| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.2B | $10.1B | $10.1B | 1.0% | 1.5% |
| Op. Income | $1.9B | $1.7B | $1.4B | 11.1% | 29.4% |
| Gross Margin | 51.3% | 49.6% | 49.3% | 1.7pp | 2.1pp |
| Net Margin | 15.6% | 14.2% | 10.2% | 1.4pp | 5.3pp |
| EPS (Diluted) | $0.91 | $0.82 | $0.59 | 11.0% | 54.2% |
| Free Cash Flow | $2.3B | $1.3B | $1.7B | 73.3% | 33.0% |
| Item | Amount |
|---|---|
| REVENUE | $10.2B |
| Cost of Revenue | $5.0B |
| GROSS PROFIT | $5.3B |
| R&D Expenses | $690M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.7B |
| Other Expenses | $0 |
| Operating Expenses | $3.4B |
| Cost & Expenses | $8.4B |
| OPERATING INCOME | $1.9B |
| Interest Income | $89M |
| Interest Expense | $235M |
| Other Income/Expenses | -$69M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $201M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $813M |
| EBIT | $2.0B |
| EBITDA | $2.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $10.2B |
| Cost of Revenue | $5.0B |
| GROSS PROFIT | $5.3B |
| R&D Expenses | $690M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.7B |
| Other Expenses | $0 |
| Operating Expenses | $3.4B |
| Cost & Expenses | $8.4B |
| OPERATING INCOME | $1.9B |
| Interest Income | $89M |
| Interest Expense | $235M |
| Other Income/Expenses | -$69M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $201M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $813M |
| EBIT | $2.0B |
| EBITDA | $2.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.6B |
| Depreciation & Amortization | $813M |
| Stock-Based Compensation | $114M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2.0B |
| Change in Working Capital | -$1.5B |
| OPERATING CASH FLOW | $3.0B |
| Capital Expenditure | -$755M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$114M |
| Sales/Maturities of Investments | $43M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$824M |
| Net Debt Issuance | -$939M |
| Common Stock Repurchased | -$259M |
| Common Dividends Paid | -$888M |
| Other Financing Activities | $34M |
| NET CASH FROM FINANCING | -$2.1B |
| FREE CASH FLOW | $2.3B |
| Net Change in Cash | $187M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.9B |
| Short-Term Investments | $383M |
| Net Receivables | $6.6B |
| Inventory | $6.6B |
| Other Current Assets | $2.3B |
| TOTAL CURRENT ASSETS | $22.7B |
| PP&E (Net) | $11.3B |
| Goodwill | $23.7B |
| Intangible Assets | $8.8B |
| Long-Term Investments | $799M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.0B |
| TOTAL NON-CURRENT ASSETS | $50.5B |
| TOTAL ASSETS | $73.2B |
| Account Payables | $4.3B |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.1B |
| TOTAL CURRENT LIABILITIES | $13.8B |
| Long-Term Debt | $13.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.2B |
| Other Non-Current Liabilities | $4.8B |
| TOTAL NON-CURRENT LIABILITIES | $20.5B |
| TOTAL LIABILITIES | $34.4B |
| Common Stock | $24.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $37.6B |
| Treasury Stock | -$16.0B |
| Accum. Other Comp. Income | -$7.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $38.6B |
| Minority Interest | $224M |
| TOTAL EQUITY | $38.8B |
| TOTAL LIABILITIES & EQUITY | $73.2B |
| Total Debt | $15.9B |
| Net Debt | $9.0B |
