| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.2B | $1.2B | 13.9% | 14.4% |
| Op. Income | $225M | $191M | $92M | 18.1% | 145.4% |
| Gross Margin | 42.5% | 42.9% | 47.2% | -0.4pp | -4.8pp |
| Net Margin | 13.5% | 10.2% | 4.3% | 3.3pp | 9.2pp |
| EPS (Diluted) | $1.88 | $1.24 | $0.52 | 51.6% | 261.5% |
| Free Cash Flow | $144M | $114M | $99M | 26.9% | 46.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $797M |
| GROSS PROFIT | $588M |
| R&D Expenses | $26M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $336M |
| Other Expenses | $358.0K |
| Operating Expenses | $363M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $225M |
| Interest Income | $0 |
| Interest Expense | $30M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $195M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $187M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $187M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $187M |
| D&A | $142M |
| EBIT | $225M |
| EBITDA | $368M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $797M |
| GROSS PROFIT | $588M |
| R&D Expenses | $26M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $336M |
| Other Expenses | $358.0K |
| Operating Expenses | $363M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $225M |
| Interest Income | $0 |
| Interest Expense | $30M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $195M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $187M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $187M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $187M |
| D&A | $142M |
| EBIT | $225M |
| EBITDA | $368M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $187M |
| Depreciation & Amortization | $142M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$123M |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $216M |
| Capital Expenditure | -$71M |
| Acquisitions (Net) | -$9M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$78M |
| Net Debt Issuance | $10M |
| Common Stock Repurchased | -$155M |
| Common Dividends Paid | -$47M |
| Other Financing Activities | -$830.0K |
| NET CASH FROM FINANCING | -$192M |
| FREE CASH FLOW | $144M |
| Net Change in Cash | -$51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $208M |
| Short-Term Investments | $0 |
| Net Receivables | $865M |
| Inventory | $604M |
| Other Current Assets | $154M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $1.8B |
| Goodwill | $3.9B |
| Intangible Assets | $2.1B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $8.8B |
| TOTAL ASSETS | $10.8B |
| Account Payables | $264M |
| Short-Term Debt | $60M |
| Deferred Revenue | $86M |
| Other Current Liabilities | $332M |
| TOTAL CURRENT LIABILITIES | $862M |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $618M |
| Other Non-Current Liabilities | $97M |
| TOTAL NON-CURRENT LIABILITIES | $3.9B |
| TOTAL LIABILITIES | $4.7B |
| Common Stock | $4.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$321M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.1B |
| Minority Interest | $10M |
| TOTAL EQUITY | $6.1B |
| TOTAL LIABILITIES & EQUITY | $10.8B |
| Total Debt | $3.2B |
| Net Debt | $3.0B |
