| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $957M | $960M | $902M | -0.4% | 6.1% |
| Op. Income | $172M | $166M | $113M | 3.1% | 52.3% |
| Gross Margin | 70.0% | 69.1% | 68.5% | 0.9pp | 1.5pp |
| Net Margin | 13.0% | 12.6% | 4.6% | 0.3pp | 8.3pp |
| EPS (Diluted) | $1.64 | $1.58 | $0.54 | 3.8% | 203.7% |
| Free Cash Flow | $13M | $266M | $92M | -94.9% | -85.3% |
| Item | Amount |
|---|---|
| REVENUE | $957M |
| Cost of Revenue | $287M |
| GROSS PROFIT | $670M |
| R&D Expenses | $82M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $403M |
| Other Expenses | $13M |
| Operating Expenses | $498M |
| Cost & Expenses | $785M |
| OPERATING INCOME | $172M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $173M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $124M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $124M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $124M |
| D&A | $34M |
| EBIT | $185M |
| EBITDA | $219M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $957M |
| Cost of Revenue | $287M |
| GROSS PROFIT | $670M |
| R&D Expenses | $82M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $403M |
| Other Expenses | $13M |
| Operating Expenses | $498M |
| Cost & Expenses | $785M |
| OPERATING INCOME | $172M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $173M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $124M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $124M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $124M |
| D&A | $34M |
| EBIT | $185M |
| EBITDA | $219M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $124M |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | $39M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$169M |
| OPERATING CASH FLOW | $47M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | $77M |
| Purchases of Investments | -$537.0K |
| Sales/Maturities of Investments | $20M |
| Other Investing Activities | -$77M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$300M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$50M |
| NET CASH FROM FINANCING | -$350M |
| FREE CASH FLOW | $13M |
| Net Change in Cash | -$301M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $937M |
| Short-Term Investments | $35M |
| Net Receivables | $1.0B |
| Inventory | $297M |
| Other Current Assets | $77M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $1.4B |
| Goodwill | $420M |
| Intangible Assets | $82M |
| Long-Term Investments | $8M |
| Tax Assets | $1.6B |
| Other Non-Current Assets | $129M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $6.1B |
| Account Payables | $113M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.4B |
| Other Current Liabilities | $237M |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $290M |
| TOTAL NON-CURRENT LIABILITIES | $387M |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $2.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.6B |
| TOTAL LIABILITIES & EQUITY | $6.1B |
| Total Debt | $127M |
| Net Debt | -$811M |
