| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.3B | — | $1.6B | — | 49.5% |
| Op. Income | $478M | — | $155M | — | 208.4% |
| Gross Margin | 100.0% | — | 100.0% | — | 0.0pp |
| Net Margin | 19.6% | — | 9.0% | — | 10.6pp |
| EPS (Diluted) | $3.13 | — | $2.87 | — | 9.1% |
| Free Cash Flow | $418M | — | -$280M | — | 249.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.8B |
| Operating Expenses | $1.8B |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $478M |
| Interest Income | $0 |
| Interest Expense | $318M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $478M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $453M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $455M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $422M |
| D&A | $22M |
| EBIT | $796M |
| EBITDA | $818M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.8B |
| Operating Expenses | $1.8B |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $478M |
| Interest Income | $0 |
| Interest Expense | $318M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $478M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $453M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $455M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $422M |
| D&A | $22M |
| EBIT | $796M |
| EBITDA | $818M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $453M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $45M |
| Other Non-Cash Items | -$387M |
| Change in Working Capital | $420M |
| OPERATING CASH FLOW | $553M |
| Capital Expenditure | -$135M |
| Acquisitions (Net) | -$274M |
| Purchases of Investments | -$8.8B |
| Sales/Maturities of Investments | $9.4B |
| Other Investing Activities | -$403M |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | $382M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$2M |
| Other Financing Activities | -$38M |
| NET CASH FROM FINANCING | $340M |
| FREE CASH FLOW | $418M |
| Net Change in Cash | $860M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.3B |
| Short-Term Investments | $21.9B |
| Net Receivables | $1.1B |
| Inventory | $0 |
| Other Current Assets | -$27.3B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $294M |
| Goodwill | $121M |
| Intangible Assets | $235M |
| Long-Term Investments | $25.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$26.2B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $61.6B |
| Account Payables | $0 |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$1.8B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$2.5B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $52.8B |
| Common Stock | $5.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $945M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$120M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.7B |
| Minority Interest | $146M |
| TOTAL EQUITY | $8.8B |
| TOTAL LIABILITIES & EQUITY | $61.6B |
| Total Debt | $3.7B |
| Net Debt | -$565M |
