| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15.2B | $15.5B | $15.3B | -2.4% | -0.8% |
| Op. Income | $3.7B | $4.0B | $3.1B | -6.1% | 19.8% |
| Gross Margin | 36.3% | 38.1% | 31.7% | -1.8pp | 4.6pp |
| Net Margin | 15.6% | 19.2% | 14.7% | -3.5pp | 0.9pp |
| EPS (Diluted) | $8.26 | $10.20 | $7.44 | -19.0% | 11.0% |
| Free Cash Flow | $4.1B | $2.0B | $2.8B | 103.9% | 45.4% |
| Item | Amount |
|---|---|
| REVENUE | $15.2B |
| Cost of Revenue | $9.7B |
| GROSS PROFIT | $5.5B |
| R&D Expenses | $606M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $917M |
| Other Expenses | $258M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $11.4B |
| OPERATING INCOME | $3.7B |
| Interest Income | $0 |
| Interest Expense | $782M |
| Other Income/Expenses | -$647M |
| INCOME BEFORE TAX | $3.1B |
| Income Tax Expense | $707M |
| Net Income from Continuing Ops | $2.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.4B |
| D&A | $477M |
| EBIT | $3.9B |
| EBITDA | $4.3B |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| REVENUE | $15.2B |
| Cost of Revenue | $9.7B |
| GROSS PROFIT | $5.5B |
| R&D Expenses | $606M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $917M |
| Other Expenses | $258M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $11.4B |
| OPERATING INCOME | $3.7B |
| Interest Income | $0 |
| Interest Expense | $782M |
| Other Income/Expenses | -$647M |
| INCOME BEFORE TAX | $3.1B |
| Income Tax Expense | $707M |
| Net Income from Continuing Ops | $2.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.4B |
| D&A | $477M |
| EBIT | $3.9B |
| EBITDA | $4.3B |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| Net Income | $2.4B |
| Depreciation & Amortization | $477M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$361M |
| Other Non-Cash Items | $142M |
| Change in Working Capital | $3.0B |
| OPERATING CASH FLOW | $5.7B |
| Capital Expenditure | -$1.6B |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2.6B |
| NET CASH FROM INVESTING | -$4.2B |
| Net Debt Issuance | $2.4B |
| Common Stock Repurchased | -$2.6B |
| Common Dividends Paid | -$362M |
| Other Financing Activities | -$30M |
| NET CASH FROM FINANCING | -$571M |
| FREE CASH FLOW | $4.1B |
| Net Change in Cash | $842M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.5B |
| Short-Term Investments | $946M |
| Net Receivables | $58.8B |
| Inventory | $8.2B |
| Other Current Assets | $829M |
| TOTAL CURRENT ASSETS | $76.4B |
| PP&E (Net) | $14.2B |
| Goodwill | $3.9B |
| Intangible Assets | $1.6B |
| Long-Term Investments | $126M |
| Tax Assets | $1.8B |
| Other Non-Current Assets | $6.1B |
| TOTAL NON-CURRENT ASSETS | $27.7B |
| TOTAL ASSETS | $104.1B |
| Account Payables | $3.5B |
| Short-Term Debt | $24.9B |
| Deferred Revenue | $1.1B |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $38.9B |
| Long-Term Debt | $38.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $520M |
| Other Non-Current Liabilities | $4.3B |
| TOTAL NON-CURRENT LIABILITIES | $43.3B |
| TOTAL LIABILITIES | $82.2B |
| Common Stock | $5.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $50.9B |
| Treasury Stock | -$31.3B |
| Accum. Other Comp. Income | -$3.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21.8B |
| Minority Interest | $101M |
| TOTAL EQUITY | $21.9B |
| TOTAL LIABILITIES & EQUITY | $104.1B |
| Total Debt | $63.7B |
| Net Debt | $56.2B |
