| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $931M | $921M | $957M | 1.1% | -2.7% |
| Op. Income | $69M | $77M | $87M | -10.1% | -20.2% |
| Gross Margin | 50.2% | 50.6% | 50.8% | -0.5pp | -0.6pp |
| Net Margin | 4.1% | 4.6% | 5.3% | -0.5pp | -1.1pp |
| EPS (Diluted) | $0.35 | $0.39 | $0.46 | -10.3% | -23.9% |
| Free Cash Flow | $20M | $90M | $30M | -77.2% | -31.6% |
| Item | Amount |
|---|---|
| REVENUE | $931M |
| Cost of Revenue | $464M |
| GROSS PROFIT | $467M |
| R&D Expenses | $0 |
| Selling & Marketing | $392M |
| General & Administrative | $5M |
| SG&A Expenses | $397M |
| Other Expenses | $1M |
| Operating Expenses | $398M |
| Cost & Expenses | $862M |
| OPERATING INCOME | $69M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $52M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $28M |
| EBIT | $70M |
| EBITDA | $98M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $931M |
| Cost of Revenue | $464M |
| GROSS PROFIT | $467M |
| R&D Expenses | $0 |
| Selling & Marketing | $392M |
| General & Administrative | $5M |
| SG&A Expenses | $397M |
| Other Expenses | $1M |
| Operating Expenses | $398M |
| Cost & Expenses | $862M |
| OPERATING INCOME | $69M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $52M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $28M |
| EBIT | $70M |
| EBITDA | $98M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $38M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $639.0K |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $51M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | -$218.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$31M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$23M |
| FREE CASH FLOW | $20M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $121M |
| Short-Term Investments | $0 |
| Net Receivables | $78M |
| Inventory | $1.0B |
| Other Current Assets | $56M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $837M |
| Goodwill | $537M |
| Intangible Assets | $55M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $40M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $267M |
| Short-Term Debt | $4M |
| Deferred Revenue | $20M |
| Other Current Liabilities | $57M |
| TOTAL CURRENT LIABILITIES | $573M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $90M |
| Other Non-Current Liabilities | $22M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $652M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$112M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $541M |
| Minority Interest | $0 |
| TOTAL EQUITY | $541M |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $1.7B |
| Net Debt | $1.5B |
