| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.7B | — | 10.6% | — |
| Op. Income | $450M | $466M | — | -3.3% | — |
| Gross Margin | 66.2% | 66.9% | — | -0.7pp | — |
| Net Margin | 31.4% | 23.8% | — | 7.6pp | — |
| EPS (Diluted) | $1.69 | $1.16 | — | 45.7% | — |
| Free Cash Flow | -$207M | $292M | — | -170.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $651M |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $260M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $567M |
| Other Expenses | $0 |
| Operating Expenses | $827M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $450M |
| Interest Income | $66M |
| Interest Expense | $0 |
| Other Income/Expenses | $66M |
| INCOME BEFORE TAX | $516M |
| Income Tax Expense | -$95M |
| Net Income from Continuing Ops | $611M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $606M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $606M |
| D&A | $123M |
| EBIT | $450M |
| EBITDA | $573M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $651M |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $260M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $567M |
| Other Expenses | $0 |
| Operating Expenses | $827M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $450M |
| Interest Income | $66M |
| Interest Expense | $0 |
| Other Income/Expenses | $66M |
| INCOME BEFORE TAX | $516M |
| Income Tax Expense | -$95M |
| Net Income from Continuing Ops | $611M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $606M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $606M |
| D&A | $123M |
| EBIT | $450M |
| EBITDA | $573M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $611M |
| Depreciation & Amortization | $123M |
| Stock-Based Compensation | $150M |
| Deferred Income Tax | -$220M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$439M |
| OPERATING CASH FLOW | $228M |
| Capital Expenditure | -$436M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$1.4B |
| Sales/Maturities of Investments | $780M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1.0B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$66M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $35M |
| NET CASH FROM FINANCING | -$32M |
| FREE CASH FLOW | -$207M |
| Net Change in Cash | -$853M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.8B |
| Short-Term Investments | $2.5B |
| Net Receivables | $1.3B |
| Inventory | $1.2B |
| Other Current Assets | $177M |
| TOTAL CURRENT ASSETS | $7.9B |
| PP&E (Net) | $3.5B |
| Goodwill | $349M |
| Intangible Assets | $637M |
| Long-Term Investments | $2.1B |
| Tax Assets | $911M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $7.6B |
| TOTAL ASSETS | $15.4B |
| Account Payables | $189M |
| Short-Term Debt | $0 |
| Deferred Revenue | $446M |
| Other Current Liabilities | $436M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $46M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $340M |
| TOTAL NON-CURRENT LIABILITIES | $386M |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $8.6B |
| Retained Earnings | $4.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.3B |
| Minority Interest | $90M |
| TOTAL EQUITY | $13.4B |
| TOTAL LIABILITIES & EQUITY | $15.4B |
| Total Debt | $0 |
| Net Debt | -$2.8B |
