| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.4B | — | 2.3% | — |
| Op. Income | $337M | $319M | — | 5.6% | — |
| Gross Margin | 31.9% | 31.1% | — | 0.8pp | — |
| Net Margin | 19.4% | 18.6% | — | 0.8pp | — |
| EPS (Diluted) | $2.88 | $2.68 | — | 7.5% | — |
| Free Cash Flow | $378M | $276M | — | 37.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $965M |
| GROSS PROFIT | $451M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $85M |
| SG&A Expenses | $85M |
| Other Expenses | $29M |
| Operating Expenses | $114M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $337M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $337M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $275M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $275M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $275M |
| D&A | $0 |
| EBIT | $362M |
| EBITDA | $362M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $965M |
| GROSS PROFIT | $451M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $85M |
| SG&A Expenses | $85M |
| Other Expenses | $29M |
| Operating Expenses | $114M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $337M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $337M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $275M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $275M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $275M |
| D&A | $0 |
| EBIT | $362M |
| EBITDA | $362M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $275M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $117M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $391M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$598M |
| Sales/Maturities of Investments | $513M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$98M |
| Net Debt Issuance | -$131M |
| Common Stock Repurchased | -$145M |
| Common Dividends Paid | -$21M |
| Other Financing Activities | -$27M |
| NET CASH FROM FINANCING | -$272M |
| FREE CASH FLOW | $378M |
| Net Change in Cash | $18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $103M |
| Short-Term Investments | $18.0B |
| Net Receivables | $630M |
| Inventory | $0 |
| Other Current Assets | -$18.7B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $240M |
| Goodwill | $482M |
| Intangible Assets | $0 |
| Long-Term Investments | $18.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$18.7B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $28.1B |
| Account Payables | $515M |
| Short-Term Debt | $486M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$1.5B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$1.6B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $23.6B |
| Common Stock | $102M |
| Additional Paid-In Capital | $532M |
| Retained Earnings | $7.5B |
| Treasury Stock | -$854M |
| Accum. Other Comp. Income | -$2.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $28.1B |
| Total Debt | $2.1B |
| Net Debt | $2.0B |
