| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | $1.3B | 2.1% | 20.8% |
| Op. Income | $640M | $603M | $469M | 6.2% | 36.5% |
| Gross Margin | 64.9% | 62.4% | 60.3% | 2.4pp | 4.6pp |
| Net Margin | 39.8% | 36.1% | 33.5% | 3.7pp | 6.4pp |
| EPS (Diluted) | $0.48 | $0.43 | $0.34 | 11.6% | 41.2% |
| Free Cash Flow | $520M | $688M | $30M | -24.3% | 1634.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $541M |
| GROSS PROFIT | $999M |
| R&D Expenses | $211M |
| Selling & Marketing | $106M |
| General & Administrative | $42M |
| SG&A Expenses | $148M |
| Other Expenses | $0 |
| Operating Expenses | $359M |
| Cost & Expenses | $901M |
| OPERATING INCOME | $640M |
| Interest Income | $54M |
| Interest Expense | $0 |
| Other Income/Expenses | $54M |
| INCOME BEFORE TAX | $694M |
| Income Tax Expense | $81M |
| Net Income from Continuing Ops | $614M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $614M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $614M |
| D&A | $14M |
| EBIT | $640M |
| EBITDA | $654M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $541M |
| GROSS PROFIT | $999M |
| R&D Expenses | $211M |
| Selling & Marketing | $106M |
| General & Administrative | $42M |
| SG&A Expenses | $148M |
| Other Expenses | $0 |
| Operating Expenses | $359M |
| Cost & Expenses | $901M |
| OPERATING INCOME | $640M |
| Interest Income | $54M |
| Interest Expense | $0 |
| Other Income/Expenses | $54M |
| INCOME BEFORE TAX | $694M |
| Income Tax Expense | $81M |
| Net Income from Continuing Ops | $614M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $614M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $614M |
| D&A | $14M |
| EBIT | $640M |
| EBITDA | $654M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $614M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $81M |
| Deferred Income Tax | -$153M |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | $526M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$672M |
| Sales/Maturities of Investments | $341M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$337M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $520M |
| Net Change in Cash | $190M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $3.1B |
| Net Receivables | $1.0B |
| Inventory | $1.9B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $8.4B |
| PP&E (Net) | $102M |
| Goodwill | $269M |
| Intangible Assets | $89M |
| Long-Term Investments | $0 |
| Tax Assets | $946M |
| Other Non-Current Assets | $152M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $10.0B |
| Account Payables | $435M |
| Short-Term Debt | $0 |
| Deferred Revenue | $915M |
| Other Current Liabilities | $296M |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $591M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $227M |
| TOTAL NON-CURRENT LIABILITIES | $818M |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $125.0K |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | $5.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.2B |
| TOTAL LIABILITIES & EQUITY | $10.0B |
| Total Debt | $0 |
| Net Debt | -$1.9B |
