| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.6B | $3.9B | $3.3B | -7.8% | 11.4% |
| Op. Income | $271M | $726M | $568M | -62.7% | -52.3% |
| Gross Margin | 14.3% | 23.8% | 24.4% | -9.4pp | -10.0pp |
| Net Margin | 22.2% | 17.2% | 15.2% | 4.9pp | 6.9pp |
| EPS (Diluted) | $18.53 | $15.64 | $12.72 | 18.5% | 45.7% |
| Free Cash Flow | $1.0B | $1.4B | $1.0B | -26.2% | 0.2% |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $519M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $248M |
| Operating Expenses | $248M |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $271M |
| Interest Income | $3M |
| Interest Expense | $35M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $271M |
| Income Tax Expense | -$532M |
| Net Income from Continuing Ops | $803M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1M |
| NET INCOME | $804M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $795M |
| D&A | $0 |
| EBIT | $306M |
| EBITDA | $306M |
| EPS | $19 |
| EPS Diluted | $19 |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $519M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $248M |
| Operating Expenses | $248M |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $271M |
| Interest Income | $3M |
| Interest Expense | $35M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $271M |
| Income Tax Expense | -$532M |
| Net Income from Continuing Ops | $803M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1M |
| NET INCOME | $804M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $795M |
| D&A | $0 |
| EBIT | $306M |
| EBITDA | $306M |
| EPS | $19 |
| EPS Diluted | $19 |
| Item | Amount |
|---|---|
| Net Income | $804M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $266M |
| Change in Working Capital | -$65M |
| OPERATING CASH FLOW | $1.0B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.7B |
| Sales/Maturities of Investments | $4.0B |
| Other Investing Activities | -$866M |
| NET CASH FROM INVESTING | -$1.6B |
| Net Debt Issuance | $300M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$76M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $221M |
| FREE CASH FLOW | $1.0B |
| Net Change in Cash | -$328M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $15.1B |
| Net Receivables | $7.9B |
| Inventory | $0 |
| Other Current Assets | -$25.2B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $30.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$30.9B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $49.4B |
| Account Payables | $650M |
| Short-Term Debt | $2.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$3.2B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $3.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$3.4B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $36.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.8B |
| Retained Earnings | $14.3B |
| Treasury Stock | -$3.9B |
| Accum. Other Comp. Income | -$934M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $13.2B |
| TOTAL LIABILITIES & EQUITY | $49.4B |
| Total Debt | $5.7B |
| Net Debt | $4.3B |
