| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.3B | $3.2B | $3.2B | 4.0% | 2.7% |
| Op. Income | $706M | $667M | $676M | 5.9% | 4.5% |
| Gross Margin | 33.1% | 32.8% | 32.0% | 0.3pp | 1.0pp |
| Net Margin | 15.5% | 16.1% | 15.7% | -0.6pp | -0.2pp |
| EPS (Diluted) | $0.42 | $0.42 | $0.41 | 0.0% | 2.4% |
| Free Cash Flow | $737M | $543M | $612M | 35.6% | 20.5% |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $394M |
| Other Expenses | $0 |
| Operating Expenses | $394M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $706M |
| Interest Income | $0 |
| Interest Expense | $35M |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | $666M |
| Income Tax Expense | $146M |
| Net Income from Continuing Ops | $519M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $514M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $515M |
| D&A | $115M |
| EBIT | $701M |
| EBITDA | $816M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $394M |
| Other Expenses | $0 |
| Operating Expenses | $394M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $706M |
| Interest Income | $0 |
| Interest Expense | $35M |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | $666M |
| Income Tax Expense | $146M |
| Net Income from Continuing Ops | $519M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $514M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $515M |
| D&A | $115M |
| EBIT | $701M |
| EBITDA | $816M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $514M |
| Depreciation & Amortization | $115M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | -$52M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $233M |
| OPERATING CASH FLOW | $842M |
| Capital Expenditure | -$105M |
| Acquisitions (Net) | -$678M |
| Purchases of Investments | -$87M |
| Sales/Maturities of Investments | $179M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$689M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$115M |
| Common Dividends Paid | -$126M |
| Other Financing Activities | -$16M |
| NET CASH FROM FINANCING | -$190M |
| FREE CASH FLOW | $737M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $185M |
| Net Receivables | $2.6B |
| Inventory | $2.2B |
| Other Current Assets | $390M |
| TOTAL CURRENT ASSETS | $6.8B |
| PP&E (Net) | $1.6B |
| Goodwill | $7.1B |
| Intangible Assets | $835M |
| Long-Term Investments | $400.0K |
| Tax Assets | $99M |
| Other Non-Current Assets | $49M |
| TOTAL NON-CURRENT ASSETS | $9.7B |
| TOTAL ASSETS | $16.5B |
| Account Payables | $1.4B |
| Short-Term Debt | $445M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $778M |
| TOTAL CURRENT LIABILITIES | $3.2B |
| Long-Term Debt | $4.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $367M |
| Other Non-Current Liabilities | $385M |
| TOTAL NON-CURRENT LIABILITIES | $4.9B |
| TOTAL LIABILITIES | $8.1B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | $5.9B |
| Treasury Stock | -$143M |
| Accum. Other Comp. Income | -$534M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.3B |
| Minority Interest | $80M |
| TOTAL EQUITY | $8.4B |
| TOTAL LIABILITIES & EQUITY | $16.5B |
| Total Debt | $4.6B |
| Net Debt | $3.2B |
