| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.5B | $6.5B | $5.8B | 0.2% | 12.6% |
| Op. Income | $3.4B | $3.8B | $3.2B | -12.3% | 5.9% |
| Gross Margin | 76.7% | 75.9% | 76.3% | 0.7pp | 0.4pp |
| Net Margin | 42.6% | 49.0% | 43.4% | -6.3pp | -0.8pp |
| EPS (Diluted) | $2.97 | $3.39 | $2.62 | -12.4% | 13.4% |
| Free Cash Flow | $4.1B | $3.1B | $2.8B | 29.5% | 46.8% |
| Item | Amount |
|---|---|
| REVENUE | $6.5B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $5.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $264M |
| General & Administrative | $853M |
| SG&A Expenses | $1.1B |
| Other Expenses | $531M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $3.4B |
| Interest Income | $0 |
| Interest Expense | $148M |
| Other Income/Expenses | -$51M |
| INCOME BEFORE TAX | $3.3B |
| Income Tax Expense | $530M |
| Net Income from Continuing Ops | $2.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.8B |
| D&A | $205M |
| EBIT | $3.5B |
| EBITDA | $3.7B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $6.5B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $5.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $264M |
| General & Administrative | $853M |
| SG&A Expenses | $1.1B |
| Other Expenses | $531M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $3.4B |
| Interest Income | $0 |
| Interest Expense | $148M |
| Other Income/Expenses | -$51M |
| INCOME BEFORE TAX | $3.3B |
| Income Tax Expense | $530M |
| Net Income from Continuing Ops | $2.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.8B |
| D&A | $205M |
| EBIT | $3.5B |
| EBITDA | $3.7B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $2.8B |
| Depreciation & Amortization | $205M |
| Stock-Based Compensation | $86M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $1.2B |
| Change in Working Capital | -$173M |
| OPERATING CASH FLOW | $4.1B |
| Capital Expenditure | -$77M |
| Acquisitions (Net) | $12M |
| Purchases of Investments | -$104M |
| Sales/Maturities of Investments | $92M |
| Other Investing Activities | -$137M |
| NET CASH FROM INVESTING | -$214M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.8B |
| Common Dividends Paid | -$534M |
| Other Financing Activities | $24M |
| NET CASH FROM FINANCING | -$2.4B |
| FREE CASH FLOW | $4.1B |
| Net Change in Cash | $1.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.6B |
| Short-Term Investments | $592M |
| Net Receivables | $4.1B |
| Inventory | $0 |
| Other Current Assets | $5.7B |
| TOTAL CURRENT ASSETS | $19.0B |
| PP&E (Net) | $2.1B |
| Goodwill | $7.7B |
| Intangible Assets | $4.1B |
| Long-Term Investments | $1.7B |
| Tax Assets | $1.4B |
| Other Non-Current Assets | $6.6B |
| TOTAL NON-CURRENT ASSETS | $23.5B |
| TOTAL ASSETS | $42.4B |
| Account Payables | $834M |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.9B |
| TOTAL CURRENT LIABILITIES | $16.3B |
| Long-Term Debt | $14.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $369M |
| Other Non-Current Liabilities | $4.5B |
| TOTAL NON-CURRENT LIABILITIES | $19.2B |
| TOTAL LIABILITIES | $35.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $5.9B |
| Retained Earnings | $62.6B |
| Treasury Stock | -$60.4B |
| Accum. Other Comp. Income | -$1.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.9B |
| Minority Interest | $68M |
| TOTAL EQUITY | $7.0B |
| TOTAL LIABILITIES & EQUITY | $42.4B |
| Total Debt | $15.7B |
| Net Debt | $7.1B |
