| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $921M | $931M | $962M | -1.0% | -4.3% |
| Op. Income | $77M | $90M | $39M | -14.7% | 96.2% |
| Gross Margin | 50.6% | 50.9% | 50.1% | -0.3pp | 0.6pp |
| Net Margin | 4.6% | 5.5% | 2.2% | -0.8pp | 2.4pp |
| EPS (Diluted) | $0.39 | $0.46 | $0.20 | -15.2% | 95.0% |
| Free Cash Flow | $90M | $32M | $75M | 184.4% | 19.1% |
| Item | Amount |
|---|---|
| REVENUE | $921M |
| Cost of Revenue | $455M |
| GROSS PROFIT | $467M |
| R&D Expenses | $0 |
| Selling & Marketing | $65M |
| General & Administrative | $322M |
| SG&A Expenses | $388M |
| Other Expenses | $2M |
| Operating Expenses | $390M |
| Cost & Expenses | $844M |
| OPERATING INCOME | $77M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $57M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $27M |
| EBIT | $76M |
| EBITDA | $102M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $921M |
| Cost of Revenue | $455M |
| GROSS PROFIT | $467M |
| R&D Expenses | $0 |
| Selling & Marketing | $65M |
| General & Administrative | $322M |
| SG&A Expenses | $388M |
| Other Expenses | $2M |
| Operating Expenses | $390M |
| Cost & Expenses | $844M |
| OPERATING INCOME | $77M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $57M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $27M |
| EBIT | $76M |
| EBITDA | $102M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $43M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $11M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | $117M |
| Capital Expenditure | -$27M |
| Acquisitions (Net) | -$9M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$36M |
| Net Debt Issuance | -$17M |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$372.0K |
| NET CASH FROM FINANCING | -$33M |
| FREE CASH FLOW | $90M |
| Net Change in Cash | $49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $123M |
| Short-Term Investments | $0 |
| Net Receivables | $76M |
| Inventory | $975M |
| Other Current Assets | $54M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $868M |
| Goodwill | $533M |
| Intangible Assets | $55M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $41M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $259M |
| Short-Term Debt | $4M |
| Deferred Revenue | $18M |
| Other Current Liabilities | $77M |
| TOTAL CURRENT LIABILITIES | $579M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $93M |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $6M |
| Retained Earnings | $625M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$123M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $509M |
| Minority Interest | $0 |
| TOTAL EQUITY | $509M |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $1.7B |
| Net Debt | $1.6B |
