| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.7B | $3.5B | $3.2B | 5.6% | 14.9% |
| Op. Income | $558M | $558M | $449M | 0.0% | 24.3% |
| Gross Margin | 62.1% | 61.4% | 60.3% | 0.6pp | 1.8pp |
| Net Margin | 13.5% | 14.3% | 4.3% | -0.8pp | 9.2pp |
| EPS (Diluted) | $0.34 | $0.34 | $0.09 | -0.3% | 290.5% |
| Free Cash Flow | $690M | $492M | $607M | 40.2% | 13.7% |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $363M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.4B |
| Other Expenses | $12M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $558M |
| Interest Income | $22M |
| Interest Expense | $67M |
| Other Income/Expenses | -$53M |
| INCOME BEFORE TAX | $505M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $504M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $504M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $504M |
| D&A | $313M |
| EBIT | $572M |
| EBITDA | $885M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $363M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.4B |
| Other Expenses | $12M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $558M |
| Interest Income | $22M |
| Interest Expense | $67M |
| Other Income/Expenses | -$53M |
| INCOME BEFORE TAX | $505M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $504M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $504M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $504M |
| D&A | $313M |
| EBIT | $572M |
| EBITDA | $885M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $504M |
| Depreciation & Amortization | $313M |
| Stock-Based Compensation | $59M |
| Deferred Income Tax | $73M |
| Other Non-Cash Items | $65M |
| Change in Working Capital | -$57M |
| OPERATING CASH FLOW | $957M |
| Capital Expenditure | -$267M |
| Acquisitions (Net) | -$793M |
| Purchases of Investments | -$28M |
| Sales/Maturities of Investments | $28M |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | $690M |
| Net Change in Cash | -$77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $865M |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $2.5B |
| Other Current Assets | $622M |
| TOTAL CURRENT ASSETS | $6.5B |
| PP&E (Net) | $3.3B |
| Goodwill | $14.4B |
| Intangible Assets | $6.0B |
| Long-Term Investments | $413M |
| Tax Assets | $3.8B |
| Other Non-Current Assets | $679M |
| TOTAL NON-CURRENT ASSETS | $28.6B |
| TOTAL ASSETS | $35.1B |
| Account Payables | $942M |
| Short-Term Debt | $531M |
| Deferred Revenue | $266M |
| Other Current Liabilities | $1.9B |
| TOTAL CURRENT LIABILITIES | $4.9B |
| Long-Term Debt | $8.6B |
| Deferred Revenue NC | $311M |
| Deferred Tax Liabilities | $134M |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $10.7B |
| TOTAL LIABILITIES | $15.6B |
| Common Stock | $17M |
| Additional Paid-In Capital | $20.6B |
| Retained Earnings | $819M |
| Treasury Stock | -$2.3B |
| Accum. Other Comp. Income | $49M |
| Other Equity | $1M |
| TOTAL STOCKHOLDERS' EQUITY | $19.3B |
| Minority Interest | $248M |
| TOTAL EQUITY | $19.5B |
| TOTAL LIABILITIES & EQUITY | $35.1B |
| Total Debt | $9.5B |
| Net Debt | $8.6B |
