| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.8B | $3.3B | $3.0B | 15.0% | 28.3% |
| Op. Income | $1.1B | $682M | $847M | 59.2% | 28.2% |
| Gross Margin | 39.8% | 32.5% | 41.0% | 7.3pp | -1.2pp |
| Net Margin | 61.6% | 22.0% | 29.1% | 39.7pp | 32.5pp |
| EPS (Diluted) | $6.12 | $1.88 | $2.32 | 225.5% | 163.8% |
| Free Cash Flow | $1.6B | $2.0B | $968M | -15.8% | 70.4% |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $31M |
| SG&A Expenses | $31M |
| Other Expenses | $390M |
| Operating Expenses | $421M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $1.1B |
| Interest Income | $0 |
| Interest Expense | $34M |
| Other Income/Expenses | $171M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | -$1.1B |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $24M |
| EBIT | $1.2B |
| EBITDA | $1.2B |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $31M |
| SG&A Expenses | $31M |
| Other Expenses | $390M |
| Operating Expenses | $421M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $1.1B |
| Interest Income | $0 |
| Interest Expense | $34M |
| Other Income/Expenses | $171M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | -$1.1B |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $24M |
| EBIT | $1.2B |
| EBITDA | $1.2B |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| Net Income | $2.3B |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$296M |
| Change in Working Capital | -$416M |
| OPERATING CASH FLOW | $1.7B |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6.7B |
| Sales/Maturities of Investments | $5.2B |
| Other Investing Activities | -$23M |
| NET CASH FROM INVESTING | -$1.5B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | $1.6B |
| Net Change in Cash | $143M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $917M |
| Short-Term Investments | $7.1B |
| Net Receivables | $13.5B |
| Inventory | $0 |
| Other Current Assets | -$23.7B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $345M |
| Intangible Assets | $386M |
| Long-Term Investments | $33.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$33.9B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $58.9B |
| Account Payables | $3.8B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$3.8B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$2.7B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $40.6B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $20.3B |
| Treasury Stock | -$4.4B |
| Accum. Other Comp. Income | -$676M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18.4B |
| Minority Interest | $2M |
| TOTAL EQUITY | $18.4B |
| TOTAL LIABILITIES & EQUITY | $58.9B |
| Total Debt | $2.7B |
| Net Debt | $1.8B |
