| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.4B | $3.3B | $3.1B | 4.0% | 10.6% |
| Op. Income | $460M | $326M | $294M | 41.1% | 56.5% |
| Gross Margin | 34.7% | 31.9% | 33.4% | 2.8pp | 1.3pp |
| Net Margin | 10.7% | 7.8% | 8.0% | 2.9pp | 2.7pp |
| EPS (Diluted) | $1.35 | $0.95 | $1.04 | 42.1% | 29.8% |
| Free Cash Flow | $497M | $804M | $501M | -38.2% | -0.8% |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $735M |
| Operating Expenses | $735M |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $460M |
| Interest Income | $0 |
| Interest Expense | $34M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $460M |
| Income Tax Expense | $93M |
| Net Income from Continuing Ops | $367M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $367M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $367M |
| D&A | $29M |
| EBIT | $494M |
| EBITDA | $523M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $735M |
| Operating Expenses | $735M |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $460M |
| Interest Income | $0 |
| Interest Expense | $34M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $460M |
| Income Tax Expense | $93M |
| Net Income from Continuing Ops | $367M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $367M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $367M |
| D&A | $29M |
| EBIT | $494M |
| EBITDA | $523M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $367M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | -$175M |
| Change in Working Capital | $309M |
| OPERATING CASH FLOW | $520M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | -$54M |
| Purchases of Investments | -$1.4B |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | -$40M |
| NET CASH FROM INVESTING | -$306M |
| Net Debt Issuance | -$243M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$114M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$359M |
| FREE CASH FLOW | $497M |
| Net Change in Cash | -$140M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $345M |
| Short-Term Investments | $2.2B |
| Net Receivables | $8.9B |
| Inventory | $0 |
| Other Current Assets | $40.4B |
| TOTAL CURRENT ASSETS | $51.8B |
| PP&E (Net) | $253M |
| Goodwill | $146M |
| Intangible Assets | $78M |
| Long-Term Investments | $45.4B |
| Tax Assets | $1.3B |
| Other Non-Current Assets | -$1.3B |
| TOTAL NON-CURRENT ASSETS | $45.9B |
| TOTAL ASSETS | $64.7B |
| Account Payables | $0 |
| Short-Term Debt | $550M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17.9B |
| TOTAL CURRENT LIABILITIES | $18.5B |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $4.7B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $47.6B |
| TOTAL NON-CURRENT LIABILITIES | $54.8B |
| TOTAL LIABILITIES | $54.8B |
| Common Stock | $683M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $9.8B |
| Treasury Stock | -$94M |
| Accum. Other Comp. Income | -$2.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.9B |
| TOTAL LIABILITIES & EQUITY | $64.7B |
| Total Debt | $3.0B |
| Net Debt | $2.7B |
