| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $819M | $712M | $859M | 15.1% | -4.5% |
| Op. Income | $264M | $179M | $286M | 47.3% | -7.7% |
| Gross Margin | 61.2% | 59.1% | 59.4% | 2.1pp | 1.7pp |
| Net Margin | 26.4% | 18.9% | 26.4% | 7.5pp | -0.1pp |
| EPS (Diluted) | $3.65 | $2.27 | $3.81 | 60.8% | -4.2% |
| Free Cash Flow | $189M | $120M | $137M | 57.4% | 38.1% |
| Item | Amount |
|---|---|
| REVENUE | $819M |
| Cost of Revenue | $318M |
| GROSS PROFIT | $501M |
| R&D Expenses | $44M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $180M |
| Other Expenses | $12M |
| Operating Expenses | $237M |
| Cost & Expenses | $555M |
| OPERATING INCOME | $264M |
| Interest Income | $5M |
| Interest Expense | $31M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $238M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $216M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $216M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $216M |
| D&A | $48M |
| EBIT | $268M |
| EBITDA | $316M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $819M |
| Cost of Revenue | $318M |
| GROSS PROFIT | $501M |
| R&D Expenses | $44M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $180M |
| Other Expenses | $12M |
| Operating Expenses | $237M |
| Cost & Expenses | $555M |
| OPERATING INCOME | $264M |
| Interest Income | $5M |
| Interest Expense | $31M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $238M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $216M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $216M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $216M |
| D&A | $48M |
| EBIT | $268M |
| EBITDA | $316M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $216M |
| Depreciation & Amortization | $48M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$91.0K |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | $230M |
| Capital Expenditure | -$42M |
| Acquisitions (Net) | $4M |
| Purchases of Investments | -$91.0K |
| Sales/Maturities of Investments | $91.0K |
| Other Investing Activities | $91.0K |
| NET CASH FROM INVESTING | -$38M |
| Net Debt Issuance | -$150M |
| Common Stock Repurchased | $156.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $19M |
| NET CASH FROM FINANCING | -$130M |
| FREE CASH FLOW | $189M |
| Net Change in Cash | $59M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $395M |
| Short-Term Investments | $898.0K |
| Net Receivables | $702M |
| Inventory | $516M |
| Other Current Assets | $138M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $724M |
| Goodwill | $1.3B |
| Intangible Assets | $629M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $216M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $85M |
| Short-Term Debt | $50M |
| Deferred Revenue | $257M |
| Other Current Liabilities | $238M |
| TOTAL CURRENT LIABILITIES | $790M |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $322M |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $9.2B |
| Treasury Stock | -$10.1B |
| Accum. Other Comp. Income | -$134M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $2.4B |
| Net Debt | $2.0B |
