| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $956M | $1.5B | 5.5% | -32.9% |
| Op. Income | $74M | -$12M | $260M | 716.7% | -71.5% |
| Gross Margin | 44.4% | 44.7% | 45.6% | -0.3pp | -1.2pp |
| Net Margin | 1.7% | -1.6% | 12.4% | 3.3pp | -10.7pp |
| EPS (Diluted) | $0.33 | $-0.29 | $3.58 | 213.8% | -90.8% |
| Free Cash Flow | $102M | -$49M | $243M | 308.2% | -58.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $561M |
| GROSS PROFIT | $448M |
| R&D Expenses | $116M |
| Selling & Marketing | $136M |
| General & Administrative | $78M |
| SG&A Expenses | $214M |
| Other Expenses | $44M |
| Operating Expenses | $374M |
| Cost & Expenses | $935M |
| OPERATING INCOME | $74M |
| Interest Income | $0 |
| Interest Expense | $39M |
| Other Income/Expenses | -$72M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | -$15M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $44M |
| EBIT | -$26M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $561M |
| GROSS PROFIT | $448M |
| R&D Expenses | $116M |
| Selling & Marketing | $136M |
| General & Administrative | $78M |
| SG&A Expenses | $214M |
| Other Expenses | $44M |
| Operating Expenses | $374M |
| Cost & Expenses | $935M |
| OPERATING INCOME | $74M |
| Interest Income | $0 |
| Interest Expense | $39M |
| Other Income/Expenses | -$72M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | -$15M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $44M |
| EBIT | -$26M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $17M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $31M |
| Change in Working Capital | $34M |
| OPERATING CASH FLOW | $141M |
| Capital Expenditure | -$39M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$43M |
| Net Debt Issuance | -$53M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $30M |
| NET CASH FROM FINANCING | -$23M |
| FREE CASH FLOW | $102M |
| Net Change in Cash | $77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $137M |
| Short-Term Investments | $0 |
| Net Receivables | $584M |
| Inventory | $804M |
| Other Current Assets | $146M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $478M |
| Goodwill | $3.9B |
| Intangible Assets | $527M |
| Long-Term Investments | $162M |
| Tax Assets | $438M |
| Other Non-Current Assets | $134M |
| TOTAL NON-CURRENT ASSETS | $5.6B |
| TOTAL ASSETS | $7.3B |
| Account Payables | $456M |
| Short-Term Debt | $173M |
| Deferred Revenue | $458M |
| Other Current Liabilities | $332M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $312M |
| Deferred Tax Liabilities | $67M |
| Other Non-Current Liabilities | $94M |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $4.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $615M |
| Retained Earnings | $4.3B |
| Treasury Stock | -$1.9B |
| Accum. Other Comp. Income | -$54M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $7.3B |
| Total Debt | $2.4B |
| Net Debt | $2.3B |
