| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $448M | $473M | $400M | -5.2% | 11.9% |
| Op. Income | $25M | $81M | $278M | -68.6% | -90.8% |
| Gross Margin | 50.6% | 55.2% | 60.6% | -4.6pp | -10.0pp |
| Net Margin | 4.5% | 13.0% | 54.3% | -8.6pp | -49.8pp |
| EPS (Diluted) | $0.33 | $1.18 | $4.23 | -72.0% | -92.2% |
| Free Cash Flow | $184M | $88M | -$67M | 109.9% | 374.8% |
| Item | Amount |
|---|---|
| REVENUE | $448M |
| Cost of Revenue | $221M |
| GROSS PROFIT | $227M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $133M |
| SG&A Expenses | $139M |
| Other Expenses | $63M |
| Operating Expenses | $201M |
| Cost & Expenses | $423M |
| OPERATING INCOME | $25M |
| Interest Income | $417M |
| Interest Expense | $202M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $25M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $10M |
| EBIT | $25M |
| EBITDA | $35M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $448M |
| Cost of Revenue | $221M |
| GROSS PROFIT | $227M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $133M |
| SG&A Expenses | $139M |
| Other Expenses | $63M |
| Operating Expenses | $201M |
| Cost & Expenses | $423M |
| OPERATING INCOME | $25M |
| Interest Income | $417M |
| Interest Expense | $202M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $25M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $10M |
| EBIT | $25M |
| EBITDA | $35M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $110M |
| Change in Working Capital | $42M |
| OPERATING CASH FLOW | $188M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $72M |
| Other Investing Activities | $259M |
| NET CASH FROM INVESTING | $318M |
| Net Debt Issuance | $100M |
| Common Stock Repurchased | -$45M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1.5B |
| NET CASH FROM FINANCING | -$1.5B |
| FREE CASH FLOW | $184M |
| Net Change in Cash | -$950M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.2B |
| Short-Term Investments | $3.2B |
| Net Receivables | $802M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $7.3B |
| PP&E (Net) | $32M |
| Goodwill | $1M |
| Intangible Assets | $0 |
| Long-Term Investments | $21.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $21.1B |
| TOTAL ASSETS | $28.4B |
| Account Payables | $33M |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22.4B |
| TOTAL CURRENT LIABILITIES | $23.9B |
| Long-Term Debt | $859M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $393M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $25.2B |
| Common Stock | $511.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $2.4B |
| Treasury Stock | -$220M |
| Accum. Other Comp. Income | -$362M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $28.4B |
| Total Debt | $2.4B |
| Net Debt | -$884M |
