| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.0B | $6.1B | $6.5B | -1.4% | -7.1% |
| Op. Income | $2.5B | $2.6B | $2.9B | -2.1% | -12.2% |
| Gross Margin | 75.4% | 72.6% | 78.6% | 2.7pp | -3.2pp |
| Net Margin | 33.0% | 33.2% | 35.1% | -0.2pp | -2.1pp |
| EPS (Diluted) | $3.42 | $3.48 | $3.87 | -1.7% | -11.6% |
| Free Cash Flow | $1.6B | $1.2B | $2.1B | 33.4% | -24.0% |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $4.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.5B |
| General & Administrative | $192M |
| SG&A Expenses | $1.7B |
| Other Expenses | $339M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $2.5B |
| Interest Income | $0 |
| Interest Expense | $35M |
| Other Income/Expenses | $31M |
| INCOME BEFORE TAX | $2.5B |
| Income Tax Expense | $547M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $930M |
| EBIT | $2.6B |
| EBITDA | $3.5B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $4.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.5B |
| General & Administrative | $192M |
| SG&A Expenses | $1.7B |
| Other Expenses | $339M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $2.5B |
| Interest Income | $0 |
| Interest Expense | $35M |
| Other Income/Expenses | $31M |
| INCOME BEFORE TAX | $2.5B |
| Income Tax Expense | $547M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $930M |
| EBIT | $2.6B |
| EBITDA | $3.5B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $2.0B |
| Depreciation & Amortization | $930M |
| Stock-Based Compensation | $51M |
| Deferred Income Tax | $199M |
| Other Non-Cash Items | -$179M |
| Change in Working Capital | $115M |
| OPERATING CASH FLOW | $3.1B |
| Capital Expenditure | -$1.5B |
| Acquisitions (Net) | $5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $18M |
| NET CASH FROM INVESTING | -$1.5B |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | -$310M |
| Common Dividends Paid | -$1.3B |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | -$1.7B |
| FREE CASH FLOW | $1.6B |
| Net Change in Cash | -$48M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.3B |
| Short-Term Investments | $0 |
| Net Receivables | $2.7B |
| Inventory | $1.3B |
| Other Current Assets | $666M |
| TOTAL CURRENT ASSETS | $9.9B |
| PP&E (Net) | $32.3B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $103M |
| Tax Assets | $42M |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $33.9B |
| TOTAL ASSETS | $43.9B |
| Account Payables | $2.4B |
| Short-Term Debt | $34M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $252M |
| TOTAL CURRENT LIABILITIES | $4.1B |
| Long-Term Debt | $3.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5.4B |
| Other Non-Current Liabilities | $2.5B |
| TOTAL NON-CURRENT LIABILITIES | $11.7B |
| TOTAL LIABILITIES | $15.8B |
| Common Stock | $206M |
| Additional Paid-In Capital | $6.2B |
| Retained Earnings | $22.6B |
| Treasury Stock | -$907M |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $28.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $28.1B |
| TOTAL LIABILITIES & EQUITY | $43.9B |
| Total Debt | $4.2B |
| Net Debt | -$1.1B |
