| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $2.1B | $1.9B | -4.0% | 3.1% |
| Op. Income | $2.0B | $2.1B | $406M | -5.7% | 380.8% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | 13.2% | 8.6% | 14.3% | 4.7pp | -1.1pp |
| EPS (Diluted) | $3.14 | $2.09 | $3.24 | 50.2% | -3.1% |
| Free Cash Flow | $724M | $689M | $96M | 5.1% | 654.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $36M |
| Operating Expenses | $36M |
| Cost & Expenses | $36M |
| OPERATING INCOME | $2.0B |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$1.6B |
| INCOME BEFORE TAX | $335M |
| Income Tax Expense | $72M |
| Net Income from Continuing Ops | $263M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $263M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $263M |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | $0 |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $36M |
| Operating Expenses | $36M |
| Cost & Expenses | $36M |
| OPERATING INCOME | $2.0B |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$1.6B |
| INCOME BEFORE TAX | $335M |
| Income Tax Expense | $72M |
| Net Income from Continuing Ops | $263M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $263M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $263M |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | $0 |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $263M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$40M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $508M |
| OPERATING CASH FLOW | $756M |
| Capital Expenditure | -$32M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | -$871M |
| Sales/Maturities of Investments | $857M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$45M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$60M |
| Common Dividends Paid | -$61M |
| Other Financing Activities | -$465M |
| NET CASH FROM FINANCING | -$707M |
| FREE CASH FLOW | $724M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $1.2B |
| Inventory | $0 |
| Other Current Assets | $2.0B |
| TOTAL CURRENT ASSETS | $4.4B |
| PP&E (Net) | $176M |
| Goodwill | $305M |
| Intangible Assets | $522M |
| Long-Term Investments | $1.9B |
| Tax Assets | $403M |
| Other Non-Current Assets | $16.9B |
| TOTAL NON-CURRENT ASSETS | $20.2B |
| TOTAL ASSETS | $24.6B |
| Account Payables | $1.2B |
| Short-Term Debt | $37M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8.6B |
| TOTAL CURRENT LIABILITIES | $9.8B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $24.0B |
| TOTAL NON-CURRENT LIABILITIES | $25.5B |
| TOTAL LIABILITIES | $20.4B |
| Common Stock | $84M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $3.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$319M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.3B |
| TOTAL LIABILITIES & EQUITY | $24.6B |
| Total Debt | $1.7B |
| Net Debt | $448M |
