| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | $2.8B | $2.7B | 7.5% | 12.5% |
| Op. Income | $227M | $229M | $96M | -1.0% | 135.3% |
| Gross Margin | 79.9% | 76.8% | 77.4% | 3.2pp | 2.5pp |
| Net Margin | 6.1% | 6.9% | 2.6% | -0.7pp | 3.6pp |
| EPS (Diluted) | $3.42 | $3.54 | $1.27 | -3.4% | 169.3% |
| Free Cash Flow | $308M | $280M | $225M | 10.1% | 37.2% |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $599M |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $2.2B |
| Operating Expenses | $2.2B |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $227M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $227M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $183M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $183M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $183M |
| D&A | $55M |
| EBIT | $253M |
| EBITDA | $309M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $599M |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $2.2B |
| Operating Expenses | $2.2B |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $227M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $227M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $183M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $183M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $183M |
| D&A | $55M |
| EBIT | $253M |
| EBITDA | $309M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $183M |
| Depreciation & Amortization | $55M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | -$39M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $130M |
| OPERATING CASH FLOW | $363M |
| Capital Expenditure | -$54M |
| Acquisitions (Net) | -$6M |
| Purchases of Investments | -$630M |
| Sales/Maturities of Investments | $692M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$126M |
| Common Dividends Paid | -$39M |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$162M |
| FREE CASH FLOW | $308M |
| Net Change in Cash | $202M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $2.1B |
| Net Receivables | $8.9B |
| Inventory | $0 |
| Other Current Assets | -$12.6B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $686M |
| Goodwill | $2.6B |
| Intangible Assets | $651M |
| Long-Term Investments | $7.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$11.3B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $33.6B |
| Account Payables | $2.4B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$3.0B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$2.1B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $28.8B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $4.0B |
| Treasury Stock | -$123M |
| Accum. Other Comp. Income | -$765M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.8B |
| TOTAL LIABILITIES & EQUITY | $33.6B |
| Total Debt | $2.1B |
| Net Debt | $453M |
