| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $44.7B | $36.2B | $43.2B | 23.6% | 3.6% |
| Op. Income | $296M | $1.4B | $705M | -78.2% | -58.1% |
| Gross Margin | 14.2% | 15.6% | 8.4% | -1.4pp | 5.9pp |
| Net Margin | 1.1% | 3.2% | 1.0% | -2.1pp | 0.1pp |
| EPS (Diluted) | $0.31 | $0.73 | $0.28 | -57.2% | 12.6% |
| Free Cash Flow | $1.6B | $1.5B | $1.9B | 9.1% | -15.9% |
| Item | Amount |
|---|---|
| REVENUE | $44.7B |
| Cost of Revenue | $38.4B |
| GROSS PROFIT | $6.4B |
| R&D Expenses | $634M |
| Selling & Marketing | $1.9B |
| General & Administrative | $347M |
| SG&A Expenses | $2.3B |
| Other Expenses | $3.2B |
| Operating Expenses | $6.1B |
| Cost & Expenses | $44.4B |
| OPERATING INCOME | $296M |
| Interest Income | $1.3B |
| Interest Expense | $0 |
| Other Income/Expenses | $187M |
| INCOME BEFORE TAX | $483M |
| Income Tax Expense | $204M |
| Net Income from Continuing Ops | $279M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $495M |
| Net Income Deductions | $4M |
| BOTTOM LINE NET INCOME | $491M |
| D&A | $460M |
| EBIT | $619M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $44.7B |
| Cost of Revenue | $38.4B |
| GROSS PROFIT | $6.4B |
| R&D Expenses | $634M |
| Selling & Marketing | $1.9B |
| General & Administrative | $347M |
| SG&A Expenses | $2.3B |
| Other Expenses | $3.2B |
| Operating Expenses | $6.1B |
| Cost & Expenses | $44.4B |
| OPERATING INCOME | $296M |
| Interest Income | $1.3B |
| Interest Expense | $0 |
| Other Income/Expenses | $187M |
| INCOME BEFORE TAX | $483M |
| Income Tax Expense | $204M |
| Net Income from Continuing Ops | $279M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $495M |
| Net Income Deductions | $4M |
| BOTTOM LINE NET INCOME | $491M |
| D&A | $460M |
| EBIT | $619M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $495M |
| Depreciation & Amortization | $460M |
| Stock-Based Compensation | $143M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$227M |
| Change in Working Capital | $2.0B |
| OPERATING CASH FLOW | $2.9B |
| Capital Expenditure | -$1.3B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7.9B |
| NET CASH FROM INVESTING | -$9.2B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$365M |
| Common Dividends Paid | -$985M |
| Other Financing Activities | $1.2B |
| NET CASH FROM FINANCING | -$109M |
| FREE CASH FLOW | $1.6B |
| Net Change in Cash | -$6.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.5B |
| Short-Term Investments | $17.3B |
| Net Receivables | $3.3B |
| Inventory | $9.9B |
| Other Current Assets | $3.6B |
| TOTAL CURRENT ASSETS | $45.0B |
| PP&E (Net) | $14.7B |
| Goodwill | $2.9B |
| Intangible Assets | $6.8B |
| Long-Term Investments | $20.1B |
| Tax Assets | $255M |
| Other Non-Current Assets | $2.1B |
| TOTAL NON-CURRENT ASSETS | $46.9B |
| TOTAL ASSETS | $91.9B |
| Account Payables | $24.3B |
| Short-Term Debt | $736M |
| Deferred Revenue | $4.9B |
| Other Current Liabilities | $3.8B |
| TOTAL CURRENT LIABILITIES | $38.8B |
| Long-Term Debt | $6.1B |
| Deferred Revenue NC | $141M |
| Deferred Tax Liabilities | $1.4B |
| Other Non-Current Liabilities | $154M |
| TOTAL NON-CURRENT LIABILITIES | $9.8B |
| TOTAL LIABILITIES | $48.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $26.9B |
| Retained Earnings | $6.4B |
| Treasury Stock | -$498M |
| Accum. Other Comp. Income | $1.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $33.9B |
| Minority Interest | $9.4B |
| TOTAL EQUITY | $43.3B |
| TOTAL LIABILITIES & EQUITY | $91.9B |
| Total Debt | $10.0B |
| Net Debt | -$506M |
