| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $788M | $574M | — | 37.2% | — |
| Op. Income | $120M | $78M | — | 52.5% | — |
| Gross Margin | 99.5% | 99.3% | — | 0.2pp | — |
| Net Margin | 10.5% | 9.1% | — | 1.4pp | — |
| EPS (Diluted) | $2.03 | $1.30 | — | 56.2% | — |
| Free Cash Flow | $414M | $242M | — | 71.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $788M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $784M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $560M |
| SG&A Expenses | $560M |
| Other Expenses | $105M |
| Operating Expenses | $664M |
| Cost & Expenses | $669M |
| OPERATING INCOME | $120M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $120M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $92M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | -$5M |
| EBIT | $120M |
| EBITDA | $115M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $788M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $784M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $560M |
| SG&A Expenses | $560M |
| Other Expenses | $105M |
| Operating Expenses | $664M |
| Cost & Expenses | $669M |
| OPERATING INCOME | $120M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $120M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $92M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | -$5M |
| EBIT | $120M |
| EBITDA | $115M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $83M |
| Depreciation & Amortization | -$5M |
| Stock-Based Compensation | $122M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $212M |
| OPERATING CASH FLOW | $416M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$705M |
| Sales/Maturities of Investments | $432M |
| Other Investing Activities | $33.0K |
| NET CASH FROM INVESTING | -$275M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$29M |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | -$47M |
| FREE CASH FLOW | $414M |
| Net Change in Cash | $104M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $652M |
| Short-Term Investments | $0 |
| Net Receivables | $397M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $516M |
| Goodwill | $125M |
| Intangible Assets | $0 |
| Long-Term Investments | $1.4B |
| Tax Assets | $266M |
| Other Non-Current Assets | $321M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $3.7B |
| Account Payables | $26M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $62M |
| Long-Term Debt | $374M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $821.0K |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | $1.9B |
| Treasury Stock | -$3.5B |
| Accum. Other Comp. Income | -$27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $206M |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $844M |
| Net Debt | $193M |
