| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $509M | $476M | $498M | 7.0% | 2.2% |
| Op. Income | $111M | $97M | $105M | 13.8% | 5.8% |
| Gross Margin | 62.1% | 62.6% | 63.8% | -0.5pp | -1.7pp |
| Net Margin | 19.2% | 16.4% | 17.8% | 2.8pp | 1.3pp |
| EPS (Diluted) | $0.44 | $0.35 | $0.40 | 25.7% | 10.0% |
| Free Cash Flow | $99M | $84M | $78M | 18.5% | 27.6% |
| Item | Amount |
|---|---|
| REVENUE | $509M |
| Cost of Revenue | $193M |
| GROSS PROFIT | $316M |
| R&D Expenses | $46M |
| Selling & Marketing | $117M |
| General & Administrative | $28M |
| SG&A Expenses | $146M |
| Other Expenses | $14M |
| Operating Expenses | $205M |
| Cost & Expenses | $399M |
| OPERATING INCOME | $111M |
| Interest Income | $19M |
| Interest Expense | $12M |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $119M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $98M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $98M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $98M |
| D&A | $52M |
| EBIT | $131M |
| EBITDA | $183M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $509M |
| Cost of Revenue | $193M |
| GROSS PROFIT | $316M |
| R&D Expenses | $46M |
| Selling & Marketing | $117M |
| General & Administrative | $28M |
| SG&A Expenses | $146M |
| Other Expenses | $14M |
| Operating Expenses | $205M |
| Cost & Expenses | $399M |
| OPERATING INCOME | $111M |
| Interest Income | $19M |
| Interest Expense | $12M |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $119M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $98M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $98M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $98M |
| D&A | $52M |
| EBIT | $131M |
| EBITDA | $183M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $98M |
| Depreciation & Amortization | $52M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $25M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$41M |
| OPERATING CASH FLOW | $151M |
| Capital Expenditure | -$52M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$61M |
| Sales/Maturities of Investments | $119M |
| Other Investing Activities | -$64M |
| NET CASH FROM INVESTING | -$58M |
| Net Debt Issuance | -$37M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $99M |
| Net Change in Cash | $88M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $668M |
| Short-Term Investments | $390M |
| Net Receivables | $516M |
| Inventory | $398M |
| Other Current Assets | $131M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $765M |
| Goodwill | $2.5B |
| Intangible Assets | $527M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $200M |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $6.1B |
| Account Payables | $84M |
| Short-Term Debt | $588M |
| Deferred Revenue | $66M |
| Other Current Liabilities | $118M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $13M |
| Other Non-Current Liabilities | $120M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $3M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $2.5B |
| Treasury Stock | -$133M |
| Accum. Other Comp. Income | -$434M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $6.1B |
| Total Debt | $1.7B |
| Net Debt | $1.0B |
