| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.4B | $1.4B | -5.1% | -9.1% |
| Op. Income | $317M | $365M | $379M | -13.2% | -16.4% |
| Gross Margin | 64.4% | 64.8% | 63.1% | -0.5pp | 1.3pp |
| Net Margin | 17.2% | 20.8% | 20.7% | -3.6pp | -3.5pp |
| EPS (Diluted) | $1.28 | $1.61 | $1.66 | -20.5% | -22.9% |
| Free Cash Flow | $340M | $196M | $340M | 73.5% | 0.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $467M |
| GROSS PROFIT | $844M |
| R&D Expenses | $218M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $313M |
| Other Expenses | -$4M |
| Operating Expenses | $527M |
| Cost & Expenses | $994M |
| OPERATING INCOME | $317M |
| Interest Income | $32M |
| Interest Expense | $20M |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | $276M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $226M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $226M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $226M |
| D&A | $50M |
| EBIT | $296M |
| EBITDA | $346M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $467M |
| GROSS PROFIT | $844M |
| R&D Expenses | $218M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $313M |
| Other Expenses | -$4M |
| Operating Expenses | $527M |
| Cost & Expenses | $994M |
| OPERATING INCOME | $317M |
| Interest Income | $32M |
| Interest Expense | $20M |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | $276M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $226M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $226M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $226M |
| D&A | $50M |
| EBIT | $296M |
| EBITDA | $346M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $226M |
| Depreciation & Amortization | $50M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | -$13M |
| Other Non-Cash Items | $127M |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | $378M |
| Capital Expenditure | -$38M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$12M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $12M |
| NET CASH FROM INVESTING | -$38M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$426M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$428M |
| FREE CASH FLOW | $340M |
| Net Change in Cash | -$100M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.5B |
| Short-Term Investments | $0 |
| Net Receivables | $944M |
| Inventory | $985M |
| Other Current Assets | $124M |
| TOTAL CURRENT ASSETS | $4.8B |
| PP&E (Net) | $987M |
| Goodwill | $1.6B |
| Intangible Assets | $155M |
| Long-Term Investments | $81M |
| Tax Assets | $671M |
| Other Non-Current Assets | $340M |
| TOTAL NON-CURRENT ASSETS | $3.9B |
| TOTAL ASSETS | $8.7B |
| Account Payables | $286M |
| Short-Term Debt | $599M |
| Deferred Revenue | $541M |
| Other Current Liabilities | $304M |
| TOTAL CURRENT LIABILITIES | $2.0B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $216M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $377M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | $5.6B |
| Treasury Stock | -$3.0B |
| Accum. Other Comp. Income | -$466M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.7B |
| TOTAL LIABILITIES & EQUITY | $8.7B |
| Total Debt | $2.0B |
| Net Debt | -$446M |
