| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $915M | 0.5% | 22.7% |
| Op. Income | $275M | $301M | $255M | -8.4% | 7.8% |
| Gross Margin | 55.0% | 55.3% | 57.1% | -0.3pp | -2.1pp |
| Net Margin | 20.5% | 20.8% | 21.3% | -0.3pp | -0.9pp |
| EPS (Diluted) | $1.56 | $1.58 | $1.33 | -1.3% | 17.3% |
| Free Cash Flow | $199M | $251M | $47M | -20.9% | 322.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $505M |
| GROSS PROFIT | $617M |
| R&D Expenses | $78M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $241M |
| Other Expenses | $23M |
| Operating Expenses | $342M |
| Cost & Expenses | $847M |
| OPERATING INCOME | $275M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $277M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $230M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $230M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $230M |
| D&A | $55M |
| EBIT | $286M |
| EBITDA | $341M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $505M |
| GROSS PROFIT | $617M |
| R&D Expenses | $78M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $241M |
| Other Expenses | $23M |
| Operating Expenses | $342M |
| Cost & Expenses | $847M |
| OPERATING INCOME | $275M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $277M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $230M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $230M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $230M |
| D&A | $55M |
| EBIT | $286M |
| EBITDA | $341M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $230M |
| Depreciation & Amortization | $55M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | -$63M |
| OPERATING CASH FLOW | $237M |
| Capital Expenditure | -$39M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$47M |
| Net Debt Issuance | -$145M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$65M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$189M |
| FREE CASH FLOW | $199M |
| Net Change in Cash | -$3.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $228M |
| Short-Term Investments | $0 |
| Net Receivables | $705M |
| Inventory | $998M |
| Other Current Assets | $180M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $666M |
| Goodwill | $2.8B |
| Intangible Assets | $552M |
| Long-Term Investments | $157M |
| Tax Assets | $133M |
| Other Non-Current Assets | $106M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $6.8B |
| Account Payables | $151M |
| Short-Term Debt | $10M |
| Deferred Revenue | $138M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $759M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $119M |
| Deferred Tax Liabilities | $91M |
| Other Non-Current Liabilities | $105M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $588.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $4.3B |
| Treasury Stock | -$1.6B |
| Accum. Other Comp. Income | -$273M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $6.8B |
| Total Debt | $1.6B |
| Net Debt | $1.4B |
