| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $919M | $927M | 10.3% | 9.3% |
| Op. Income | $205M | $215M | $93M | -4.7% | 119.8% |
| Gross Margin | 91.5% | 91.8% | 92.2% | -0.2pp | -0.7pp |
| Net Margin | 19.8% | 18.6% | 3.1% | 1.2pp | 16.8pp |
| EPS (Diluted) | $0.89 | $0.76 | $0.13 | 17.1% | 584.6% |
| Free Cash Flow | $145M | $137M | $262M | 6.3% | -44.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $86M |
| GROSS PROFIT | $928M |
| R&D Expenses | $444M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $278M |
| Other Expenses | $0 |
| Operating Expenses | $722M |
| Cost & Expenses | $808M |
| OPERATING INCOME | $205M |
| Interest Income | $0 |
| Interest Expense | $804.0K |
| Other Income/Expenses | $66M |
| INCOME BEFORE TAX | $271M |
| Income Tax Expense | $70M |
| Net Income from Continuing Ops | $201M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $201M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $201M |
| D&A | $22M |
| EBIT | $272M |
| EBITDA | $294M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $86M |
| GROSS PROFIT | $928M |
| R&D Expenses | $444M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $278M |
| Other Expenses | $0 |
| Operating Expenses | $722M |
| Cost & Expenses | $808M |
| OPERATING INCOME | $205M |
| Interest Income | $0 |
| Interest Expense | $804.0K |
| Other Income/Expenses | $66M |
| INCOME BEFORE TAX | $271M |
| Income Tax Expense | $70M |
| Net Income from Continuing Ops | $201M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $201M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $201M |
| D&A | $22M |
| EBIT | $272M |
| EBITDA | $294M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $201M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $60M |
| Deferred Income Tax | -$66M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$73M |
| OPERATING CASH FLOW | $148M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | -$234M |
| Sales/Maturities of Investments | $82M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$155M |
| Net Debt Issuance | -$837.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $346.0K |
| FREE CASH FLOW | $145M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.2B |
| Short-Term Investments | $443M |
| Net Receivables | $744M |
| Inventory | $63M |
| Other Current Assets | $183M |
| TOTAL CURRENT ASSETS | $4.6B |
| PP&E (Net) | $777M |
| Goodwill | $156M |
| Intangible Assets | $124M |
| Long-Term Investments | $188M |
| Tax Assets | $632M |
| Other Non-Current Assets | $261M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $6.8B |
| Account Payables | $110M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $545M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $323M |
| TOTAL NON-CURRENT LIABILITIES | $352M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $224.0K |
| Additional Paid-In Capital | $5.0B |
| Retained Earnings | $160M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.2B |
| TOTAL LIABILITIES & EQUITY | $6.8B |
| Total Debt | $38M |
| Net Debt | -$3.2B |
