| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18.9B | $16.9B | $19.0B | 11.8% | -0.6% |
| Op. Income | $2.3B | $2.0B | $2.3B | 12.3% | 0.0% |
| Gross Margin | 12.2% | 12.1% | 12.1% | 0.0pp | 0.0pp |
| Net Margin | 9.9% | 10.0% | 10.1% | -0.1pp | -0.2pp |
| EPS (Diluted) | $7.58 | $6.73 | $7.40 | 12.6% | 2.4% |
| Free Cash Flow | $1.7B | $2.5B | $1.2B | -34.3% | 34.5% |
| Item | Amount |
|---|---|
| REVENUE | $18.9B |
| Cost of Revenue | $16.5B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $2M |
| Operating Expenses | $2M |
| Cost & Expenses | $16.6B |
| OPERATING INCOME | $2.3B |
| Interest Income | $0 |
| Interest Expense | $254M |
| Other Income/Expenses | -$148M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $279M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $421M |
| EBIT | $2.4B |
| EBITDA | $2.8B |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| REVENUE | $18.9B |
| Cost of Revenue | $16.5B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $2M |
| Operating Expenses | $2M |
| Cost & Expenses | $16.6B |
| OPERATING INCOME | $2.3B |
| Interest Income | $0 |
| Interest Expense | $254M |
| Other Income/Expenses | -$148M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $279M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $421M |
| EBIT | $2.4B |
| EBITDA | $2.8B |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| Net Income | $1.9B |
| Depreciation & Amortization | $421M |
| Stock-Based Compensation | $44M |
| Deferred Income Tax | -$103M |
| Other Non-Cash Items | $18M |
| Change in Working Capital | $119M |
| OPERATING CASH FLOW | $2.4B |
| Capital Expenditure | -$704M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$703M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$3.0B |
| Common Dividends Paid | -$767M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$3.8B |
| FREE CASH FLOW | $1.7B |
| Net Change in Cash | -$2.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $0 |
| Net Receivables | $15.3B |
| Inventory | $3.1B |
| Other Current Assets | $632M |
| TOTAL CURRENT ASSETS | $20.5B |
| PP&E (Net) | $8.4B |
| Goodwill | $10.8B |
| Intangible Assets | $2.2B |
| Long-Term Investments | $3.1B |
| Tax Assets | $3.0B |
| Other Non-Current Assets | $4.5B |
| TOTAL NON-CURRENT ASSETS | $31.9B |
| TOTAL ASSETS | $52.5B |
| Account Payables | $2.3B |
| Short-Term Debt | $168M |
| Deferred Revenue | $9.2B |
| Other Current Liabilities | $2.1B |
| TOTAL CURRENT LIABILITIES | $16.9B |
| Long-Term Debt | $17.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11.4B |
| TOTAL NON-CURRENT LIABILITIES | $28.7B |
| TOTAL LIABILITIES | $45.6B |
| Common Stock | $240M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $15.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.8B |
| TOTAL LIABILITIES & EQUITY | $52.5B |
| Total Debt | $17.5B |
| Net Debt | $16.0B |
