| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.4B | $6.7B | $5.9B | -4.3% | 8.1% |
| Op. Income | $2.8B | $3.2B | $2.6B | -12.7% | 8.5% |
| Gross Margin | 57.0% | 57.7% | 57.5% | -0.7pp | -0.5pp |
| Net Margin | 31.8% | 34.6% | 32.1% | -2.8pp | -0.3pp |
| EPS (Diluted) | $2.80 | $3.17 | $2.59 | -11.7% | 8.1% |
| Free Cash Flow | $1.7B | $2.5B | $1.7B | -29.6% | 3.5% |
| Item | Amount |
|---|---|
| REVENUE | $6.4B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $3.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $731M |
| Other Expenses | $121M |
| Operating Expenses | $852M |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $2.8B |
| Interest Income | $64M |
| Interest Expense | $360M |
| Other Income/Expenses | -$287M |
| INCOME BEFORE TAX | $2.5B |
| Income Tax Expense | $476M |
| 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 | $498M |
| EBIT | $2.9B |
| EBITDA | $3.4B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $6.4B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $3.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $731M |
| Other Expenses | $121M |
| Operating Expenses | $852M |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $2.8B |
| Interest Income | $64M |
| Interest Expense | $360M |
| Other Income/Expenses | -$287M |
| INCOME BEFORE TAX | $2.5B |
| Income Tax Expense | $476M |
| 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 | $498M |
| EBIT | $2.9B |
| EBITDA | $3.4B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $2.0B |
| Depreciation & Amortization | $498M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | -$272M |
| Other Non-Cash Items | -$33M |
| Change in Working Capital | $219M |
| OPERATING CASH FLOW | $2.5B |
| Capital Expenditure | -$757M |
| Acquisitions (Net) | -$38M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$44M |
| NET CASH FROM INVESTING | -$839M |
| Net Debt Issuance | $1.5B |
| Common Stock Repurchased | -$852M |
| Common Dividends Paid | -$1.2B |
| Other Financing Activities | $17M |
| NET CASH FROM FINANCING | -$586M |
| FREE CASH FLOW | $1.7B |
| Net Change in Cash | $1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.6B |
| Short-Term Investments | $0 |
| Net Receivables | $2.5B |
| Inventory | $53M |
| Other Current Assets | $866M |
| TOTAL CURRENT ASSETS | $8.0B |
| PP&E (Net) | $38.4B |
| Goodwill | $3.0B |
| Intangible Assets | $0 |
| Long-Term Investments | $1.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.6B |
| TOTAL NON-CURRENT ASSETS | $48.2B |
| TOTAL ASSETS | $56.1B |
| Account Payables | $1.1B |
| Short-Term Debt | $2.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $6.9B |
| Long-Term Debt | $37.2B |
| Deferred Revenue NC | $790M |
| Deferred Tax Liabilities | $1.7B |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $54.0B |
| TOTAL LIABILITIES | $60.9B |
| Common Stock | $17M |
| Additional Paid-In Capital | $8.9B |
| Retained Earnings | $63.5B |
| Treasury Stock | -$74.6B |
| Accum. Other Comp. Income | -$2.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$4.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$4.7B |
| TOTAL LIABILITIES & EQUITY | $56.1B |
| Total Debt | $53.1B |
| Net Debt | $48.5B |
