| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $707M | $703M | $700M | 0.6% | 1.0% |
| Op. Income | $172M | $104M | $108M | 65.8% | 59.7% |
| Gross Margin | 80.1% | 79.8% | 78.9% | 0.2pp | 1.1pp |
| Net Margin | 21.5% | 12.7% | 12.8% | 8.9pp | 8.8pp |
| EPS (Diluted) | $2.55 | $1.48 | $1.49 | 72.3% | 71.1% |
| Free Cash Flow | $174M | $150M | $146M | 16.2% | 19.6% |
| Item | Amount |
|---|---|
| REVENUE | $707M |
| Cost of Revenue | $141M |
| GROSS PROFIT | $566M |
| R&D Expenses | $128M |
| Selling & Marketing | $205M |
| General & Administrative | $62M |
| SG&A Expenses | $266M |
| Other Expenses | $0 |
| Operating Expenses | $394M |
| Cost & Expenses | $535M |
| OPERATING INCOME | $172M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $175M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $152M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $152M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $152M |
| D&A | $30M |
| EBIT | $172M |
| EBITDA | $201M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $707M |
| Cost of Revenue | $141M |
| GROSS PROFIT | $566M |
| R&D Expenses | $128M |
| Selling & Marketing | $205M |
| General & Administrative | $62M |
| SG&A Expenses | $266M |
| Other Expenses | $0 |
| Operating Expenses | $394M |
| Cost & Expenses | $535M |
| OPERATING INCOME | $172M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $175M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $152M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $152M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $152M |
| D&A | $30M |
| EBIT | $172M |
| EBITDA | $201M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $152M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $53M |
| Deferred Income Tax | -$23M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$29M |
| OPERATING CASH FLOW | $190M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$60M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $462.0K |
| NET CASH FROM FINANCING | -$61M |
| FREE CASH FLOW | $174M |
| Net Change in Cash | $119M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $797M |
| Short-Term Investments | $6M |
| Net Receivables | $829M |
| Inventory | $72M |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $366M |
| Goodwill | $2.3B |
| Intangible Assets | $151M |
| Long-Term Investments | $212M |
| Tax Assets | $295M |
| Other Non-Current Assets | $118M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $5.2B |
| Account Payables | $63M |
| Short-Term Debt | $41M |
| Deferred Revenue | $1.1B |
| Other Current Liabilities | $54M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $240M |
| Deferred Revenue NC | $649M |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | -$157M |
| TOTAL NON-CURRENT LIABILITIES | $975M |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $24M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $521M |
| Net Debt | -$277M |
