Andre Valentine
CFO at Concentrix
We returned approximately $220,000,000 to shareholders. Specifically, we repurchased 136,000,000 of our common shares, representing 2,200,000 shares at an average price of approximately $61.74 per share, and we paid $84,000,000 in dividends during the year. We reduced our net debt by approximately $209,000,000 during the year, and we further reduced our off balance sheet obligation related to receivables factoring by $46,000,000 during the year to approximately $162,000,000 at year end. At the end of the Q4, cash and cash equivalents were $241,000,000 and total debt was $4,736,000,000 bringing our net debt to $4,495,000,000 at year end. Our liquidity remains strong at approximately $1,500,000,000 including over $1,000,000,000 on our line of credit, which is undrawn.