| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $616M | $567M | $681M | 8.7% | -9.6% |
| Op. Income | -$202M | $53M | $164M | -479.7% | -222.9% |
| Gross Margin | 45.3% | 43.3% | 53.7% | 2.0pp | -8.4pp |
| Net Margin | -41.5% | -0.6% | 12.6% | -40.9pp | -54.1pp |
| EPS (Diluted) | $-3.17 | $-0.19 | $0.84 | -1568.4% | -477.4% |
| Free Cash Flow | $47M | $6M | $105M | 646.7% | -55.5% |
| Item | Amount |
|---|---|
| REVENUE | $616M |
| Cost of Revenue | $337M |
| GROSS PROFIT | $279M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $166M |
| SG&A Expenses | $166M |
| Other Expenses | $315M |
| Operating Expenses | $481M |
| Cost & Expenses | $817M |
| OPERATING INCOME | -$202M |
| Interest Income | $0 |
| Interest Expense | $55M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | -$258M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$256M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$256M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$268M |
| D&A | $39M |
| EBIT | -$203M |
| EBITDA | -$164M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$256M |
| Depreciation & Amortization | $39M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$50M |
| Other Non-Cash Items | $265M |
| Change in Working Capital | $56M |
| OPERATING CASH FLOW | $62M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$60.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1.0K |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$14M |
| Common Stock Repurchased | -$192.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$27M |
| FREE CASH FLOW | $47M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $35M |
| Short-Term Investments | $0 |
| Net Receivables | $611M |
| Inventory | $0 |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $676M |
| PP&E (Net) | $554M |
| Goodwill | $2.0B |
| Intangible Assets | $1.7B |
| Long-Term Investments | $23M |
| Tax Assets | $307M |
| Other Non-Current Assets | $153M |
| TOTAL NON-CURRENT ASSETS | $4.7B |
| TOTAL ASSETS | $5.4B |
| Account Payables | $76M |
| Short-Term Debt | $16M |
| Deferred Revenue | $12M |
| Other Current Liabilities | $293M |
| TOTAL CURRENT LIABILITIES | $478M |
| Long-Term Debt | $2.9B |
| Deferred Revenue NC | $42M |
| Deferred Tax Liabilities | $307M |
| Other Non-Current Liabilities | $412M |
| TOTAL NON-CURRENT LIABILITIES | $3.8B |
| TOTAL LIABILITIES | $4.3B |
| Common Stock | $848.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$622M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$76M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $5.4B |
| Total Debt | $3.0B |
| Net Debt | $3.0B |
