| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $871M | $865M | $699M | 0.7% | 24.5% |
| Op. Income | $89M | $195M | $245M | -54.3% | -63.7% |
| Gross Margin | 49.3% | 52.6% | 73.1% | -3.3pp | -23.8pp |
| Net Margin | 8.2% | 16.3% | 25.4% | -8.1pp | -17.2pp |
| EPS (Diluted) | $0.13 | $0.27 | $0.34 | -51.9% | -61.8% |
| Free Cash Flow | -$279M | $374M | $198M | -174.5% | -240.8% |
| Item | Amount |
|---|---|
| REVENUE | $871M |
| Cost of Revenue | $442M |
| GROSS PROFIT | $429M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $147M |
| SG&A Expenses | $147M |
| Other Expenses | $194M |
| Operating Expenses | $340M |
| Cost & Expenses | $782M |
| OPERATING INCOME | $89M |
| Interest Income | $818M |
| Interest Expense | $421M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $89M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $67M |
| D&A | $21M |
| EBIT | $89M |
| EBITDA | $110M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $871M |
| Cost of Revenue | $442M |
| GROSS PROFIT | $429M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $147M |
| SG&A Expenses | $147M |
| Other Expenses | $194M |
| Operating Expenses | $340M |
| Cost & Expenses | $782M |
| OPERATING INCOME | $89M |
| Interest Income | $818M |
| Interest Expense | $421M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $89M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $67M |
| D&A | $21M |
| EBIT | $89M |
| EBITDA | $110M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $72M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$390M |
| OPERATING CASH FLOW | -$279M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$121M |
| Sales/Maturities of Investments | $134M |
| Other Investing Activities | -$116M |
| NET CASH FROM INVESTING | -$103M |
| Net Debt Issuance | $830M |
| Common Stock Repurchased | -$201.0K |
| Common Dividends Paid | -$56M |
| Other Financing Activities | -$642M |
| NET CASH FROM FINANCING | $129M |
| FREE CASH FLOW | -$279M |
| Net Change in Cash | -$253M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $891M |
| Short-Term Investments | $1.3B |
| Net Receivables | $245M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $725M |
| Goodwill | $1.9B |
| Intangible Assets | $160M |
| Long-Term Investments | $53.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.1B |
| TOTAL NON-CURRENT ASSETS | $58.5B |
| TOTAL ASSETS | $60.9B |
| Account Payables | $0 |
| Short-Term Debt | $918M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $49.2B |
| TOTAL CURRENT LIABILITIES | $51.4B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $54.2B |
| Common Stock | $178M |
| Additional Paid-In Capital | $5.0B |
| Retained Earnings | $1.5B |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | -$146M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.7B |
| TOTAL LIABILITIES & EQUITY | $60.9B |
| Total Debt | $3.7B |
| Net Debt | $2.8B |
