| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $445M | $332M | $366M | 34.3% | 21.5% |
| Op. Income | $143M | $15M | $114M | 855.0% | 25.8% |
| Gross Margin | 67.8% | 5.3% | 70.0% | 62.5pp | -2.3pp |
| Net Margin | 25.7% | 4.1% | 26.7% | 21.7pp | -1.0pp |
| EPS (Diluted) | $1.25 | $0.15 | $1.06 | 733.3% | 17.4% |
| Free Cash Flow | $122M | $96M | -$34M | 26.8% | 458.8% |
| Item | Amount |
|---|---|
| REVENUE | $445M |
| Cost of Revenue | $144M |
| GROSS PROFIT | $302M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $153M |
| Operating Expenses | $158M |
| Cost & Expenses | $302M |
| OPERATING INCOME | $143M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $143M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $115M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $115M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $115M |
| D&A | $0 |
| EBIT | $145M |
| EBITDA | $145M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $445M |
| Cost of Revenue | $144M |
| GROSS PROFIT | $302M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $153M |
| Operating Expenses | $158M |
| Cost & Expenses | $302M |
| OPERATING INCOME | $143M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $143M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $115M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $115M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $115M |
| D&A | $0 |
| EBIT | $145M |
| EBITDA | $145M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $115M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$114M |
| Change in Working Capital | $111M |
| OPERATING CASH FLOW | $122M |
| Capital Expenditure | -$462.0K |
| Acquisitions (Net) | $27.0K |
| Purchases of Investments | -$127M |
| Sales/Maturities of Investments | $129M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$330.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$104M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$104M |
| FREE CASH FLOW | $122M |
| Net Change in Cash | $18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $36M |
| Short-Term Investments | $3.0B |
| Net Receivables | $979M |
| Inventory | $0 |
| Other Current Assets | -$4.1B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $47M |
| Goodwill | $46M |
| Intangible Assets | $8M |
| Long-Term Investments | $3.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$3.7B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $5.2B |
| Account Payables | $72M |
| Short-Term Debt | $100M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$284M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $100M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$100M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $362M |
| Retained Earnings | $1.6B |
| Treasury Stock | -$407M |
| Accum. Other Comp. Income | -$166M |
| Other Equity | $14M |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $200M |
| Net Debt | $164M |
