| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14.6B | $16.0B | $13.8B | -8.3% | 5.8% |
| Op. Income | -$1.7B | $5.9B | $3.5B | -129.2% | -149.1% |
| Gross Margin | 73.3% | 73.3% | 71.9% | -0.0pp | 1.3pp |
| Net Margin | -8.4% | 29.7% | 21.8% | -38.1pp | -30.2pp |
| EPS (Diluted) | $-0.48 | $1.86 | $1.18 | -125.8% | -140.7% |
| Free Cash Flow | -$743M | $6.8B | $3.3B | -110.9% | -122.6% |
| Item | Amount |
|---|---|
| REVENUE | $14.6B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $10.7B |
| R&D Expenses | $9.6B |
| Selling & Marketing | $2.3B |
| General & Administrative | $341M |
| SG&A Expenses | $2.6B |
| Other Expenses | $163M |
| Operating Expenses | $12.4B |
| Cost & Expenses | $16.3B |
| OPERATING INCOME | -$1.7B |
| Interest Income | $70M |
| Interest Expense | $310M |
| Other Income/Expenses | -$333M |
| INCOME BEFORE TAX | -$2.0B |
| Income Tax Expense | -$820M |
| Net Income from Continuing Ops | -$1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.2B |
| D&A | $964M |
| EBIT | -$1.7B |
| EBITDA | -$772M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1.2B |
| Depreciation & Amortization | $964M |
| Stock-Based Compensation | $167M |
| Deferred Income Tax | -$931M |
| Other Non-Cash Items | $1.1B |
| Change in Working Capital | $144M |
| OPERATING CASH FLOW | $246M |
| Capital Expenditure | -$989M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$251M |
| Sales/Maturities of Investments | $169M |
| Other Investing Activities | $1.1B |
| NET CASH FROM INVESTING | $53M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$393M |
| Common Dividends Paid | -$1.9B |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$2.2B |
| FREE CASH FLOW | -$743M |
| Net Change in Cash | -$1.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.8B |
| Short-Term Investments | $252M |
| Net Receivables | $10.3B |
| Inventory | $6.4B |
| Other Current Assets | $8.4B |
| TOTAL CURRENT ASSETS | $32.2B |
| PP&E (Net) | $23.1B |
| Goodwill | $21.2B |
| Intangible Assets | $18.0B |
| Long-Term Investments | $252M |
| Tax Assets | $0 |
| Other Non-Current Assets | $12.0B |
| TOTAL NON-CURRENT ASSETS | $74.5B |
| TOTAL ASSETS | $106.7B |
| Account Payables | $3.9B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$285M |
| TOTAL CURRENT LIABILITIES | $25.7B |
| Long-Term Debt | $33.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $871M |
| Other Non-Current Liabilities | $7.9B |
| TOTAL NON-CURRENT LIABILITIES | $43.3B |
| TOTAL LIABILITIES | $69.0B |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $44.5B |
| Retained Earnings | $53.9B |
| Treasury Stock | -$57.5B |
| Accum. Other Comp. Income | -$5.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $37.6B |
| Minority Interest | $54M |
| TOTAL EQUITY | $37.6B |
| TOTAL LIABILITIES & EQUITY | $106.7B |
| Total Debt | $36.3B |
| Net Debt | $29.4B |
