| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $671M | $704M | $732M | -4.7% | -8.4% |
| Op. Income | $124M | $144M | $167M | -13.6% | -25.4% |
| Gross Margin | 56.6% | 56.6% | 57.5% | 0.0pp | -0.9pp |
| Net Margin | 17.5% | 18.2% | 23.5% | -0.8pp | -6.1pp |
| EPS (Diluted) | $0.72 | $0.78 | $1.04 | -7.7% | -30.8% |
| Free Cash Flow | $204M | $140M | $149M | 46.3% | 37.4% |
| Item | Amount |
|---|---|
| REVENUE | $671M |
| Cost of Revenue | $291M |
| GROSS PROFIT | $380M |
| R&D Expenses | $102M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $142M |
| Other Expenses | $11M |
| Operating Expenses | $255M |
| Cost & Expenses | $546M |
| OPERATING INCOME | $124M |
| Interest Income | $9M |
| Interest Expense | $812.0K |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $140M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $117M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $117M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $117M |
| D&A | $28M |
| EBIT | $141M |
| EBITDA | $169M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $671M |
| Cost of Revenue | $291M |
| GROSS PROFIT | $380M |
| R&D Expenses | $102M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $142M |
| Other Expenses | $11M |
| Operating Expenses | $255M |
| Cost & Expenses | $546M |
| OPERATING INCOME | $124M |
| Interest Income | $9M |
| Interest Expense | $812.0K |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $140M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $117M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $117M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $117M |
| D&A | $28M |
| EBIT | $141M |
| EBITDA | $169M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $117M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $110M |
| OPERATING CASH FLOW | $249M |
| Capital Expenditure | -$44M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$24M |
| Sales/Maturities of Investments | $38M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | -$24M |
| Common Stock Repurchased | -$51M |
| Common Dividends Paid | -$17M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$91M |
| FREE CASH FLOW | $204M |
| Net Change in Cash | $121M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $758M |
| Short-Term Investments | $62M |
| Net Receivables | $422M |
| Inventory | $812M |
| Other Current Assets | $61M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $519M |
| Goodwill | $416M |
| Intangible Assets | $35M |
| Long-Term Investments | $117M |
| Tax Assets | $176M |
| Other Non-Current Assets | $62M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $3.5B |
| Account Payables | $180M |
| Short-Term Debt | $18M |
| Deferred Revenue | $100M |
| Other Current Liabilities | $122M |
| TOTAL CURRENT LIABILITIES | $660M |
| Long-Term Debt | $65M |
| Deferred Revenue NC | $37M |
| Deferred Tax Liabilities | $183.0K |
| Other Non-Current Liabilities | $133M |
| TOTAL NON-CURRENT LIABILITIES | $301M |
| TOTAL LIABILITIES | $961M |
| Common Stock | $19M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $707M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $148M |
| Net Debt | -$610M |
