| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $233M | $243M | $198M | -4.0% | 17.7% |
| Op. Income | $31M | $54M | $58M | -42.4% | -46.3% |
| Gross Margin | 66.1% | 70.8% | 85.2% | -4.7pp | -19.1pp |
| Net Margin | 12.4% | 18.5% | 23.6% | -6.1pp | -11.2pp |
| EPS (Diluted) | $0.39 | $0.60 | $0.64 | -35.0% | -39.1% |
| Free Cash Flow | $36M | $90M | $64M | -59.8% | -43.1% |
| Item | Amount |
|---|---|
| REVENUE | $233M |
| Cost of Revenue | $79M |
| GROSS PROFIT | $154M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $75M |
| SG&A Expenses | $78M |
| Other Expenses | $44M |
| Operating Expenses | $123M |
| Cost & Expenses | $202M |
| OPERATING INCOME | $31M |
| Interest Income | $184M |
| Interest Expense | $76M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $9M |
| EBIT | $31M |
| EBITDA | $40M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $233M |
| Cost of Revenue | $79M |
| GROSS PROFIT | $154M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $75M |
| SG&A Expenses | $78M |
| Other Expenses | $44M |
| Operating Expenses | $123M |
| Cost & Expenses | $202M |
| OPERATING INCOME | $31M |
| Interest Income | $184M |
| Interest Expense | $76M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $9M |
| EBIT | $31M |
| EBITDA | $40M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $40M |
| Change in Working Capital | -$30M |
| OPERATING CASH FLOW | $43M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$138M |
| Sales/Maturities of Investments | $97M |
| Other Investing Activities | -$161M |
| NET CASH FROM INVESTING | -$209M |
| Net Debt Issuance | $85M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$19M |
| Other Financing Activities | $12M |
| NET CASH FROM FINANCING | $79M |
| FREE CASH FLOW | $36M |
| Net Change in Cash | -$87M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $2.1B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $338M |
| Goodwill | $456M |
| Intangible Assets | $65M |
| Long-Term Investments | $11.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $875M |
| TOTAL NON-CURRENT ASSETS | $13.6B |
| TOTAL ASSETS | $16.8B |
| Account Payables | $0 |
| Short-Term Debt | $33M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $13.9B |
| TOTAL CURRENT LIABILITIES | $13.9B |
| Long-Term Debt | $460M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $393M |
| TOTAL NON-CURRENT LIABILITIES | $853M |
| TOTAL LIABILITIES | $14.8B |
| Common Stock | $125M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $921M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$119M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $16M |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $16.8B |
| Total Debt | $493M |
| Net Debt | -$636M |
