| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $34.8B | $37.7B | $35.8B | -7.8% | -2.9% |
| Op. Income | $4.1B | $5.4B | $4.8B | -23.4% | -12.8% |
| Gross Margin | 33.1% | 33.8% | 33.3% | -0.7pp | -0.2pp |
| Net Margin | 8.1% | 10.1% | 9.4% | -2.1pp | -1.3pp |
| EPS (Diluted) | $2.82 | $3.81 | $3.30 | -26.0% | -14.5% |
| Free Cash Flow | $3.9B | $3.6B | $3.7B | 8.8% | 5.0% |
| Item | Amount |
|---|---|
| REVENUE | $34.8B |
| Cost of Revenue | $23.3B |
| GROSS PROFIT | $11.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.1B |
| General & Administrative | $5.6B |
| SG&A Expenses | $6.7B |
| Other Expenses | $686M |
| Operating Expenses | $7.4B |
| Cost & Expenses | $30.6B |
| OPERATING INCOME | $4.1B |
| Interest Income | $55M |
| Interest Expense | $513M |
| Other Income/Expenses | -$458M |
| INCOME BEFORE TAX | $3.7B |
| Income Tax Expense | $884M |
| Net Income from Continuing Ops | $2.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.8B |
| D&A | $832M |
| EBIT | $4.2B |
| EBITDA | $5.0B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $34.8B |
| Cost of Revenue | $23.3B |
| GROSS PROFIT | $11.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.1B |
| General & Administrative | $5.6B |
| SG&A Expenses | $6.7B |
| Other Expenses | $686M |
| Operating Expenses | $7.4B |
| Cost & Expenses | $30.6B |
| OPERATING INCOME | $4.1B |
| Interest Income | $55M |
| Interest Expense | $513M |
| Other Income/Expenses | -$458M |
| INCOME BEFORE TAX | $3.7B |
| Income Tax Expense | $884M |
| Net Income from Continuing Ops | $2.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.8B |
| D&A | $832M |
| EBIT | $4.2B |
| EBITDA | $5.0B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $2.8B |
| Depreciation & Amortization | $832M |
| Stock-Based Compensation | $80M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $1.0B |
| OPERATING CASH FLOW | $4.7B |
| Capital Expenditure | -$858M |
| Acquisitions (Net) | -$719M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$1.6B |
| Net Debt Issuance | $1.9B |
| Common Stock Repurchased | -$1.5B |
| Common Dividends Paid | -$2.1B |
| Other Financing Activities | $121M |
| NET CASH FROM FINANCING | -$1.5B |
| FREE CASH FLOW | $3.9B |
| Net Change in Cash | $1.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.8B |
| Short-Term Investments | $0 |
| Net Receivables | $3.3B |
| Inventory | $21.0B |
| Other Current Assets | $1.7B |
| TOTAL CURRENT ASSETS | $29.8B |
| PP&E (Net) | $34.0B |
| Goodwill | $8.5B |
| Intangible Assets | $3.6B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $656M |
| TOTAL NON-CURRENT ASSETS | $46.8B |
| TOTAL ASSETS | $76.5B |
| Account Payables | $10.0B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $2.8B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $22.0B |
| Long-Term Debt | $42.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $863M |
| Other Non-Current Liabilities | $2.8B |
| TOTAL NON-CURRENT LIABILITIES | $53.5B |
| TOTAL LIABILITIES | $75.5B |
| Common Stock | $90M |
| Additional Paid-In Capital | $13.1B |
| Retained Earnings | $83.7B |
| Treasury Stock | -$95.4B |
| Accum. Other Comp. Income | -$477M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $76.5B |
| Total Debt | $52.2B |
| Net Debt | $48.5B |
