| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.2B | $6.9B | $6.8B | 18.7% | 19.8% |
| Op. Income | $1.3B | $2.0B | $2.2B | -37.1% | -43.0% |
| Gross Margin | 62.0% | 73.8% | 74.5% | -11.8pp | -12.4pp |
| Net Margin | 9.4% | 25.1% | 23.6% | -15.7pp | -14.3pp |
| EPS (Diluted) | $1.42 | $3.22 | $3.00 | -55.9% | -52.7% |
| Free Cash Flow | $289M | $2.5B | $2.3B | -88.5% | -87.5% |
| Item | Amount |
|---|---|
| REVENUE | $8.2B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $5.1B |
| R&D Expenses | $1.5B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.3B |
| Other Expenses | $5M |
| Operating Expenses | $3.8B |
| Cost & Expenses | $6.9B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $821M |
| Other Income/Expenses | -$419M |
| INCOME BEFORE TAX | $852M |
| Income Tax Expense | $85M |
| Net Income from Continuing Ops | $767M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $767M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $767M |
| D&A | $1.4B |
| EBIT | $1.7B |
| EBITDA | $3.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $8.2B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $5.1B |
| R&D Expenses | $1.5B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.3B |
| Other Expenses | $5M |
| Operating Expenses | $3.8B |
| Cost & Expenses | $6.9B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $821M |
| Other Income/Expenses | -$419M |
| INCOME BEFORE TAX | $852M |
| Income Tax Expense | $85M |
| Net Income from Continuing Ops | $767M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $767M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $767M |
| D&A | $1.4B |
| EBIT | $1.7B |
| EBITDA | $3.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $767M |
| Depreciation & Amortization | $1.4B |
| Stock-Based Compensation | $473M |
| Deferred Income Tax | -$623M |
| Other Non-Cash Items | -$561M |
| Change in Working Capital | -$898M |
| OPERATING CASH FLOW | $538M |
| Capital Expenditure | -$249M |
| Acquisitions (Net) | -$27.0B |
| Purchases of Investments | $27.0B |
| Sales/Maturities of Investments | -$2M |
| Other Investing Activities | -$26.8B |
| NET CASH FROM INVESTING | -$27.1B |
| Net Debt Issuance | $4.0B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.1B |
| Other Financing Activities | -$102M |
| NET CASH FROM FINANCING | $2.8B |
| FREE CASH FLOW | $289M |
| Net Change in Cash | -$23.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.9B |
| Short-Term Investments | $0 |
| Net Receivables | $7.9B |
| Inventory | $9.5B |
| Other Current Assets | $281M |
| TOTAL CURRENT ASSETS | $30.3B |
| PP&E (Net) | $5.9B |
| Goodwill | $18.6B |
| Intangible Assets | $32.6B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9.6B |
| TOTAL NON-CURRENT ASSETS | $66.8B |
| TOTAL ASSETS | $97.2B |
| Account Payables | $1.6B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $18.4B |
| Long-Term Debt | $63.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.4B |
| Other Non-Current Liabilities | $7.0B |
| TOTAL NON-CURRENT LIABILITIES | $72.5B |
| TOTAL LIABILITIES | $90.9B |
| Common Stock | $33.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$26.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$289M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.2B |
| TOTAL LIABILITIES & EQUITY | $97.2B |
| Total Debt | $64.6B |
| Net Debt | $53.7B |
