| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.4B | $9.5B | $7.3B | -1.5% | 28.1% |
| Op. Income | $3.2B | $3.5B | $2.2B | -9.8% | 44.6% |
| Gross Margin | 80.9% | 80.4% | 78.8% | 0.5pp | 2.1pp |
| Net Margin | 23.4% | -0.6% | 26.5% | 24.0pp | -3.1pp |
| EPS (Diluted) | $2.42 | $-0.06 | $2.04 | 4100.0% | 18.6% |
| Free Cash Flow | -$2.0B | -$1.8B | $1.0B | -8.4% | -291.7% |
| Item | Amount |
|---|---|
| REVENUE | $9.4B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $7.6B |
| R&D Expenses | $2.6B |
| Selling & Marketing | $0 |
| General & Administrative | $1.8B |
| SG&A Expenses | $1.8B |
| Other Expenses | $0 |
| Operating Expenses | $4.4B |
| Cost & Expenses | $6.2B |
| OPERATING INCOME | $3.2B |
| Interest Income | $45M |
| Interest Expense | $138M |
| Other Income/Expenses | -$684M |
| INCOME BEFORE TAX | $2.5B |
| Income Tax Expense | $319M |
| Net Income from Continuing Ops | $2.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.2B |
| D&A | $388M |
| EBIT | $2.6B |
| EBITDA | $3.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $9.4B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $7.6B |
| R&D Expenses | $2.6B |
| Selling & Marketing | $0 |
| General & Administrative | $1.8B |
| SG&A Expenses | $1.8B |
| Other Expenses | $0 |
| Operating Expenses | $4.4B |
| Cost & Expenses | $6.2B |
| OPERATING INCOME | $3.2B |
| Interest Income | $45M |
| Interest Expense | $138M |
| Other Income/Expenses | -$684M |
| INCOME BEFORE TAX | $2.5B |
| Income Tax Expense | $319M |
| Net Income from Continuing Ops | $2.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.2B |
| D&A | $388M |
| EBIT | $2.6B |
| EBITDA | $3.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $2.2B |
| Depreciation & Amortization | $388M |
| Stock-Based Compensation | $120M |
| Deferred Income Tax | -$506M |
| Other Non-Cash Items | $669M |
| Change in Working Capital | -$3.2B |
| OPERATING CASH FLOW | -$312M |
| Capital Expenditure | -$1.7B |
| Acquisitions (Net) | -$1.6B |
| Purchases of Investments | -$275M |
| Sales/Maturities of Investments | $69M |
| Other Investing Activities | -$23M |
| NET CASH FROM INVESTING | -$2.9B |
| Net Debt Issuance | $4.6B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.0B |
| Other Financing Activities | -$32M |
| NET CASH FROM FINANCING | $3.5B |
| FREE CASH FLOW | -$2.0B |
| Net Change in Cash | $438M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.8B |
| Short-Term Investments | $109M |
| Net Receivables | $11.3B |
| Inventory | $5.8B |
| Other Current Assets | $150M |
| TOTAL CURRENT ASSETS | $25.7B |
| PP&E (Net) | $12.9B |
| Goodwill | $4.9B |
| Intangible Assets | $6.9B |
| Long-Term Investments | $3.1B |
| Tax Assets | $5.5B |
| Other Non-Current Assets | $5.0B |
| TOTAL NON-CURRENT ASSETS | $38.3B |
| TOTAL ASSETS | $64.0B |
| Account Payables | $2.6B |
| Short-Term Debt | $6.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16.1B |
| TOTAL CURRENT LIABILITIES | $27.3B |
| Long-Term Debt | $18.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7.5B |
| TOTAL NON-CURRENT LIABILITIES | $25.8B |
| TOTAL LIABILITIES | $53.1B |
| Common Stock | $594M |
| Additional Paid-In Capital | $7.3B |
| Retained Earnings | $10.3B |
| Treasury Stock | -$44M |
| Accum. Other Comp. Income | -$4.3B |
| Other Equity | -$3.0B |
| TOTAL STOCKHOLDERS' EQUITY | $10.8B |
| Minority Interest | $92M |
| TOTAL EQUITY | $10.9B |
| TOTAL LIABILITIES & EQUITY | $64.0B |
| Total Debt | $25.2B |
| Net Debt | $22.4B |
