| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17.1B | $16.8B | $16.6B | 1.5% | 2.8% |
| Op. Income | $3.1B | $3.4B | $1.7B | -9.1% | 86.5% |
| Gross Margin | 33.8% | 35.4% | 28.9% | -1.6pp | 4.9pp |
| Net Margin | 15.7% | 16.6% | 8.8% | -0.9pp | 6.9pp |
| EPS (Diluted) | $5.28 | $5.45 | $2.79 | -3.1% | 89.2% |
| Free Cash Flow | $3.1B | $3.3B | $2.0B | -4.0% | 55.0% |
| Item | Amount |
|---|---|
| REVENUE | $17.1B |
| Cost of Revenue | $11.3B |
| GROSS PROFIT | $5.8B |
| R&D Expenses | $554M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.8B |
| Other Expenses | $322M |
| Operating Expenses | $2.6B |
| Cost & Expenses | $13.9B |
| OPERATING INCOME | $3.1B |
| Interest Income | $170M |
| Interest Expense | $126M |
| Other Income/Expenses | $126M |
| INCOME BEFORE TAX | $3.3B |
| Income Tax Expense | $587M |
| Net Income from Continuing Ops | $2.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.7B |
| D&A | $545M |
| EBIT | $3.4B |
| EBITDA | $3.9B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $17.1B |
| Cost of Revenue | $11.3B |
| GROSS PROFIT | $5.8B |
| R&D Expenses | $554M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.8B |
| Other Expenses | $322M |
| Operating Expenses | $2.6B |
| Cost & Expenses | $13.9B |
| OPERATING INCOME | $3.1B |
| Interest Income | $170M |
| Interest Expense | $126M |
| Other Income/Expenses | $126M |
| INCOME BEFORE TAX | $3.3B |
| Income Tax Expense | $587M |
| Net Income from Continuing Ops | $2.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.7B |
| D&A | $545M |
| EBIT | $3.4B |
| EBITDA | $3.9B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $2.7B |
| Depreciation & Amortization | $545M |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | -$144M |
| Other Non-Cash Items | $43M |
| Change in Working Capital | $856M |
| OPERATING CASH FLOW | $4.0B |
| Capital Expenditure | -$854M |
| Acquisitions (Net) | $10M |
| Purchases of Investments | -$724M |
| Sales/Maturities of Investments | $1.1B |
| Other Investing Activities | -$130M |
| NET CASH FROM INVESTING | -$554M |
| Net Debt Issuance | $419M |
| Common Stock Repurchased | -$2.8B |
| Common Dividends Paid | -$662M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3.0B |
| FREE CASH FLOW | $3.1B |
| Net Change in Cash | $425M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.0B |
| Short-Term Investments | $0 |
| Net Receivables | $18.8B |
| Inventory | $16.6B |
| Other Current Assets | $4.6B |
| TOTAL CURRENT ASSETS | $46.9B |
| PP&E (Net) | $12.7B |
| Goodwill | $5.3B |
| Intangible Assets | $564M |
| Long-Term Investments | $0 |
| Tax Assets | $2.8B |
| Other Non-Current Assets | $19.2B |
| TOTAL NON-CURRENT ASSETS | $40.5B |
| TOTAL ASSETS | $87.5B |
| Account Payables | $7.9B |
| Short-Term Debt | $13.4B |
| Deferred Revenue | $1.9B |
| Other Current Liabilities | $3.1B |
| TOTAL CURRENT LIABILITIES | $34.7B |
| Long-Term Debt | $24.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8.8B |
| TOTAL NON-CURRENT LIABILITIES | $33.2B |
| TOTAL LIABILITIES | $68.0B |
| Common Stock | $6.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $51.3B |
| Treasury Stock | -$36.3B |
| Accum. Other Comp. Income | -$1.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $19.5B |
| Minority Interest | $9M |
| TOTAL EQUITY | $19.5B |
| TOTAL LIABILITIES & EQUITY | $87.5B |
| Total Debt | $37.9B |
| Net Debt | $30.9B |
