciation & Amortization | $112M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $53M |
| Other Non-Cash Items | $25M |
| Change in Working Capital | -$49M |
| OPERATING CASH FLOW | $278M |
| Capital Expenditure | -$111M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$109M |
| Net Debt Issuance | -$384M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$384M |
| FREE CASH FLOW | $167M |
| Net Change in Cash | -$208M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $698M |
| Short-Term Investments | $0 |
| Net Receivables | $1.3B |
| Inventory | $2.0B |
| Other Current Assets | $229M |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $3.4B |
| Goodwill | $1.3B |
| Intangible Assets | $854M |
| Long-Term Investments | $0 |
| Tax Assets | $5M |
| Other Non-Current Assets | $36M |
| TOTAL NON-CURRENT ASSETS | $5.6B |
| TOTAL ASSETS | $9.8B |
| Account Payables | $1.3B |
| Short-Term Debt | $674.0K |
| Deferred Revenue | $85M |
| Other Current Liabilities | $416M |
| TOTAL CURRENT LIABILITIES | $2.5B |
| Long-Term Debt | $3.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $386M |
| Other Non-Current Liabilities | $40M |
| TOTAL NON-CURRENT LIABILITIES | $4.0B |
| TOTAL LIABILITIES | $6.5B |
| Common Stock | $3M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $2.1B |
| Treasury Stock | -$545M |
| Accum. Other Comp. Income | -$176M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $13M |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $9.8B |
| Total Debt | $3.6B |
| Net Debt | $2.9B |
