| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.4B | $2.4B | $2.5B | -3.2% | -5.3% |
| Op. Income | $824M | $861M | $972M | -4.2% | -15.2% |
| Gross Margin | 59.1% | 58.7% | 60.6% | 0.4pp | -1.5pp |
| Net Margin | 29.1% | 28.7% | 32.4% | 0.4pp | -3.3pp |
| EPS (Diluted) | $4.97 | $5.03 | $5.40 | -1.2% | -8.0% |
| Free Cash Flow | $880M | $926M | $746M | -4.9% | 18.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $963M |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $317M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $251M |
| Other Expenses | $0 |
| Operating Expenses | $568M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $824M |
| Interest Income | $0 |
| Interest Expense | $74M |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | $776M |
| Income Tax Expense | $91M |
| Net Income from Continuing Ops | $685M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $685M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $685M |
| D&A | $105M |
| EBIT | $849M |
| EBITDA | $954M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $963M |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $317M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $251M |
| Other Expenses | $0 |
| Operating Expenses | $568M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $824M |
| Interest Income | $0 |
| Interest Expense | $74M |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | $776M |
| Income Tax Expense | $91M |
| Net Income from Continuing Ops | $685M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $685M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $685M |
| D&A | $105M |
| EBIT | $849M |
| EBITDA | $954M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $685M |
| Depreciation & Amortization | $105M |
| Stock-Based Compensation | $50M |
| Deferred Income Tax | $24M |
| Other Non-Cash Items | $18M |
| Change in Working Capital | $79M |
| OPERATING CASH FLOW | $959M |
| Capital Expenditure | -$79M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$500M |
| Sales/Maturities of Investments | $504M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$74M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$389M |
| Common Dividends Paid | -$180M |
| Other Financing Activities | -$34M |
| NET CASH FROM FINANCING | -$511M |
| FREE CASH FLOW | $880M |
| Net Change in Cash | $359M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $1.3B |
| Net Receivables | $1.9B |
| Inventory | $2.9B |
| Other Current Assets | $195M |
| TOTAL CURRENT ASSETS | $8.4B |
| PP&E (Net) | $1.2B |
| Goodwill | $2.3B |
| Intangible Assets | $935M |
| Long-Term Investments | $0 |
| Tax Assets | $817M |
| Other Non-Current Assets | $429M |
| TOTAL NON-CURRENT ASSETS | $5.7B |
| TOTAL ASSETS | $14.1B |
| Account Payables | $371M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.8B |
| Other Current Liabilities | $1.0B |
| TOTAL CURRENT LIABILITIES | $3.7B |
| Long-Term Debt | $5.9B |
| Deferred Revenue NC | $334M |
| Deferred Tax Liabilities | $529M |
| Other Non-Current Liabilities | $518M |
| TOTAL NON-CURRENT LIABILITIES | $7.4B |
| TOTAL LIABILITIES | $11.2B |
| Common Stock | $137.0K |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | $848M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$36M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $14.1B |
| Total Debt | $6.1B |
| Net Debt | $4.1B |
