| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.8B | $12.0B | — | -9.2% | — |
| Op. Income | $2.3B | $3.3B | — | -30.5% | — |
| Gross Margin | 57.3% | 61.0% | — | -3.8pp | — |
| Net Margin | 18.2% | 25.8% | — | -7.6pp | — |
| EPS (Diluted) | $0.46 | $0.71 | — | -35.2% | — |
| Free Cash Flow | $1.8B | $3.9B | — | -53.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $10.8B |
| Cost of Revenue | $4.6B |
| GROSS PROFIT | $6.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.2B |
| General & Administrative | $2.7B |
| SG&A Expenses | $3.9B |
| Other Expenses | $89M |
| Operating Expenses | $3.9B |
| Cost & Expenses | $8.6B |
| OPERATING INCOME | $2.3B |
| Interest Income | $267M |
| Interest Expense | $413M |
| Other Income/Expenses | $209M |
| INCOME BEFORE TAX | $2.5B |
| Income Tax Expense | $496M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $271M |
| EBIT | $2.9B |
| EBITDA | $3.2B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $10.8B |
| Cost of Revenue | $4.6B |
| GROSS PROFIT | $6.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.2B |
| General & Administrative | $2.7B |
| SG&A Expenses | $3.9B |
| Other Expenses | $89M |
| Operating Expenses | $3.9B |
| Cost & Expenses | $8.6B |
| OPERATING INCOME | $2.3B |
| Interest Income | $267M |
| Interest Expense | $413M |
| Other Income/Expenses | $209M |
| INCOME BEFORE TAX | $2.5B |
| Income Tax Expense | $496M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $271M |
| EBIT | $2.9B |
| EBITDA | $3.2B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2.0B |
| Depreciation & Amortization | $271M |
| Stock-Based Compensation | $77M |
| Deferred Income Tax | $152M |
| Other Non-Cash Items | $174M |
| Change in Working Capital | $23M |
| OPERATING CASH FLOW | $2.7B |
| Capital Expenditure | -$851M |
| Acquisitions (Net) | $114M |
| Purchases of Investments | -$2.1B |
| Sales/Maturities of Investments | $1.5B |
| Other Investing Activities | $459M |
| NET CASH FROM INVESTING | -$926M |
| Net Debt Issuance | $638M |
| Common Stock Repurchased | -$1.1B |
| Common Dividends Paid | -$3.9B |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$4.2B |
| FREE CASH FLOW | $1.8B |
| Net Change in Cash | -$2.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.4B |
| Short-Term Investments | $4.3B |
| Net Receivables | $3.4B |
| Inventory | $4.4B |
| Other Current Assets | $5.2B |
| TOTAL CURRENT ASSETS | $26.7B |
| PP&E (Net) | $9.2B |
| Goodwill | $18.4B |
| Intangible Assets | $14.9B |
| Long-Term Investments | $19.8B |
| Tax Assets | $1.6B |
| Other Non-Current Assets | $7.2B |
| TOTAL NON-CURRENT ASSETS | $71.0B |
| TOTAL ASSETS | $97.7B |
| Account Payables | $15.5B |
| Short-Term Debt | $6.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $23.6B |
| Long-Term Debt | $35.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.6B |
| Other Non-Current Liabilities | $7.5B |
| TOTAL NON-CURRENT LIABILITIES | $46.7B |
| TOTAL LIABILITIES | $70.2B |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $19.2B |
| Retained Earnings | $73.8B |
| Treasury Stock | -$54.5B |
| Accum. Other Comp. Income | -$14.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $25.9B |
| Minority Interest | $1.5B |
| TOTAL EQUITY | $27.5B |
| TOTAL LIABILITIES & EQUITY | $97.7B |
| Total Debt | $43.1B |
| Net Debt | $33.7B |
