| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.3B | $8.9B | $8.9B | 4.7% | 4.1% |
| Op. Income | $4.2B | $3.9B | $4.0B | 10.0% | 6.4% |
| Gross Margin | 68.9% | 69.4% | 66.4% | -0.5pp | 2.6pp |
| Net Margin | 37.9% | 37.2% | 37.6% | 0.7pp | 0.3pp |
| EPS (Diluted) | $0.83 | $0.77 | $0.77 | 7.8% | 7.8% |
| Free Cash Flow | $4.7B | $4.6B | $4.5B | 2.7% | 5.9% |
| Item | Amount |
|---|---|
| REVENUE | $9.3B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $6.4B |
| R&D Expenses | $1.4B |
| Selling & Marketing | $0 |
| General & Administrative | $418M |
| SG&A Expenses | $418M |
| Other Expenses | $348M |
| Operating Expenses | $2.2B |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $4.2B |
| Interest Income | $0 |
| Interest Expense | $405M |
| Other Income/Expenses | -$273M |
| INCOME BEFORE TAX | $4.0B |
| Income Tax Expense | $443M |
| Net Income from Continuing Ops | $3.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.5B |
| D&A | $932M |
| EBIT | $4.4B |
| EBITDA | $5.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $9.3B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $6.4B |
| R&D Expenses | $1.4B |
| Selling & Marketing | $0 |
| General & Administrative | $418M |
| SG&A Expenses | $418M |
| Other Expenses | $348M |
| Operating Expenses | $2.2B |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $4.2B |
| Interest Income | $0 |
| Interest Expense | $405M |
| Other Income/Expenses | -$273M |
| INCOME BEFORE TAX | $4.0B |
| Income Tax Expense | $443M |
| Net Income from Continuing Ops | $3.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.5B |
| D&A | $932M |
| EBIT | $4.4B |
| EBITDA | $5.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3.5B |
| Depreciation & Amortization | $932M |
| Stock-Based Compensation | $638M |
| Deferred Income Tax | $639M |
| Other Non-Cash Items | $61M |
| Change in Working Capital | -$966M |
| OPERATING CASH FLOW | $4.8B |
| Capital Expenditure | -$105M |
| Acquisitions (Net) | -$36M |
| Purchases of Investments | -$58M |
| Sales/Maturities of Investments | $154M |
| Other Investing Activities | -$79M |
| NET CASH FROM INVESTING | -$124M |
| Net Debt Issuance | -$143M |
| Common Stock Repurchased | -$577M |
| Common Dividends Paid | -$1.9B |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$2.6B |
| FREE CASH FLOW | $4.7B |
| Net Change in Cash | $2.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14.2B |
| Short-Term Investments | $0 |
| Net Receivables | $3.7B |
| Inventory | $1.9B |
| Other Current Assets | $364M |
| TOTAL CURRENT ASSETS | $20.8B |
| PP&E (Net) | $2.2B |
| Goodwill | $43.7B |
| Intangible Assets | $3.9B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.3B |
| TOTAL NON-CURRENT ASSETS | $52.0B |
| TOTAL ASSETS | $72.9B |
| Account Payables | $1.2B |
| Short-Term Debt | $1.6B |
| Deferred Revenue | $2.5B |
| Other Current Liabilities | $252M |
| TOTAL CURRENT LIABILITIES | $7.4B |
| Long-Term Debt | $37.6B |
| Deferred Revenue NC | $299M |
| Deferred Tax Liabilities | -$299M |
| Other Non-Current Liabilities | $3.5B |
| TOTAL NON-CURRENT LIABILITIES | $41.5B |
| TOTAL LIABILITIES | $48.9B |
| Common Stock | $0 |
| Additional Paid-In Capital | $21.1B |
| Retained Earnings | $2.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $207M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $24.0B |
| TOTAL LIABILITIES & EQUITY | $72.9B |
| Total Debt | $39.6B |
| Net Debt | $25.5B |
