| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $536M | — | $498M | — | 7.7% |
| Op. Income | $202M | — | $149M | — | 35.4% |
| Gross Margin | 59.9% | — | 54.1% | — | 5.8pp |
| Net Margin | 1.0% | — | 5.5% | — | -4.5pp |
| EPS (Diluted) | $0.05 | — | $0.27 | — | -81.5% |
| Free Cash Flow | $335M | — | $407M | — | -17.9% |
| Item | Amount |
|---|---|
| REVENUE | $536M |
| Cost of Revenue | $215M |
| GROSS PROFIT | $321M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $60M |
| SG&A Expenses | $60M |
| Other Expenses | $59M |
| Operating Expenses | $119M |
| Cost & Expenses | $334M |
| OPERATING INCOME | $202M |
| Interest Income | $0 |
| Interest Expense | $182M |
| Other Income/Expenses | -$185M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $32M |
| EBIT | $199M |
| EBITDA | $231M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $536M |
| Cost of Revenue | $215M |
| GROSS PROFIT | $321M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $60M |
| SG&A Expenses | $60M |
| Other Expenses | $59M |
| Operating Expenses | $119M |
| Cost & Expenses | $334M |
| OPERATING INCOME | $202M |
| Interest Income | $0 |
| Interest Expense | $182M |
| Other Income/Expenses | -$185M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $32M |
| EBIT | $199M |
| EBITDA | $231M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1.5B |
| Change in Working Capital | -$1.2B |
| OPERATING CASH FLOW | $348M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | -$155M |
| Common Stock Repurchased | -$46M |
| Common Dividends Paid | -$54M |
| Other Financing Activities | -$112.0K |
| NET CASH FROM FINANCING | -$200M |
| FREE CASH FLOW | $335M |
| Net Change in Cash | $129M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $820M |
| Short-Term Investments | $0 |
| Net Receivables | $844M |
| Inventory | $0 |
| Other Current Assets | $35M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $330M |
| Goodwill | $1.1B |
| Intangible Assets | $258M |
| Long-Term Investments | $10.6B |
| Tax Assets | $134M |
| Other Non-Current Assets | $304M |
| TOTAL NON-CURRENT ASSETS | $12.8B |
| TOTAL ASSETS | $14.5B |
| Account Payables | $1.6B |
| Short-Term Debt | $1.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$1.8B |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $4.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6.1B |
| TOTAL NON-CURRENT LIABILITIES | $11.2B |
| TOTAL LIABILITIES | $13.1B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $1.0B |
| Treasury Stock | -$1.2B |
| Accum. Other Comp. Income | $17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $203M |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $14.5B |
| Total Debt | $6.9B |
| Net Debt | $6.1B |
