| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $732M | $748M | $708M | -2.1% | 3.3% |
| Op. Income | $171M | $191M | $162M | -10.7% | 5.4% |
| Gross Margin | 38.1% | 38.7% | 37.2% | -0.6pp | 0.9pp |
| Net Margin | 18.7% | 21.6% | 14.5% | -2.9pp | 4.2pp |
| EPS (Diluted) | $1.83 | $2.14 | $1.36 | -14.5% | 34.6% |
| Free Cash Flow | $130M | $134M | $136M | -2.9% | -4.0% |
| Item | Amount |
|---|---|
| REVENUE | $732M |
| Cost of Revenue | $453M |
| GROSS PROFIT | $279M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $90M |
| Other Expenses | $0 |
| Operating Expenses | $108M |
| Cost & Expenses | $562M |
| OPERATING INCOME | $171M |
| Interest Income | $9M |
| Interest Expense | $1M |
| Other Income/Expenses | $900.0K |
| INCOME BEFORE TAX | $172M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $137M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $137M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $137M |
| D&A | $36M |
| EBIT | $169M |
| EBITDA | $205M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $732M |
| Cost of Revenue | $453M |
| GROSS PROFIT | $279M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $90M |
| Other Expenses | $0 |
| Operating Expenses | $108M |
| Cost & Expenses | $562M |
| OPERATING INCOME | $171M |
| Interest Income | $9M |
| Interest Expense | $1M |
| Other Income/Expenses | $900.0K |
| INCOME BEFORE TAX | $172M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $137M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $137M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $137M |
| D&A | $36M |
| EBIT | $169M |
| EBITDA | $205M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $137M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $23M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | $27M |
| OPERATING CASH FLOW | $239M |
| Capital Expenditure | -$109M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$100.0K |
| NET CASH FROM INVESTING | -$109M |
| Net Debt Issuance | -$600.0K |
| Common Stock Repurchased | -$177M |
| Common Dividends Paid | -$15M |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$190M |
| FREE CASH FLOW | $130M |
| Net Change in Cash | -$45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $854M |
| Short-Term Investments | $0 |
| Net Receivables | $512M |
| Inventory | $435M |
| Other Current Assets | $136M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $1.5B |
| Goodwill | $109M |
| Intangible Assets | $15M |
| Long-Term Investments | $210M |
| Tax Assets | $26M |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $3.8B |
| Account Payables | $242M |
| Short-Term Debt | $134M |
| Deferred Revenue | $42M |
| Other Current Liabilities | $54M |
| TOTAL CURRENT LIABILITIES | $672M |
| Long-Term Debt | $73M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $13M |
| Other Non-Current Liabilities | $107M |
| TOTAL NON-CURRENT LIABILITIES | $277M |
| TOTAL LIABILITIES | $949M |
| Common Stock | $19M |
| Additional Paid-In Capital | $120M |
| Retained Earnings | $3.5B |
| Treasury Stock | -$638M |
| Accum. Other Comp. Income | -$144M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $309M |
| Net Debt | -$545M |
