| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.4B | $7.8B | $7.3B | 7.0% | 14.4% |
| Op. Income | $357M | $460M | -$176M | -22.4% | 302.8% |
| Gross Margin | 75.0% | 73.4% | 72.5% | 1.6pp | 2.4pp |
| Net Margin | -1.2% | 2.7% | -0.4% | -3.8pp | -0.8pp |
| EPS (Diluted) | $-0.10 | $0.21 | $-0.03 | -147.4% | -250.7% |
| Free Cash Flow | $2.6B | $115M | $1.8B | 2134.8% | 41.6% |
| Item | Amount |
|---|---|
| REVENUE | $8.4B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $6.3B |
| R&D Expenses | $1.1B |
| Selling & Marketing | $3.4B |
| General & Administrative | $586M |
| SG&A Expenses | $4.0B |
| Other Expenses | $828M |
| Operating Expenses | $5.9B |
| Cost & Expenses | $8.0B |
| OPERATING INCOME | $357M |
| Interest Income | $0 |
| Interest Expense | $63M |
| Other Income/Expenses | -$324M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $131M |
| Net Income from Continuing Ops | -$98M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$98M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$98M |
| D&A | $1.0B |
| EBIT | $1.2B |
| EBITDA | $2.2B |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$98M |
| Depreciation & Amortization | $1.0B |
| Stock-Based Compensation | $809M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $757M |
| Change in Working Capital | $288M |
| OPERATING CASH FLOW | $2.8B |
| Capital Expenditure | -$218M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$720M |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $312M |
| Net Debt Issuance | -$71M |
| Common Stock Repurchased | -$2.3B |
| Common Dividends Paid | $0 |
| Other Financing Activities | $173M |
| NET CASH FROM FINANCING | -$2.2B |
| FREE CASH FLOW | $2.6B |
| Net Change in Cash | $940M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.0B |
| Short-Term Investments | $5.5B |
| Net Receivables | $10.8B |
| Inventory | $0 |
| Other Current Assets | $1.8B |
| TOTAL CURRENT ASSETS | $26.4B |
| PP&E (Net) | $6.6B |
| Goodwill | $48.6B |
| Intangible Assets | $7.1B |
| Long-Term Investments | $4.7B |
| Tax Assets | $2.8B |
| Other Non-Current Assets | $2.7B |
| TOTAL NON-CURRENT ASSETS | $72.5B |
| TOTAL ASSETS | $98.8B |
| Account Payables | $0 |
| Short-Term Debt | $1.2B |
| Deferred Revenue | $17.4B |
| Other Current Liabilities | $6.7B |
| TOTAL CURRENT LIABILITIES | $25.9B |
| Long-Term Debt | $9.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.3B |
| TOTAL NON-CURRENT LIABILITIES | $14.6B |
| TOTAL LIABILITIES | $40.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $55.0B |
| Retained Earnings | $7.6B |
| Treasury Stock | -$4.0B |
| Accum. Other Comp. Income | -$274M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $58.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $58.4B |
| TOTAL LIABILITIES & EQUITY | $98.8B |
| Total Debt | $14.1B |
| Net Debt | $7.1B |
