| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $785M | $854M | $855M | -8.0% | -8.2% |
| Op. Income | $78M | $115M | $135M | -32.4% | -42.5% |
| Gross Margin | 25.6% | 27.8% | 29.1% | -2.3pp | -3.6pp |
| Net Margin | 6.6% | 7.7% | 8.5% | -1.1pp | -2.0pp |
| EPS (Diluted) | $0.37 | $0.47 | $0.51 | -21.3% | -27.5% |
| Free Cash Flow | -$139M | $55M | $13M | -350.7% | -1140.7% |
| Item | Amount |
|---|---|
| REVENUE | $785M |
| Cost of Revenue | $585M |
| GROSS PROFIT | $201M |
| R&D Expenses | $100M |
| Selling & Marketing | -$23.0K |
| General & Administrative | $123M |
| SG&A Expenses | $123M |
| Other Expenses | -$100M |
| Operating Expenses | $123M |
| Cost & Expenses | $707M |
| OPERATING INCOME | $78M |
| Interest Income | $10M |
| Interest Expense | $6M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $50M |
| EBIT | $75M |
| EBITDA | $126M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $785M |
| Cost of Revenue | $585M |
| GROSS PROFIT | $201M |
| R&D Expenses | $100M |
| Selling & Marketing | -$23.0K |
| General & Administrative | $123M |
| SG&A Expenses | $123M |
| Other Expenses | -$100M |
| Operating Expenses | $123M |
| Cost & Expenses | $707M |
| OPERATING INCOME | $78M |
| Interest Income | $10M |
| Interest Expense | $6M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $50M |
| EBIT | $75M |
| EBITDA | $126M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $51M |
| Depreciation & Amortization | $50M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $16M |
| Other Non-Cash Items | $35M |
| Change in Working Capital | -$147M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$145M |
| Acquisitions (Net) | -$9M |
| Purchases of Investments | -$35M |
| Sales/Maturities of Investments | $80M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$109M |
| Net Debt Issuance | $67M |
| Common Stock Repurchased | -$115M |
| Common Dividends Paid | -$14M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$35M |
| FREE CASH FLOW | -$139M |
| Net Change in Cash | -$122M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $973M |
| Short-Term Investments | $36M |
| Net Receivables | $427M |
| Inventory | $648M |
| Other Current Assets | $214M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $1.4B |
| Goodwill | $201M |
| Intangible Assets | $72M |
| Long-Term Investments | $0 |
| Tax Assets | $137M |
| Other Non-Current Assets | $110M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $4.2B |
| Account Payables | $191M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $48M |
| TOTAL CURRENT LIABILITIES | $692M |
| Long-Term Debt | $818M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $96M |
| Other Non-Current Liabilities | $330M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $15M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $1.0B |
| Treasury Stock | -$162M |
| Accum. Other Comp. Income | $10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $5M |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $948M |
| Net Debt | -$25M |
