| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.4B | $7.5B | $7.3B | -1.2% | 2.0% |
| Op. Income | -$75M | $33M | $71M | -327.3% | -205.6% |
| Gross Margin | 13.0% | 13.3% | 13.4% | -0.3pp | -0.4pp |
| Net Margin | -0.9% | 0.1% | 0.5% | -1.0pp | -1.5pp |
| EPS (Diluted) | $-1.16 | $0.12 | $0.64 | -1066.7% | -281.2% |
| Free Cash Flow | $117M | $65M | $269M | 80.0% | -56.5% |
| Item | Amount |
|---|---|
| REVENUE | $7.4B |
| Cost of Revenue | $6.5B |
| GROSS PROFIT | $966M |
| R&D Expenses | $0 |
| Selling & Marketing | $1.7B |
| General & Administrative | -$764M |
| SG&A Expenses | $981M |
| Other Expenses | $1.0B |
| Operating Expenses | $997M |
| Cost & Expenses | $7.4B |
| OPERATING INCOME | -$75M |
| Interest Income | $1M |
| Interest Expense | $55M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | -$103M |
| Income Tax Expense | -$36M |
| Net Income from Continuing Ops | -$67M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$68M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$68M |
| D&A | $80M |
| EBIT | -$70M |
| EBITDA | $10M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$68M |
| Depreciation & Amortization | $80M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$38M |
| Other Non-Cash Items | $63M |
| Change in Working Capital | $185M |
| OPERATING CASH FLOW | $222M |
| Capital Expenditure | -$105M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$25M |
| NET CASH FROM INVESTING | -$128M |
| Net Debt Issuance | -$31M |
| Common Stock Repurchased | -$62M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$95M |
| FREE CASH FLOW | $117M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $37M |
| Short-Term Investments | $0 |
| Net Receivables | $889M |
| Inventory | $2.3B |
| Other Current Assets | $245M |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $3.0B |
| Goodwill | $20M |
| Intangible Assets | $722M |
| Long-Term Investments | $12M |
| Tax Assets | $32M |
| Other Non-Current Assets | $150M |
| TOTAL NON-CURRENT ASSETS | $3.9B |
| TOTAL ASSETS | $7.4B |
| Account Payables | $1.8B |
| Short-Term Debt | $18M |
| Deferred Revenue | -$18M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $2.4B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | -$478M |
| Deferred Tax Liabilities | $478M |
| Other Non-Current Liabilities | $178M |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $5.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $606M |
| Retained Earnings | $1.3B |
| Treasury Stock | -$86M |
| Accum. Other Comp. Income | -$28M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $1M |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $7.4B |
| Total Debt | $3.3B |
| Net Debt | $3.2B |
