| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $947M | $936M | $716M | 1.2% | 32.3% |
| Op. Income | $357M | $368M | $129M | -3.0% | 176.7% |
| Gross Margin | 79.9% | 81.0% | 85.9% | -1.0pp | -6.0pp |
| Net Margin | 96.6% | 17.6% | 16.8% | 79.0pp | 79.9pp |
| EPS (Diluted) | $1.42 | $0.25 | $0.20 | 468.0% | 610.0% |
| Free Cash Flow | $323M | $305M | $324M | 5.9% | -0.3% |
| Item | Amount |
|---|---|
| REVENUE | $947M |
| Cost of Revenue | $190M |
| GROSS PROFIT | $757M |
| R&D Expenses | $88M |
| Selling & Marketing | $176M |
| General & Administrative | $61M |
| SG&A Expenses | $237M |
| Other Expenses | $75M |
| Operating Expenses | $400M |
| Cost & Expenses | $590M |
| OPERATING INCOME | $357M |
| Interest Income | $5M |
| Interest Expense | $168M |
| Other Income/Expenses | -$193M |
| INCOME BEFORE TAX | $164M |
| Income Tax Expense | -$751M |
| Net Income from Continuing Ops | $915M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $915M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $915M |
| D&A | $126M |
| EBIT | $332M |
| EBITDA | $458M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $947M |
| Cost of Revenue | $190M |
| GROSS PROFIT | $757M |
| R&D Expenses | $88M |
| Selling & Marketing | $176M |
| General & Administrative | $61M |
| SG&A Expenses | $237M |
| Other Expenses | $75M |
| Operating Expenses | $400M |
| Cost & Expenses | $590M |
| OPERATING INCOME | $357M |
| Interest Income | $5M |
| Interest Expense | $168M |
| Other Income/Expenses | -$193M |
| INCOME BEFORE TAX | $164M |
| Income Tax Expense | -$751M |
| Net Income from Continuing Ops | $915M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $915M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $915M |
| D&A | $126M |
| EBIT | $332M |
| EBITDA | $458M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $915M |
| Depreciation & Amortization | $132M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$95M |
| Other Non-Cash Items | $86M |
| Change in Working Capital | -$714M |
| OPERATING CASH FLOW | $324M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$309M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$80M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$383M |
| FREE CASH FLOW | $323M |
| Net Change in Cash | -$62M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $750M |
| Short-Term Investments | $0 |
| Net Receivables | $184M |
| Inventory | $0 |
| Other Current Assets | $177M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $119M |
| Goodwill | $10.2B |
| Intangible Assets | $3.1B |
| Long-Term Investments | $176M |
| Tax Assets | $353M |
| Other Non-Current Assets | $752M |
| TOTAL NON-CURRENT ASSETS | $14.7B |
| TOTAL ASSETS | $15.9B |
| Account Payables | $77M |
| Short-Term Debt | $259M |
| Deferred Revenue | $1.2B |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $2.8B |
| Long-Term Debt | $9.5B |
| Deferred Revenue NC | $80M |
| Deferred Tax Liabilities | $395M |
| Other Non-Current Liabilities | $863M |
| TOTAL NON-CURRENT LIABILITIES | $10.9B |
| TOTAL LIABILITIES | $13.7B |
| Common Stock | $2.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$585M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $15.9B |
| Total Debt | $9.8B |
| Net Debt | $9.1B |
