| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.3B | $3.9B | $3.7B | 9.4% | 16.0% |
| Op. Income | -$88M | $37M | -$270M | -334.4% | 67.5% |
| Gross Margin | 26.7% | 26.4% | 25.3% | 0.3pp | 1.4pp |
| Net Margin | -1.9% | 1.9% | -8.5% | -3.8pp | 6.6pp |
| EPS (Diluted) | $-0.39 | $0.36 | $-1.54 | -206.5% | 75.0% |
| Free Cash Flow | $463M | $246M | -$88M | 88.6% | 628.0% |
| Item | Amount |
|---|---|
| REVENUE | $4.3B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $547M |
| Selling & Marketing | $505M |
| General & Administrative | $181M |
| SG&A Expenses | $686M |
| Other Expenses | $0 |
| Operating Expenses | $1.2B |
| Cost & Expenses | $4.4B |
| OPERATING INCOME | -$88M |
| Interest Income | $48M |
| Interest Expense | $11M |
| Other Income/Expenses | -$65M |
| INCOME BEFORE TAX | -$153M |
| Income Tax Expense | -$71M |
| Net Income from Continuing Ops | -$82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$82M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$82M |
| D&A | $40M |
| EBIT | -$130M |
| EBITDA | -$90M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$82M |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $40M |
| Deferred Income Tax | -$71M |
| Other Non-Cash Items | $125M |
| Change in Working Capital | $413M |
| OPERATING CASH FLOW | $464M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$138.7K |
| Purchases of Investments | -$946M |
| Sales/Maturities of Investments | $938M |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$13M |
| Common Stock Repurchased | -$22M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $262M |
| NET CASH FROM FINANCING | $227M |
| FREE CASH FLOW | $463M |
| Net Change in Cash | $583M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.7B |
| Short-Term Investments | $1.3B |
| Net Receivables | $1.0B |
| Inventory | $0 |
| Other Current Assets | $197M |
| TOTAL CURRENT ASSETS | $6.2B |
| PP&E (Net) | $642M |
| Goodwill | $1.3B |
| Intangible Assets | $99M |
| Long-Term Investments | $1.5B |
| Tax Assets | $33M |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $9.8B |
| Account Payables | $777M |
| Short-Term Debt | $0 |
| Deferred Revenue | $730M |
| Other Current Liabilities | $3.0B |
| TOTAL CURRENT LIABILITIES | $4.8B |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $34M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $6.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $6.0B |
| Retained Earnings | -$4.9B |
| Treasury Stock | -$307M |
| Accum. Other Comp. Income | $2.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $9.8B |
| Total Debt | $2.0B |
| Net Debt | -$1.7B |
