| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $664M | $596M | $639M | 11.3% | 3.9% |
| Op. Income | $252M | $226M | $254M | 11.4% | -0.9% |
| Gross Margin | 87.7% | 88.7% | 86.9% | -1.0pp | 0.8pp |
| Net Margin | 37.6% | 34.4% | 42.3% | 3.2pp | -4.7pp |
| EPS (Diluted) | $2.15 | $1.75 | $2.20 | 22.9% | -2.3% |
| Free Cash Flow | $234M | $216M | $242M | 8.4% | -3.2% |
| Item | Amount |
|---|---|
| REVENUE | $664M |
| Cost of Revenue | $82M |
| GROSS PROFIT | $582M |
| R&D Expenses | $100M |
| Selling & Marketing | $201M |
| General & Administrative | $30M |
| SG&A Expenses | $230M |
| Other Expenses | $0 |
| Operating Expenses | $330M |
| Cost & Expenses | $412M |
| OPERATING INCOME | $252M |
| Interest Income | $34M |
| Interest Expense | $2M |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $270M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $249M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $249M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $249M |
| D&A | $19M |
| EBIT | $252M |
| EBITDA | $271M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $664M |
| Cost of Revenue | $82M |
| GROSS PROFIT | $582M |
| R&D Expenses | $100M |
| Selling & Marketing | $201M |
| General & Administrative | $30M |
| SG&A Expenses | $230M |
| Other Expenses | $0 |
| Operating Expenses | $330M |
| Cost & Expenses | $412M |
| OPERATING INCOME | $252M |
| Interest Income | $34M |
| Interest Expense | $2M |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $270M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $249M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $249M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $249M |
| D&A | $19M |
| EBIT | $252M |
| EBITDA | $271M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $249M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $40M |
| Deferred Income Tax | -$19M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$54M |
| OPERATING CASH FLOW | $239M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $946M |
| NET CASH FROM INVESTING | $938M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$313M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $15M |
| NET CASH FROM FINANCING | -$298M |
| FREE CASH FLOW | $234M |
| Net Change in Cash | -$2.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $538M |
| Short-Term Investments | $992M |
| Net Receivables | $658M |
| Inventory | $0 |
| Other Current Assets | $37M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $80M |
| Goodwill | $1.6B |
| Intangible Assets | $194M |
| Long-Term Investments | $1.4B |
| Tax Assets | $82M |
| Other Non-Current Assets | $97M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $5.7B |
| Account Payables | $48M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.4B |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $494M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $465M |
| TOTAL NON-CURRENT LIABILITIES | $958M |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $800.0K |
| Additional Paid-In Capital | $2.7B |
| Retained Earnings | $13.2B |
| Treasury Stock | -$13.0B |
| Accum. Other Comp. Income | -$39M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $0 |
| Net Debt | -$538M |
