| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $693M | $667M | $610M | 3.9% | 13.5% |
| Op. Income | $121M | $187M | $220M | -35.4% | -45.1% |
| Gross Margin | 70.1% | 72.0% | 82.1% | -1.9pp | -12.0pp |
| Net Margin | 14.8% | 23.3% | 31.3% | -8.5pp | -16.5pp |
| EPS (Diluted) | $1.55 | $2.37 | $2.90 | -34.6% | -46.6% |
| Free Cash Flow | -$124M | $206M | $136M | -160.0% | -191.0% |
| Item | Amount |
|---|---|
| REVENUE | $693M |
| Cost of Revenue | $207M |
| GROSS PROFIT | $486M |
| R&D Expenses | $0 |
| Selling & Marketing | $49M |
| General & Administrative | $233M |
| SG&A Expenses | $281M |
| Other Expenses | $84M |
| Operating Expenses | $365M |
| Cost & Expenses | $572M |
| OPERATING INCOME | $121M |
| Interest Income | $579M |
| Interest Expense | $191M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $121M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $103M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $103M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $100M |
| D&A | $20M |
| EBIT | $121M |
| EBITDA | $141M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $693M |
| Cost of Revenue | $207M |
| GROSS PROFIT | $486M |
| R&D Expenses | $0 |
| Selling & Marketing | $49M |
| General & Administrative | $233M |
| SG&A Expenses | $281M |
| Other Expenses | $84M |
| Operating Expenses | $365M |
| Cost & Expenses | $572M |
| OPERATING INCOME | $121M |
| Interest Income | $579M |
| Interest Expense | $191M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $121M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $103M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $103M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $100M |
| D&A | $20M |
| EBIT | $121M |
| EBITDA | $141M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $103M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $25M |
| Change in Working Capital | -$231M |
| OPERATING CASH FLOW | -$83M |
| Capital Expenditure | -$41M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5.7B |
| Sales/Maturities of Investments | $6.0B |
| Other Investing Activities | -$430M |
| NET CASH FROM INVESTING | -$112M |
| Net Debt Issuance | $393M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$60M |
| Other Financing Activities | $935M |
| NET CASH FROM FINANCING | $1.3B |
| FREE CASH FLOW | -$124M |
| Net Change in Cash | $1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.6B |
| Short-Term Investments | $16.6B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $25.2B |
| PP&E (Net) | $1.2B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $22.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.3B |
| TOTAL NON-CURRENT ASSETS | $25.7B |
| TOTAL ASSETS | $50.8B |
| Account Payables | $0 |
| Short-Term Debt | $4.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $41.9B |
| TOTAL CURRENT LIABILITIES | $46.1B |
| Long-Term Debt | $223M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $844M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $47.1B |
| Common Stock | $644.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $3.7B |
| Treasury Stock | -$24M |
| Accum. Other Comp. Income | -$1.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $50.8B |
| Total Debt | $4.4B |
| Net Debt | -$4.2B |
