| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $439M | $470M | $445M | -6.6% | -1.4% |
| Op. Income | $47M | $117M | $143M | -59.4% | -66.9% |
| Gross Margin | 14.6% | 25.8% | 67.8% | -11.2pp | -53.1pp |
| Net Margin | 9.3% | 20.2% | 25.7% | -10.9pp | -16.4pp |
| EPS (Diluted) | $0.44 | $1.03 | $1.25 | -57.3% | -64.8% |
| Free Cash Flow | $128M | $219M | $122M | -41.8% | 4.9% |
| Item | Amount |
|---|---|
| REVENUE | $439M |
| Cost of Revenue | $375M |
| GROSS PROFIT | $64M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $14M |
| Operating Expenses | $17M |
| Cost & Expenses | $392M |
| OPERATING INCOME | $47M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $41M |
| D&A | $0 |
| EBIT | $49M |
| EBITDA | $49M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $439M |
| Cost of Revenue | $375M |
| GROSS PROFIT | $64M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $14M |
| Operating Expenses | $17M |
| Cost & Expenses | $392M |
| OPERATING INCOME | $47M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $41M |
| D&A | $0 |
| EBIT | $49M |
| EBITDA | $49M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $41M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$110M |
| Change in Working Capital | $188M |
| OPERATING CASH FLOW | $128M |
| Capital Expenditure | -$523.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$174M |
| Sales/Maturities of Investments | $233M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | $53M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$197M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$202M |
| FREE CASH FLOW | $128M |
| Net Change in Cash | -$21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $75M |
| Net Receivables | $231M |
| Inventory | $0 |
| Other Current Assets | -$231M |
| TOTAL CURRENT ASSETS | $115M |
| PP&E (Net) | $43M |
| Goodwill | $46M |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $97M |
| TOTAL ASSETS | $5.6B |
| Account Payables | $45M |
| Short-Term Debt | $100M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$124M |
| TOTAL CURRENT LIABILITIES | $145M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.0B |
| TOTAL NON-CURRENT LIABILITIES | $4.0B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.7B |
| Treasury Stock | -$406M |
| Accum. Other Comp. Income | -$174M |
| Other Equity | $381M |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $5.6B |
| Total Debt | $100M |
| Net Debt | $60M |
