| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.6B | $4.7B | $4.3B | -2.2% | 6.4% |
| Op. Income | $957M | $1.0B | $920M | -4.4% | 4.0% |
| Gross Margin | 30.5% | 30.7% | 31.0% | -0.2pp | -0.4pp |
| Net Margin | 16.3% | 17.2% | 17.6% | -0.8pp | -1.2pp |
| EPS (Diluted) | $0.18 | $0.19 | $0.18 | -5.3% | 0.0% |
| Free Cash Flow | $713M | $576M | $761M | 23.8% | -6.3% |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $3.2B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $44M |
| General & Administrative | $338M |
| SG&A Expenses | $382M |
| Other Expenses | $51M |
| Operating Expenses | $433M |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $957M |
| Interest Income | $52M |
| Interest Expense | $10M |
| Other Income/Expenses | $72M |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $284M |
| Net Income from Continuing Ops | $745M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $744M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $744M |
| D&A | $136M |
| EBIT | $1.0B |
| EBITDA | $1.2B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $3.2B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $44M |
| General & Administrative | $338M |
| SG&A Expenses | $382M |
| Other Expenses | $51M |
| Operating Expenses | $433M |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $957M |
| Interest Income | $52M |
| Interest Expense | $10M |
| Other Income/Expenses | $72M |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $284M |
| Net Income from Continuing Ops | $745M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $744M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $744M |
| D&A | $136M |
| EBIT | $1.0B |
| EBITDA | $1.2B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $745M |
| Depreciation & Amortization | $136M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $283M |
| Other Non-Cash Items | -$308M |
| Change in Working Capital | -$64M |
| OPERATING CASH FLOW | $808M |
| Capital Expenditure | -$95M |
| Acquisitions (Net) | $8M |
| Purchases of Investments | -$2.5B |
| Sales/Maturities of Investments | $2.7B |
| Other Investing Activities | $89M |
| NET CASH FROM INVESTING | $224M |
| Net Debt Issuance | -$44M |
| Common Stock Repurchased | -$923M |
| Common Dividends Paid | $15M |
| Other Financing Activities | -$27M |
| NET CASH FROM FINANCING | -$979M |
| FREE CASH FLOW | $713M |
| Net Change in Cash | $80M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $878M |
| Net Receivables | $5.0B |
| Inventory | $0 |
| Other Current Assets | $662M |
| TOTAL CURRENT ASSETS | $8.6B |
| PP&E (Net) | $2.5B |
| Goodwill | $882M |
| Intangible Assets | $213M |
| Long-Term Investments | $1.7B |
| Tax Assets | $152M |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $6.7B |
| TOTAL ASSETS | $15.3B |
| Account Payables | $470M |
| Short-Term Debt | $0 |
| Deferred Revenue | $872M |
| Other Current Liabilities | $1.9B |
| TOTAL CURRENT LIABILITIES | $4.8B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $149M |
| Other Non-Current Liabilities | $305M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $6.1B |
| Common Stock | $325M |
| Additional Paid-In Capital | $390M |
| Retained Earnings | $11.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1.4B |
| Other Equity | -$4.3B |
| TOTAL STOCKHOLDERS' EQUITY | $9.2B |
| Minority Interest | $52M |
| TOTAL EQUITY | $9.2B |
| TOTAL LIABILITIES & EQUITY | $15.3B |
| Total Debt | $1.0B |
| Net Debt | -$471M |
