| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $481M | $495M | $452M | -2.8% | 6.3% |
| Op. Income | $48M | $64M | $42M | -25.3% | 15.0% |
| Gross Margin | 40.3% | 41.8% | 38.7% | -1.5pp | 1.5pp |
| Net Margin | 8.1% | 9.5% | 6.9% | -1.4pp | 1.2pp |
| EPS (Diluted) | $0.91 | $1.10 | $0.73 | -17.3% | 24.7% |
| Free Cash Flow | $134M | $163M | $115M | -17.4% | 17.1% |
| Item | Amount |
|---|---|
| REVENUE | $481M |
| Cost of Revenue | $287M |
| GROSS PROFIT | $194M |
| R&D Expenses | $26M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $120M |
| Other Expenses | $0 |
| Operating Expenses | $146M |
| Cost & Expenses | $433M |
| OPERATING INCOME | $48M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $44M |
| EBIT | $48M |
| EBITDA | $93M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $481M |
| Cost of Revenue | $287M |
| GROSS PROFIT | $194M |
| R&D Expenses | $26M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $120M |
| Other Expenses | $0 |
| Operating Expenses | $146M |
| Cost & Expenses | $433M |
| OPERATING INCOME | $48M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $44M |
| EBIT | $48M |
| EBITDA | $93M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $39M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | -$30M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $58M |
| OPERATING CASH FLOW | $147M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | -$27M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | -$35.0K |
| NET CASH FROM INVESTING | -$36M |
| Net Debt Issuance | -$90M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$77M |
| FREE CASH FLOW | $134M |
| Net Change in Cash | $34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $165M |
| Short-Term Investments | $10M |
| Net Receivables | $620M |
| Inventory | $0 |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $861M |
| PP&E (Net) | $209M |
| Goodwill | $2.5B |
| Intangible Assets | $996M |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $72M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $4.7B |
| Account Payables | $146M |
| Short-Term Debt | $50M |
| Deferred Revenue | $633M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $596M |
| Deferred Revenue NC | $291.0K |
| Deferred Tax Liabilities | $79M |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $738M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $481.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $1.6B |
| Treasury Stock | -$21M |
| Accum. Other Comp. Income | -$326.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $4.7B |
| Total Debt | $697M |
| Net Debt | $531M |
