| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $777M | $801M | $640M | -2.9% | 21.4% |
| Op. Income | $103M | $104M | $60M | -1.1% | 72.5% |
| Gross Margin | 24.4% | 25.5% | 21.2% | -1.1pp | 3.2pp |
| Net Margin | 10.6% | 10.6% | 8.4% | 0.1pp | 2.2pp |
| EPS (Diluted) | $1.33 | $1.37 | $0.88 | -2.9% | 51.1% |
| Free Cash Flow | $131M | $102M | $92M | 28.3% | 43.0% |
| Item | Amount |
|---|---|
| REVENUE | $777M |
| Cost of Revenue | $588M |
| GROSS PROFIT | $190M |
| R&D Expenses | $32M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $55M |
| Other Expenses | $0 |
| Operating Expenses | $87M |
| Cost & Expenses | $674M |
| OPERATING INCOME | $103M |
| Interest Income | $1M |
| Interest Expense | $12M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $98M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $30M |
| EBIT | $103M |
| EBITDA | $133M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $777M |
| Cost of Revenue | $588M |
| GROSS PROFIT | $190M |
| R&D Expenses | $32M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $55M |
| Other Expenses | $0 |
| Operating Expenses | $87M |
| Cost & Expenses | $674M |
| OPERATING INCOME | $103M |
| Interest Income | $1M |
| Interest Expense | $12M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $98M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $30M |
| EBIT | $103M |
| EBITDA | $133M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $83M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$41M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $76M |
| OPERATING CASH FLOW | $151M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $11.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | -$24M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$111M |
| FREE CASH FLOW | $131M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $137M |
| Short-Term Investments | $0 |
| Net Receivables | $764M |
| Inventory | $518M |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $913M |
| Goodwill | $791M |
| Intangible Assets | $452M |
| Long-Term Investments | $48M |
| Tax Assets | $59M |
| Other Non-Current Assets | $277M |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $4.0B |
| Account Payables | $234M |
| Short-Term Debt | $76M |
| Deferred Revenue | $34M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $617M |
| Long-Term Debt | $646M |
| Deferred Revenue NC | $415M |
| Deferred Tax Liabilities | $133M |
| Other Non-Current Liabilities | $108M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $106.0K |
| Additional Paid-In Capital | $328M |
| Retained Earnings | $2.9B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$71M |
| Other Equity | $3M |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $4.0B |
| Total Debt | $742M |
| Net Debt | $605M |
