| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.2B | 1.9% | 1.5% |
| Op. Income | $87M | $116M | $56M | -25.0% | 55.4% |
| Gross Margin | 18.6% | 22.4% | 18.9% | -3.9pp | -0.4pp |
| Net Margin | 5.4% | 7.7% | 3.9% | -2.3pp | 1.5pp |
| EPS (Diluted) | $1.31 | $1.63 | $0.77 | -19.6% | 70.1% |
| Free Cash Flow | $561M | -$130M | $469M | 531.5% | 19.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $231M |
| R&D Expenses | $16M |
| Selling & Marketing | $71M |
| General & Administrative | $57M |
| SG&A Expenses | $128M |
| Other Expenses | $0 |
| Operating Expenses | $144M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $87M |
| Interest Income | $15M |
| Interest Expense | $17M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $85M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $67M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $67M |
| D&A | $32M |
| EBIT | $102M |
| EBITDA | $134M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $231M |
| R&D Expenses | $16M |
| Selling & Marketing | $71M |
| General & Administrative | $57M |
| SG&A Expenses | $128M |
| Other Expenses | $0 |
| Operating Expenses | $144M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $87M |
| Interest Income | $15M |
| Interest Expense | $17M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $85M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $67M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $67M |
| D&A | $32M |
| EBIT | $102M |
| EBITDA | $134M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $67M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | $20M |
| Change in Working Capital | $456M |
| OPERATING CASH FLOW | $582M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$50M |
| Sales/Maturities of Investments | $63M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$13M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | $561M |
| Net Change in Cash | $553M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $287M |
| Short-Term Investments | $65M |
| Net Receivables | $465M |
| Inventory | $0 |
| Other Current Assets | $1.7B |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $41M |
| Goodwill | $462M |
| Intangible Assets | $172M |
| Long-Term Investments | $143M |
| Tax Assets | $0 |
| Other Non-Current Assets | $297M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $3.7B |
| Account Payables | $87M |
| Short-Term Debt | $109M |
| Deferred Revenue | $65M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.5B |
| Long-Term Debt | $984M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $13M |
| Other Non-Current Liabilities | $125M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $3.6B |
| Common Stock | $976M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$896M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $78M |
| Minority Interest | $0 |
| TOTAL EQUITY | $78M |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $1.1B |
| Net Debt | $850M |
