| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14.3B | $13.9B | $15.1B | 2.7% | -5.4% |
| Op. Income | $3.2B | $2.3B | $5.5B | 40.1% | -41.9% |
| Gross Margin | 60.1% | 53.4% | 72.4% | 6.7pp | -12.3pp |
| Net Margin | 5.7% | 12.8% | 16.4% | -7.0pp | -10.6pp |
| EPS (Diluted) | $0.46 | $1.00 | $1.39 | -54.0% | -66.9% |
| Free Cash Flow | $4.5B | $7.4B | $7.2B | -38.2% | -37.0% |
| Item | Amount |
|---|---|
| REVENUE | $14.3B |
| Cost of Revenue | $5.7B |
| GROSS PROFIT | $8.6B |
| R&D Expenses | $2.2B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.2B |
| Other Expenses | $0 |
| Operating Expenses | $5.4B |
| Cost & Expenses | $11.1B |
| OPERATING INCOME | $3.2B |
| Interest Income | $186M |
| Interest Expense | $564M |
| Other Income/Expenses | -$2.0B |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $388M |
| Net Income from Continuing Ops | $824M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $822M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $811M |
| D&A | $2.1B |
| EBIT | $1.8B |
| EBITDA | $3.9B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $14.3B |
| Cost of Revenue | $5.7B |
| GROSS PROFIT | $8.6B |
| R&D Expenses | $2.2B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.2B |
| Other Expenses | $0 |
| Operating Expenses | $5.4B |
| Cost & Expenses | $11.1B |
| OPERATING INCOME | $3.2B |
| Interest Income | $186M |
| Interest Expense | $564M |
| Other Income/Expenses | -$2.0B |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $388M |
| Net Income from Continuing Ops | $824M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $822M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $811M |
| D&A | $2.1B |
| EBIT | $1.8B |
| EBITDA | $3.9B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $826M |
| Depreciation & Amortization | $2.1B |
| Stock-Based Compensation | $125M |
| Deferred Income Tax | -$1.4B |
| Other Non-Cash Items | $2.7B |
| Change in Working Capital | $443M |
| OPERATING CASH FLOW | $4.8B |
| Capital Expenditure | -$205M |
| Acquisitions (Net) | -$553M |
| Purchases of Investments | -$34M |
| Sales/Maturities of Investments | $14M |
| Other Investing Activities | -$22M |
| NET CASH FROM INVESTING | -$800M |
| Net Debt Issuance | -$1.8B |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$2.6B |
| Other Financing Activities | -$26M |
| NET CASH FROM FINANCING | -$4.4B |
| FREE CASH FLOW | $4.5B |
| Net Change in Cash | -$473M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12.8B |
| Short-Term Investments | $2M |
| Net Receivables | $11.2B |
| Inventory | $4.1B |
| Other Current Assets | $4.9B |
| TOTAL CURRENT ASSETS | $33.0B |
| PP&E (Net) | $5.0B |
| Goodwill | $32.3B |
| Intangible Assets | $55.6B |
| Long-Term Investments | $304M |
| Tax Assets | $0 |
| Other Non-Current Assets | $8.5B |
| TOTAL NON-CURRENT ASSETS | $101.7B |
| TOTAL ASSETS | $134.7B |
| Account Payables | $3.7B |
| Short-Term Debt | $7.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $37.8B |
| Long-Term Debt | $52.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $8.6B |
| Other Non-Current Liabilities | $24.9B |
| TOTAL NON-CURRENT LIABILITIES | $86.5B |
| TOTAL LIABILITIES | $124.3B |
| Common Stock | $18M |
| Additional Paid-In Capital | $20.2B |
| Retained Earnings | -$1.0B |
| Treasury Stock | -$6.5B |
| Accum. Other Comp. Income | -$2.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.4B |
| Minority Interest | $37M |
| TOTAL EQUITY | $10.4B |
| TOTAL LIABILITIES & EQUITY | $134.7B |
| Total Debt | $60.1B |
| Net Debt | $47.3B |
