| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.6B | — | $4.1B | — | 12.1% |
| Op. Income | $1.0B | — | $901M | — | 11.7% |
| Gross Margin | 52.0% | — | 54.7% | — | -2.7pp |
| Net Margin | 16.9% | — | 16.9% | — | -0.1pp |
| EPS (Diluted) | $56.48 | — | $49.05 | — | 15.1% |
| Free Cash Flow | $719M | — | $784M | — | -8.3% |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.4B |
| Operating Expenses | $1.4B |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $1.0B |
| Interest Income | $218M |
| Interest Expense | $44M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $213M |
| Net Income from Continuing Ops | $794M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $769M |
| Net Income Deductions | -$6M |
| BOTTOM LINE NET INCOME | $758M |
| D&A | $44M |
| EBIT | $1.1B |
| EBITDA | $1.1B |
| EPS | $57 |
| EPS Diluted | $56 |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.4B |
| Operating Expenses | $1.4B |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $1.0B |
| Interest Income | $218M |
| Interest Expense | $44M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $213M |
| Net Income from Continuing Ops | $794M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $769M |
| Net Income Deductions | -$6M |
| BOTTOM LINE NET INCOME | $758M |
| D&A | $44M |
| EBIT | $1.1B |
| EBITDA | $1.1B |
| EPS | $57 |
| EPS Diluted | $56 |
| Item | Amount |
|---|---|
| Net Income | $769M |
| Depreciation & Amortization | $102M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1.6B |
| Change in Working Capital | $1.5B |
| OPERATING CASH FLOW | $823M |
| Capital Expenditure | -$104M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1.3B |
| NET CASH FROM INVESTING | -$1.4B |
| Net Debt Issuance | $11M |
| Common Stock Repurchased | -$176M |
| Common Dividends Paid | -$18M |
| Other Financing Activities | -$18M |
| NET CASH FROM FINANCING | -$200M |
| FREE CASH FLOW | $719M |
| Net Change in Cash | -$713M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.3B |
| Short-Term Investments | $0 |
| Net Receivables | $2.6B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $7.0B |
| PP&E (Net) | $1.9B |
| Goodwill | $2.6B |
| Intangible Assets | $1.6B |
| Long-Term Investments | $27.1B |
| Tax Assets | $24M |
| Other Non-Current Assets | $3.2B |
| TOTAL NON-CURRENT ASSETS | $36.5B |
| TOTAL ASSETS | $43.4B |
| Account Payables | $1.0B |
| Short-Term Debt | $202M |
| Deferred Revenue | $4.3B |
| Other Current Liabilities | -$5.5B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $4.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.2B |
| Other Non-Current Liabilities | $22.0B |
| TOTAL NON-CURRENT LIABILITIES | $27.9B |
| TOTAL LIABILITIES | $27.9B |
| Common Stock | $3.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $11.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$478M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.0B |
| Minority Interest | $542M |
| TOTAL EQUITY | $15.5B |
| TOTAL LIABILITIES & EQUITY | $43.4B |
| Total Debt | $5.0B |
| Net Debt | $636M |