| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15.2B | $14.6B | $13.1B | 4.3% | 16.0% |
| Op. Income | $4.3B | $3.9B | $3.5B | 7.8% | 22.5% |
| Gross Margin | 64.1% | 63.4% | 60.7% | 0.8pp | 3.4pp |
| Net Margin | 26.0% | 22.0% | 21.5% | 4.0pp | 4.5pp |
| EPS (Diluted) | $0.97 | $0.78 | $0.68 | 24.4% | 42.6% |
| Free Cash Flow | $5.7B | $4.9B | $3.5B | 15.8% | 62.0% |
| Item | Amount |
|---|---|
| REVENUE | $15.2B |
| Cost of Revenue | $5.5B |
| GROSS PROFIT | $9.7B |
| R&D Expenses | $2.0B |
| Selling & Marketing | $2.6B |
| General & Administrative | $690M |
| SG&A Expenses | $3.3B |
| Other Expenses | $273M |
| Operating Expenses | $5.5B |
| Cost & Expenses | $10.9B |
| OPERATING INCOME | $4.3B |
| Interest Income | $312M |
| Interest Expense | $111M |
| Other Income/Expenses | $218M |
| INCOME BEFORE TAX | $4.5B |
| Income Tax Expense | $513M |
| Net Income from Continuing Ops | $4.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.0B |
| D&A | $422M |
| EBIT | $4.6B |
| EBITDA | $5.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $15.2B |
| Cost of Revenue | $5.5B |
| GROSS PROFIT | $9.7B |
| R&D Expenses | $2.0B |
| Selling & Marketing | $2.6B |
| General & Administrative | $690M |
| SG&A Expenses | $3.3B |
| Other Expenses | $273M |
| Operating Expenses | $5.5B |
| Cost & Expenses | $10.9B |
| OPERATING INCOME | $4.3B |
| Interest Income | $312M |
| Interest Expense | $111M |
| Other Income/Expenses | $218M |
| INCOME BEFORE TAX | $4.5B |
| Income Tax Expense | $513M |
| Net Income from Continuing Ops | $4.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.0B |
| D&A | $422M |
| EBIT | $4.6B |
| EBITDA | $5.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $4.0B |
| Depreciation & Amortization | $422M |
| Stock-Based Compensation | $633M |
| Deferred Income Tax | -$742M |
| Other Non-Cash Items | -$17M |
| Change in Working Capital | $1.7B |
| OPERATING CASH FLOW | $6.0B |
| Capital Expenditure | -$233M |
| Acquisitions (Net) | -$205M |
| Purchases of Investments | -$3.2B |
| Sales/Maturities of Investments | $2.5B |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.4B |
| Common Dividends Paid | -$1.6B |
| Other Financing Activities | -$28M |
| NET CASH FROM FINANCING | -$2.6B |
| FREE CASH FLOW | $5.7B |
| Net Change in Cash | $2.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.1B |
| Short-Term Investments | $16.0B |
| Net Receivables | $9.2B |
| Inventory | $3.6B |
| Other Current Assets | $4.4B |
| TOTAL CURRENT ASSETS | $43.3B |
| PP&E (Net) | $2.1B |
| Goodwill | $38.5B |
| Intangible Assets | $1.8B |
| Long-Term Investments | $0 |
| Tax Assets | $6.6B |
| Other Non-Current Assets | $9.5B |
| TOTAL NON-CURRENT ASSETS | $58.5B |
| TOTAL ASSETS | $101.9B |
| Account Payables | $2.3B |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $13.9B |
| Other Current Liabilities | $9.1B |
| TOTAL CURRENT LIABILITIES | $31.3B |
| Long-Term Debt | $6.7B |
| Deferred Revenue NC | $11.6B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7.9B |
| TOTAL NON-CURRENT LIABILITIES | $26.2B |
| TOTAL LIABILITIES | $57.5B |
| Common Stock | $44.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $44.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $44.4B |
| TOTAL LIABILITIES & EQUITY | $101.9B |
| Total Debt | $8.4B |
| Net Debt | -$1.7B |
