| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $789M | $765M | $872M | 3.1% | -9.5% |
| Op. Income | $146M | $143M | $156M | 2.7% | -6.4% |
| Gross Margin | 47.0% | 46.9% | 44.2% | 0.1pp | 2.9pp |
| Net Margin | 13.5% | 11.8% | 7.8% | 1.6pp | 5.7pp |
| EPS (Diluted) | $0.68 | $0.58 | $0.43 | 17.2% | 58.1% |
| Free Cash Flow | $148M | $114M | $164M | 29.9% | -9.8% |
| Item | Amount |
|---|---|
| REVENUE | $789M |
| Cost of Revenue | $418M |
| GROSS PROFIT | $371M |
| R&D Expenses | $43M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $100M |
| Other Expenses | $81M |
| Operating Expenses | $225M |
| Cost & Expenses | $643M |
| OPERATING INCOME | $146M |
| Interest Income | $0 |
| Interest Expense | $23M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $124M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $106M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $106M |
| D&A | $31M |
| EBIT | $147M |
| EBITDA | $179M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $789M |
| Cost of Revenue | $418M |
| GROSS PROFIT | $371M |
| R&D Expenses | $43M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $100M |
| Other Expenses | $81M |
| Operating Expenses | $225M |
| Cost & Expenses | $643M |
| OPERATING INCOME | $146M |
| Interest Income | $0 |
| Interest Expense | $23M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $124M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $106M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $106M |
| D&A | $31M |
| EBIT | $147M |
| EBITDA | $179M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $106M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $165M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | -$300.0K |
| Sales/Maturities of Investments | $300.0K |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | -$60M |
| Common Stock Repurchased | -$13M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$75M |
| FREE CASH FLOW | $148M |
| Net Change in Cash | $77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $341M |
| Short-Term Investments | $0 |
| Net Receivables | $498M |
| Inventory | $297M |
| Other Current Assets | $198M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $149M |
| Goodwill | $1.7B |
| Intangible Assets | $568M |
| Long-Term Investments | $320M |
| Tax Assets | -$320M |
| Other Non-Current Assets | $502M |
| TOTAL NON-CURRENT ASSETS | $3.0B |
| TOTAL ASSETS | $4.3B |
| Account Payables | $367M |
| Short-Term Debt | $107M |
| Deferred Revenue | $132M |
| Other Current Liabilities | $270M |
| TOTAL CURRENT LIABILITIES | $955M |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $54M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $163M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $3.4B |
| Common Stock | $0 |
| Additional Paid-In Capital | $57M |
| Retained Earnings | $1.1B |
| Treasury Stock | -$403M |
| Accum. Other Comp. Income | $105M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $890M |
| Minority Interest | $5M |
| TOTAL EQUITY | $896M |
| TOTAL LIABILITIES & EQUITY | $4.3B |
| Total Debt | $2.3B |
| Net Debt | $2.0B |
