| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.0B | $4.9B | $4.5B | 3.2% | 11.6% |
| Op. Income | $1.7B | $1.7B | $1.5B | 2.7% | 15.8% |
| Gross Margin | 87.4% | 88.1% | 87.4% | -0.7pp | -0.0pp |
| Net Margin | 29.4% | 28.7% | 26.0% | 0.7pp | 3.4pp |
| EPS (Diluted) | $3.23 | $3.05 | $2.52 | 5.9% | 28.2% |
| Free Cash Flow | $1.6B | $1.8B | $2.2B | -13.0% | -30.6% |
| Item | Amount |
|---|---|
| REVENUE | $5.0B |
| Cost of Revenue | $634M |
| GROSS PROFIT | $4.4B |
| R&D Expenses | $889M |
| Selling & Marketing | $1.4B |
| General & Administrative | $372M |
| SG&A Expenses | $1.7B |
| Other Expenses | $42M |
| Operating Expenses | $2.7B |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $1.7B |
| Interest Income | $269M |
| Interest Expense | $28M |
| Other Income/Expenses | $65M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $325M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $240M |
| EBIT | $1.8B |
| EBITDA | $2.1B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $5.0B |
| Cost of Revenue | $634M |
| GROSS PROFIT | $4.4B |
| R&D Expenses | $889M |
| Selling & Marketing | $1.4B |
| General & Administrative | $372M |
| SG&A Expenses | $1.7B |
| Other Expenses | $42M |
| Operating Expenses | $2.7B |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $1.7B |
| Interest Income | $269M |
| Interest Expense | $28M |
| Other Income/Expenses | $65M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $325M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $240M |
| EBIT | $1.8B |
| EBITDA | $2.1B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.5B |
| Depreciation & Amortization | $222M |
| Stock-Based Compensation | $427M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$129M |
| Change in Working Capital | -$403M |
| OPERATING CASH FLOW | $1.6B |
| Capital Expenditure | -$47M |
| Acquisitions (Net) | -$200M |
| Purchases of Investments | -$19M |
| Sales/Maturities of Investments | $219M |
| Other Investing Activities | $200M |
| NET CASH FROM INVESTING | $153M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.0B |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$217M |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $1.6B |
| Net Change in Cash | $540M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.1B |
| Short-Term Investments | $701M |
| Net Receivables | $2.2B |
| Inventory | $0 |
| Other Current Assets | $1.0B |
| TOTAL CURRENT ASSETS | $11.1B |
| PP&E (Net) | $2.4B |
| Goodwill | $12.8B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $0 |
| Tax Assets | $1.2B |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $18.7B |
| TOTAL ASSETS | $29.8B |
| Account Payables | $314M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5.8B |
| Other Current Liabilities | $696M |
| TOTAL CURRENT LIABILITIES | $8.3B |
| Long-Term Debt | $3.6B |
| Deferred Revenue NC | $113M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $890M |
| TOTAL NON-CURRENT LIABILITIES | $5.0B |
| TOTAL LIABILITIES | $13.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $11.6B |
| Retained Earnings | $33.3B |
| Treasury Stock | -$28.1B |
| Accum. Other Comp. Income | -$285M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $16.5B |
| TOTAL LIABILITIES & EQUITY | $29.8B |
| Total Debt | $4.1B |
| Net Debt | -$3.1B |
