| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $1.3B | $1.6B | 70.3% | 33.6% |
| Op. Income | $227M | $99M | $165M | 128.9% | 37.3% |
| Gross Margin | 17.0% | 17.6% | 17.6% | -0.6pp | -0.6pp |
| Net Margin | 8.9% | 6.7% | 8.6% | 2.2pp | 0.2pp |
| EPS (Diluted) | $0.34 | $0.15 | $0.26 | 126.7% | 30.8% |
| Free Cash Flow | -$18M | $190M | -$36M | -109.2% | 51.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $372M |
| R&D Expenses | $85M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $60M |
| Other Expenses | $0 |
| Operating Expenses | $145M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $227M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $225M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $194M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $194M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $194M |
| D&A | $9M |
| EBIT | $229M |
| EBITDA | $238M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $372M |
| R&D Expenses | $85M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $60M |
| Other Expenses | $0 |
| Operating Expenses | $145M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $227M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $225M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $194M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $194M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $194M |
| D&A | $9M |
| EBIT | $229M |
| EBITDA | $238M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $194M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | -$31M |
| Change in Working Capital | -$179M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$500.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $106M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $99M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | $78M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $440M |
| Short-Term Investments | $0 |
| Net Receivables | $1.2B |
| Inventory | $1.4B |
| Other Current Assets | $117M |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $290M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $163M |
| Other Non-Current Assets | $42M |
| TOTAL NON-CURRENT ASSETS | $495M |
| TOTAL ASSETS | $3.7B |
| Account Payables | $777M |
| Short-Term Debt | $170M |
| Deferred Revenue | $135M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $120M |
| Deferred Revenue NC | $170M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $38M |
| TOTAL NON-CURRENT LIABILITIES | $328M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $538M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $639.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $165.0K |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $290M |
| Net Debt | -$150M |
