| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.1B | $1.4B | 13.8% | -13.4% |
| Op. Income | $254M | $231M | $388M | 10.1% | -34.6% |
| Gross Margin | 39.2% | 43.3% | 47.5% | -4.1pp | -8.3pp |
| Net Margin | 20.1% | 18.3% | 21.5% | 1.8pp | -1.4pp |
| EPS (Diluted) | $1.53 | $1.22 | $1.88 | 25.4% | -18.6% |
| Free Cash Flow | $289M | $271M | $91M | 6.6% | 218.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $741M |
| GROSS PROFIT | $478M |
| R&D Expenses | $147M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $73M |
| Other Expenses | $4M |
| Operating Expenses | $224M |
| Cost & Expenses | $965M |
| OPERATING INCOME | $254M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $246M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $245M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $245M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $245M |
| D&A | $143M |
| EBIT | $259M |
| EBITDA | $402M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $741M |
| GROSS PROFIT | $478M |
| R&D Expenses | $147M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $73M |
| Other Expenses | $4M |
| Operating Expenses | $224M |
| Cost & Expenses | $965M |
| OPERATING INCOME | $254M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $246M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $245M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $245M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $245M |
| D&A | $143M |
| EBIT | $259M |
| EBITDA | $402M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $245M |
| Depreciation & Amortization | $143M |
| Stock-Based Compensation | $50M |
| Deferred Income Tax | -$65M |
| Other Non-Cash Items | $47M |
| Change in Working Capital | -$55M |
| OPERATING CASH FLOW | $366M |
| Capital Expenditure | -$77M |
| Acquisitions (Net) | $77M |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | -$77M |
| NET CASH FROM INVESTING | -$78M |
| Net Debt Issuance | -$200M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$109M |
| Other Financing Activities | $21M |
| NET CASH FROM FINANCING | -$290M |
| FREE CASH FLOW | $289M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $719M |
| Short-Term Investments | $16M |
| Net Receivables | $864M |
| Inventory | $1.1B |
| Other Current Assets | $155M |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $1.6B |
| Goodwill | $2.2B |
| Intangible Assets | $1.2B |
| Long-Term Investments | $4M |
| Tax Assets | $192M |
| Other Non-Current Assets | $57M |
| TOTAL NON-CURRENT ASSETS | $5.2B |
| TOTAL ASSETS | $8.4B |
| Account Payables | $159M |
| Short-Term Debt | $299M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $139M |
| TOTAL CURRENT LIABILITIES | $956M |
| Long-Term Debt | $993M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $207M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $40M |
| Additional Paid-In Capital | $172M |
| Retained Earnings | $5.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.1B |
| TOTAL LIABILITIES & EQUITY | $8.4B |
| Total Debt | $1.5B |
| Net Debt | $791M |
