| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.9B | $4.6B | -17.1% | -30.8% |
| Op. Income | $855M | $942M | $1.5B | -9.3% | -42.2% |
| Gross Margin | 45.5% | 41.5% | 45.3% | 4.0pp | 0.2pp |
| Net Margin | 25.0% | 21.0% | 26.1% | 4.0pp | -1.1pp |
| EPS (Diluted) | $0.60 | $0.60 | $0.87 | 0.0% | -31.0% |
| Free Cash Flow | $1.0B | $1.6B | $318M | -35.0% | 228.1% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $402M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $200M |
| Other Expenses | $2M |
| Operating Expenses | $604M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $855M |
| Interest Income | $56M |
| Interest Expense | $47M |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $864M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $803M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $803M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $803M |
| D&A | $90M |
| EBIT | $910M |
| EBITDA | $1000M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $402M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $200M |
| Other Expenses | $2M |
| Operating Expenses | $604M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $855M |
| Interest Income | $56M |
| Interest Expense | $47M |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $864M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $803M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $803M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $803M |
| D&A | $90M |
| EBIT | $910M |
| EBITDA | $1000M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $803M |
| Depreciation & Amortization | $90M |
| Stock-Based Compensation | $68M |
| Deferred Income Tax | -$39M |
| Other Non-Cash Items | $41M |
| Change in Working Capital | $160M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$79M |
| Acquisitions (Net) | $240M |
| Purchases of Investments | -$240M |
| Sales/Maturities of Investments | $26M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$55M |
| Net Debt Issuance | -$68M |
| Common Stock Repurchased | -$869M |
| Common Dividends Paid | -$232M |
| Other Financing Activities | $132M |
| NET CASH FROM FINANCING | -$1.0B |
| FREE CASH FLOW | $1.0B |
| Net Change in Cash | $31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.3B |
| Short-Term Investments | $38M |
| Net Receivables | $2.8B |
| Inventory | $4.8B |
| Other Current Assets | -$38M |
| TOTAL CURRENT ASSETS | $13.2B |
| PP&E (Net) | $1.9B |
| Goodwill | $1.6B |
| Intangible Assets | $168M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.9B |
| TOTAL NON-CURRENT ASSETS | $5.6B |
| TOTAL ASSETS | $18.8B |
| Account Payables | $471M |
| Short-Term Debt | $421.0K |
| Deferred Revenue | $1.7B |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $4.2B |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $6.4B |
| TOTAL LIABILITIES | $10.6B |
| Common Stock | $133.0K |
| Additional Paid-In Capital | $7.8B |
| Retained Earnings | $22.0B |
| Treasury Stock | -$21.5B |
| Accum. Other Comp. Income | -$101M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.2B |
| TOTAL LIABILITIES & EQUITY | $18.8B |
| Total Debt | $5.0B |
| Net Debt | -$326M |
