| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $743M | $744M | $867M | -0.2% | -14.3% |
| Op. Income | $40M | $26M | $87M | 52.5% | -53.6% |
| Gross Margin | 51.3% | 49.7% | 51.8% | 1.7pp | -0.5pp |
| Net Margin | 0.9% | -1.7% | 3.5% | 2.6pp | -2.6pp |
| EPS (Diluted) | $0.10 | $-0.19 | $0.45 | 152.6% | -77.8% |
| Free Cash Flow | $32M | -$2M | $108M | 1773.7% | -70.5% |
| Item | Amount |
|---|---|
| REVENUE | $743M |
| Cost of Revenue | $361M |
| GROSS PROFIT | $381M |
| R&D Expenses | $59M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $188M |
| Other Expenses | $94M |
| Operating Expenses | $341M |
| Cost & Expenses | $703M |
| OPERATING INCOME | $40M |
| Interest Income | $600.0K |
| Interest Expense | $46M |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | -$16M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $115M |
| EBIT | $37M |
| EBITDA | $152M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $115M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$16M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$45M |
| OPERATING CASH FLOW | $80M |
| Capital Expenditure | -$49M |
| Acquisitions (Net) | -$86M |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | $79M |
| NET CASH FROM INVESTING | -$55M |
| Net Debt Issuance | -$54M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $13M |
| NET CASH FROM FINANCING | -$58M |
| FREE CASH FLOW | $32M |
| Net Change in Cash | -$30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $119M |
| Short-Term Investments | $48M |
| Net Receivables | $488M |
| Inventory | $578M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $1.6B |
| Goodwill | $2.5B |
| Intangible Assets | $2.9B |
| Long-Term Investments | $7M |
| Tax Assets | $26M |
| Other Non-Current Assets | $180M |
| TOTAL NON-CURRENT ASSETS | $7.3B |
| TOTAL ASSETS | $8.6B |
| Account Payables | $295M |
| Short-Term Debt | $140M |
| Deferred Revenue | $37M |
| Other Current Liabilities | $128M |
| TOTAL CURRENT LIABILITIES | $834M |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $192M |
| Other Non-Current Liabilities | $84M |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $3.6B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | $2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$30M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $8.6B |
| Total Debt | $2.6B |
| Net Debt | $2.5B |
