| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $26.5B | $26.4B | — | 0.1% | — |
| Op. Income | -$615M | $1.1B | — | -156.6% | — |
| Gross Margin | 13.9% | 17.7% | — | -3.8pp | — |
| Net Margin | -2.0% | 3.1% | — | -5.2pp | — |
| EPS (Diluted) | $-4.42 | $6.71 | — | -165.9% | — |
| Free Cash Flow | -$7.4B | $1.0B | — | -828.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $26.5B |
| Cost of Revenue | $22.8B |
| GROSS PROFIT | $3.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $4.3B |
| Operating Expenses | $4.3B |
| Cost & Expenses | $27.1B |
| OPERATING INCOME | -$615M |
| Interest Income | $0 |
| Interest Expense | $146M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$615M |
| Income Tax Expense | -$75M |
| Net Income from Continuing Ops | -$540M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$541M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$541M |
| D&A | $238M |
| EBIT | -$469M |
| EBITDA | -$231M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$540M |
| Depreciation & Amortization | $238M |
| Stock-Based Compensation | $33M |
| Deferred Income Tax | -$167M |
| Other Non-Cash Items | $319M |
| Change in Working Capital | -$7.0B |
| OPERATING CASH FLOW | -$7.1B |
| Capital Expenditure | -$283M |
| Acquisitions (Net) | -$10M |
| Purchases of Investments | -$4.2B |
| Sales/Maturities of Investments | $3.4B |
| Other Investing Activities | $210M |
| NET CASH FROM INVESTING | -$882M |
| Net Debt Issuance | -$139M |
| Common Stock Repurchased | -$571M |
| Common Dividends Paid | -$111M |
| Other Financing Activities | -$1.6B |
| NET CASH FROM FINANCING | -$2.4B |
| FREE CASH FLOW | -$7.4B |
| Net Change in Cash | -$10.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.7B |
| Short-Term Investments | $0 |
| Net Receivables | $2.0B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.7B |
| PP&E (Net) | $3.5B |
| Goodwill | $9.6B |
| Intangible Assets | $1.7B |
| Long-Term Investments | $17.7B |
| Tax Assets | $48M |
| Other Non-Current Assets | $7.6B |
| TOTAL NON-CURRENT ASSETS | $40.2B |
| TOTAL ASSETS | $46.9B |
| Account Payables | $10.1B |
| Short-Term Debt | $1.6B |
| Deferred Revenue | $266M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $11.9B |
| Long-Term Debt | $10.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8.0B |
| TOTAL NON-CURRENT LIABILITIES | $18.6B |
| TOTAL LIABILITIES | $30.6B |
| Common Stock | $33M |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | $27.5B |
| Treasury Stock | -$13.7B |
| Accum. Other Comp. Income | -$999M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16.3B |
| Minority Interest | $56M |
| TOTAL EQUITY | $16.3B |
| TOTAL LIABILITIES & EQUITY | $46.9B |
| Total Debt | $12.3B |
| Net Debt | $7.6B |
