| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17.7B | $17.2B | $15.1B | 3.3% | 17.1% |
| Op. Income | $2.5B | $3.1B | $1.9B | -19.0% | 34.3% |
| Gross Margin | 80.9% | 82.4% | 85.3% | -1.4pp | -4.3pp |
| Net Margin | 10.9% | 14.3% | 10.4% | -3.4pp | 0.5pp |
| EPS (Diluted) | $2.62 | $3.30 | $2.07 | -20.6% | 26.6% |
| Free Cash Flow | $6.3B | $7.8B | $7.9B | -19.1% | -19.9% |
| Item | Amount |
|---|---|
| REVENUE | $17.7B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $14.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.2B |
| General & Administrative | $2.1B |
| SG&A Expenses | $3.4B |
| Other Expenses | $8.5B |
| Operating Expenses | $11.8B |
| Cost & Expenses | $15.2B |
| OPERATING INCOME | $2.5B |
| Interest Income | $5.6B |
| Interest Expense | $1.9B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.5B |
| Income Tax Expense | $579M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $422M |
| EBIT | $2.5B |
| EBITDA | $2.9B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $17.7B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $14.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.2B |
| General & Administrative | $2.1B |
| SG&A Expenses | $3.4B |
| Other Expenses | $8.5B |
| Operating Expenses | $11.8B |
| Cost & Expenses | $15.2B |
| OPERATING INCOME | $2.5B |
| Interest Income | $5.6B |
| Interest Expense | $1.9B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.5B |
| Income Tax Expense | $579M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $422M |
| EBIT | $2.5B |
| EBITDA | $2.9B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.9B |
| Depreciation & Amortization | $422M |
| Stock-Based Compensation | $109M |
| Deferred Income Tax | -$102M |
| Other Non-Cash Items | $1.7B |
| Change in Working Capital | $2.7B |
| OPERATING CASH FLOW | $6.8B |
| Capital Expenditure | -$426M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$399M |
| Sales/Maturities of Investments | $2.3B |
| Other Investing Activities | -$9.7B |
| NET CASH FROM INVESTING | -$8.2B |
| Net Debt Issuance | $719M |
| Common Stock Repurchased | -$901M |
| Common Dividends Paid | -$454M |
| Other Financing Activities | $4.7B |
| NET CASH FROM FINANCING | $4.1B |
| FREE CASH FLOW | $6.3B |
| Net Change in Cash | $2.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $46.5B |
| Short-Term Investments | $2.1B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $48.6B |
| PP&E (Net) | $5.9B |
| Goodwill | $3.9B |
| Intangible Assets | $98M |
| Long-Term Investments | $193.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $9.0B |
| TOTAL NON-CURRENT ASSETS | $212.5B |
| TOTAL ASSETS | $261.1B |
| Account Payables | $13.1B |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $129.1B |
| TOTAL CURRENT LIABILITIES | $145.6B |
| Long-Term Debt | $47.9B |
| Deferred Revenue NC | $3.4B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $36.1B |
| TOTAL NON-CURRENT LIABILITIES | $87.4B |
| TOTAL LIABILITIES | $233.1B |
| Common Stock | $145M |
| Additional Paid-In Capital | $11.4B |
| Retained Earnings | $19.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $28.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $28.1B |
| TOTAL LIABILITIES & EQUITY | $261.1B |
| Total Debt | $49.2B |
| Net Debt | $2.6B |
