| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $547M | $542M | $508M | 0.8% | 7.6% |
| Op. Income | $121M | $110M | $146M | 10.2% | -17.0% |
| Gross Margin | 78.8% | 78.6% | 81.2% | 0.2pp | -2.4pp |
| Net Margin | 8.3% | 11.3% | 21.0% | -3.0pp | -12.7pp |
| EPS (Diluted) | $0.38 | $0.51 | $0.90 | -25.5% | -57.8% |
| Free Cash Flow | $43M | $164M | $28M | -73.7% | 54.3% |
| Item | Amount |
|---|---|
| REVENUE | $547M |
| Cost of Revenue | $116M |
| GROSS PROFIT | $431M |
| R&D Expenses | $102M |
| Selling & Marketing | $137M |
| General & Administrative | $60M |
| SG&A Expenses | $197M |
| Other Expenses | $11M |
| Operating Expenses | $310M |
| Cost & Expenses | $425M |
| OPERATING INCOME | $121M |
| Interest Income | $2M |
| Interest Expense | $36M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $89M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $36M |
| EBIT | $124M |
| EBITDA | $160M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $547M |
| Cost of Revenue | $116M |
| GROSS PROFIT | $431M |
| R&D Expenses | $102M |
| Selling & Marketing | $137M |
| General & Administrative | $60M |
| SG&A Expenses | $197M |
| Other Expenses | $11M |
| Operating Expenses | $310M |
| Cost & Expenses | $425M |
| OPERATING INCOME | $121M |
| Interest Income | $2M |
| Interest Expense | $36M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $89M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $36M |
| EBIT | $124M |
| EBITDA | $160M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $46M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $59M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $16M |
| Change in Working Capital | -$106M |
| OPERATING CASH FLOW | $50M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $7M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$800.0K |
| NET CASH FROM INVESTING | $23.0K |
| Net Debt Issuance | -$43M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$39M |
| FREE CASH FLOW | $43M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $288M |
| Short-Term Investments | $0 |
| Net Receivables | $811M |
| Inventory | $0 |
| Other Current Assets | $82M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $231M |
| Goodwill | $3.4B |
| Intangible Assets | $941M |
| Long-Term Investments | $0 |
| Tax Assets | $123M |
| Other Non-Current Assets | $357M |
| TOTAL NON-CURRENT ASSETS | $5.0B |
| TOTAL ASSETS | $6.3B |
| Account Payables | $43M |
| Short-Term Debt | $9M |
| Deferred Revenue | $665M |
| Other Current Liabilities | $780M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $30M |
| Other Non-Current Liabilities | $40M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $3.6B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $973M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$118M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $6.3B |
| Total Debt | $1.9B |
| Net Debt | $1.6B |
