| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | $1.8B | $2.9B | 15.9% | -27.8% |
| Op. Income | $636M | $339M | $1.5B | 87.6% | -56.7% |
| Gross Margin | 34.7% | 31.8% | 52.7% | 2.9pp | -18.1pp |
| Net Margin | 43.5% | -8.2% | 51.9% | 51.7pp | -8.4pp |
| EPS (Diluted) | $0.70 | $-0.11 | $1.14 | 712.3% | -38.4% |
| Free Cash Flow | $34M | -$405M | $383M | 108.3% | -91.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $724M |
| R&D Expenses | $0 |
| Selling & Marketing | $80M |
| General & Administrative | $133M |
| SG&A Expenses | $212M |
| Other Expenses | -$124M |
| Operating Expenses | $88M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $636M |
| Interest Income | $23M |
| Interest Expense | $48M |
| Other Income/Expenses | $457M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $184M |
| Net Income from Continuing Ops | $910M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $908M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $908M |
| D&A | $360M |
| EBIT | $1.3B |
| EBITDA | $1.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $724M |
| R&D Expenses | $0 |
| Selling & Marketing | $80M |
| General & Administrative | $133M |
| SG&A Expenses | $212M |
| Other Expenses | -$124M |
| Operating Expenses | $88M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $636M |
| Interest Income | $23M |
| Interest Expense | $48M |
| Other Income/Expenses | $457M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $184M |
| Net Income from Continuing Ops | $910M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $908M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $908M |
| D&A | $360M |
| EBIT | $1.3B |
| EBITDA | $1.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $910M |
| Depreciation & Amortization | $360M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $157M |
| Other Non-Cash Items | -$602M |
| Change in Working Capital | $94M |
| OPERATING CASH FLOW | $919M |
| Capital Expenditure | -$885M |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $80M |
| NET CASH FROM INVESTING | -$498M |
| Net Debt Issuance | -$38M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$38M |
| Other Financing Activities | $237M |
| NET CASH FROM FINANCING | $160M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | $568M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $2.6B |
| Net Receivables | $1.6B |
| Inventory | $1.2B |
| Other Current Assets | $726M |
| TOTAL CURRENT ASSETS | $7.8B |
| PP&E (Net) | $13.0B |
| Goodwill | $1.7B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $76M |
| Tax Assets | $110M |
| Other Non-Current Assets | $5.0B |
| TOTAL NON-CURRENT ASSETS | $21.2B |
| TOTAL ASSETS | $28.9B |
| Account Payables | $1.1B |
| Short-Term Debt | $959M |
| Deferred Revenue | $35M |
| Other Current Liabilities | $204M |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $14.6B |
| Deferred Revenue NC | $15M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $16.9B |
| TOTAL LIABILITIES | $19.9B |
| Common Stock | $1.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | -$299M |
| Accum. Other Comp. Income | $7.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.0B |
| Minority Interest | $24M |
| TOTAL EQUITY | $9.0B |
| TOTAL LIABILITIES & EQUITY | $28.9B |
| Total Debt | $16.8B |
| Net Debt | $15.1B |
