| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28.5B | $28.5B | $20.9B | -0.2% | 36.0% |
| Op. Income | $2.3B | $2.8B | $1.5B | -18.2% | 47.3% |
| Gross Margin | 37.7% | 41.4% | 46.0% | -3.7pp | -8.2pp |
| Net Margin | 7.1% | 7.2% | 6.3% | -0.2pp | 0.7pp |
| EPS (Diluted) | $5.53 | $5.47 | $3.32 | 1.1% | 66.6% |
| Free Cash Flow | -$28.9B | -$26.0B | -$33.9B | -11.0% | 14.8% |
| Item | Amount |
|---|---|
| REVENUE | $28.5B |
| Cost of Revenue | $17.7B |
| GROSS PROFIT | $10.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $175M |
| General & Administrative | $3.6B |
| SG&A Expenses | $3.8B |
| Other Expenses | $4.7B |
| Operating Expenses | $8.5B |
| Cost & Expenses | $26.2B |
| OPERATING INCOME | $2.3B |
| Interest Income | $18.5B |
| Interest Expense | $17.1B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.3B |
| Income Tax Expense | $246M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $780M |
| EBIT | $2.3B |
| EBITDA | $3.0B |
| EPS | $5 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| REVENUE | $28.5B |
| Cost of Revenue | $17.7B |
| GROSS PROFIT | $10.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $175M |
| General & Administrative | $3.6B |
| SG&A Expenses | $3.8B |
| Other Expenses | $4.7B |
| Operating Expenses | $8.5B |
| Cost & Expenses | $26.2B |
| OPERATING INCOME | $2.3B |
| Interest Income | $18.5B |
| Interest Expense | $17.1B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.3B |
| Income Tax Expense | $246M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $780M |
| EBIT | $2.3B |
| EBITDA | $3.0B |
| EPS | $5 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| Net Income | $2.0B |
| Depreciation & Amortization | $780M |
| Stock-Based Compensation | $77M |
| Deferred Income Tax | -$1.4B |
| Other Non-Cash Items | -$15.0B |
| Change in Working Capital | -$14.9B |
| OPERATING CASH FLOW | -$28.4B |
| Capital Expenditure | -$546M |
| Acquisitions (Net) | $2.6B |
| Purchases of Investments | -$29.6B |
| Sales/Maturities of Investments | $13.0B |
| Other Investing Activities | $11.2B |
| NET CASH FROM INVESTING | -$3.3B |
| Net Debt Issuance | $5.1B |
| Common Stock Repurchased | -$1.0B |
| Common Dividends Paid | -$1.1B |
| Other Financing Activities | $25.0B |
| NET CASH FROM FINANCING | $28.0B |
| FREE CASH FLOW | -$28.9B |
| Net Change in Cash | $1.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $241.6B |
| Short-Term Investments | $683.4B |
| Net Receivables | $148.6B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.1T |
| PP&E (Net) | $13.4B |
| Goodwill | $5.9B |
| Intangible Assets | $1.2B |
| Long-Term Investments | $353.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $194.4B |
| TOTAL NON-CURRENT ASSETS | $568.1B |
| TOTAL ASSETS | $1.6T |
| Account Payables | $230.7B |
| Short-Term Debt | $333.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $572.0B |
| TOTAL CURRENT LIABILITIES | $1.1T |
| Long-Term Debt | $247.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $128.4B |
| TOTAL NON-CURRENT LIABILITIES | $378.5B |
| TOTAL LIABILITIES | $1.5T |
| Common Stock | $9M |
| Additional Paid-In Capital | $60.2B |
| Retained Earnings | $143.7B |
| Treasury Stock | -$100.4B |
| Accum. Other Comp. Income | -$2.9B |
| Other Equity | $5.1B |
| TOTAL STOCKHOLDERS' EQUITY | $116.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $116.9B |
| TOTAL LIABILITIES & EQUITY | $1.6T |
| Total Debt | $583.1B |
| Net Debt | $341.6B |
