| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $937M | $971M | $884M | -3.5% | 6.1% |
| Op. Income | $424M | $445M | $369M | -4.7% | 14.8% |
| Gross Margin | 78.5% | 78.6% | 77.2% | -0.0pp | 1.3pp |
| Net Margin | 27.3% | 28.0% | 25.5% | -0.7pp | 1.8pp |
| EPS (Diluted) | $3.48 | $3.64 | $3.03 | -4.4% | 14.9% |
| Free Cash Flow | $1.2B | $247M | $272M | 369.1% | 326.1% |
| Item | Amount |
|---|---|
| REVENUE | $937M |
| Cost of Revenue | $201M |
| GROSS PROFIT | $736M |
| R&D Expenses | $0 |
| Selling & Marketing | $86M |
| General & Administrative | $142M |
| SG&A Expenses | $228M |
| Other Expenses | $84M |
| Operating Expenses | $312M |
| Cost & Expenses | $513M |
| OPERATING INCOME | $424M |
| Interest Income | $0 |
| Interest Expense | $92M |
| Other Income/Expenses | -$91M |
| INCOME BEFORE TAX | $333M |
| Income Tax Expense | $78M |
| Net Income from Continuing Ops | $256M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $256M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $256M |
| D&A | $84M |
| EBIT | $426M |
| EBITDA | $509M |
| EPS | $4 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $937M |
| Cost of Revenue | $201M |
| GROSS PROFIT | $736M |
| R&D Expenses | $0 |
| Selling & Marketing | $86M |
| General & Administrative | $142M |
| SG&A Expenses | $228M |
| Other Expenses | $84M |
| Operating Expenses | $312M |
| Cost & Expenses | $513M |
| OPERATING INCOME | $424M |
| Interest Income | $0 |
| Interest Expense | $92M |
| Other Income/Expenses | -$91M |
| INCOME BEFORE TAX | $333M |
| Income Tax Expense | $78M |
| Net Income from Continuing Ops | $256M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $256M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $256M |
| D&A | $84M |
| EBIT | $426M |
| EBITDA | $509M |
| EPS | $4 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $256M |
| Depreciation & Amortization | $84M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | -$28M |
| Other Non-Cash Items | $24M |
| Change in Working Capital | $835M |
| OPERATING CASH FLOW | $1.2B |
| Capital Expenditure | -$37M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$35M |
| Net Debt Issuance | -$267M |
| Common Stock Repurchased | -$140M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$397M |
| FREE CASH FLOW | $1.2B |
| Net Change in Cash | $826M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $0 |
| Other Current Assets | $3.5B |
| TOTAL CURRENT ASSETS | $7.1B |
| PP&E (Net) | $343M |
| Goodwill | $5.6B |
| Intangible Assets | $2.1B |
| Long-Term Investments | $70M |
| Tax Assets | $0 |
| Other Non-Current Assets | $249M |
| TOTAL NON-CURRENT ASSETS | $8.4B |
| TOTAL ASSETS | $15.5B |
| Account Payables | $1.6B |
| Short-Term Debt | $2.1B |
| Deferred Revenue | $2.4B |
| Other Current Liabilities | $321M |
| TOTAL CURRENT LIABILITIES | $6.8B |
| Long-Term Debt | $4.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $470M |
| Other Non-Current Liabilities | $302M |
| TOTAL NON-CURRENT LIABILITIES | $5.4B |
| TOTAL LIABILITIES | $12.2B |
| Common Stock | $129.0K |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | $8.2B |
| Treasury Stock | -$6.9B |
| Accum. Other Comp. Income | -$1.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $15.5B |
| Total Debt | $6.7B |
| Net Debt | $5.3B |
