| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.7B | $3.7B | $1.4B | -0.7% | 155.1% |
| Op. Income | $713M | $997M | $392M | -28.5% | 81.9% |
| Gross Margin | 60.4% | 64.5% | 78.0% | -4.1pp | -17.6pp |
| Net Margin | 14.0% | 20.3% | 17.8% | -6.3pp | -3.9pp |
| EPS (Diluted) | $34.32 | $50.69 | $16.64 | -32.3% | 106.3% |
| Free Cash Flow | $485M | $907M | $639M | -46.5% | -24.1% |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $21M |
| General & Administrative | $855M |
| SG&A Expenses | $876M |
| Other Expenses | $632M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $713M |
| Interest Income | $3.1B |
| Interest Expense | $1.2B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $713M |
| Income Tax Expense | $199M |
| Net Income from Continuing Ops | $514M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $514M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $499M |
| D&A | -$45M |
| EBIT | $713M |
| EBITDA | $668M |
| EPS | $34 |
| EPS Diluted | $34 |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $21M |
| General & Administrative | $855M |
| SG&A Expenses | $876M |
| Other Expenses | $632M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $713M |
| Interest Income | $3.1B |
| Interest Expense | $1.2B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $713M |
| Income Tax Expense | $199M |
| Net Income from Continuing Ops | $514M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $514M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $499M |
| D&A | -$45M |
| EBIT | $713M |
| EBITDA | $668M |
| EPS | $34 |
| EPS Diluted | $34 |
| Item | Amount |
|---|---|
| Net Income | $514M |
| Depreciation & Amortization | -$45M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$275M |
| Other Non-Cash Items | $339M |
| Change in Working Capital | $367M |
| OPERATING CASH FLOW | $901M |
| Capital Expenditure | -$416M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.9B |
| Sales/Maturities of Investments | $1.7B |
| Other Investing Activities | $3.3B |
| NET CASH FROM INVESTING | -$358M |
| Net Debt Issuance | -$103M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$39M |
| Other Financing Activities | -$284M |
| NET CASH FROM FINANCING | -$426M |
| FREE CASH FLOW | $485M |
| Net Change in Cash | $117M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34.5B |
| Short-Term Investments | $19.9B |
| Net Receivables | $3.2B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $57.7B |
| PP&E (Net) | $11.0B |
| Goodwill | $346M |
| Intangible Assets | $337M |
| Long-Term Investments | $142.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $155.6B |
| TOTAL ASSETS | $213.8B |
| Account Payables | $137M |
| Short-Term Debt | $485M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $145.9B |
| TOTAL CURRENT LIABILITIES | $146.9B |
| Long-Term Debt | $37.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.6B |
| Other Non-Current Liabilities | $4.5B |
| TOTAL NON-CURRENT LIABILITIES | $45.6B |
| TOTAL LIABILITIES | $192.5B |
| Common Stock | $15M |
| Additional Paid-In Capital | $4.1B |
| Retained Earnings | $16.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$491M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $21.3B |
| TOTAL LIABILITIES & EQUITY | $213.8B |
| Total Debt | $38.0B |
| Net Debt | $3.5B |
