| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.8B | $1.8B | $5.1B | 53.6% | -45.4% |
| Op. Income | $6M | -$2.0B | $1.6B | 100.3% | -99.6% |
| Gross Margin | 67.0% | -22.4% | 62.8% | 89.4pp | 4.2pp |
| Net Margin | 7.7% | -198.3% | 28.5% | 206.0pp | -20.7pp |
| EPS (Diluted) | $0.55 | $-9.53 | $3.62 | 105.8% | -84.8% |
| Free Cash Flow | $402M | -$1.7B | $1.6B | 123.1% | -74.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $929M |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $1.4B |
| Selling & Marketing | $204M |
| General & Administrative | $266M |
| SG&A Expenses | $470M |
| Other Expenses | $2M |
| Operating Expenses | $1.9B |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $6M |
| Interest Income | $103M |
| Interest Expense | $6M |
| Other Income/Expenses | $64M |
| INCOME BEFORE TAX | $70M |
| Income Tax Expense | -$147M |
| Net Income from Continuing Ops | $217M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $217M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $217M |
| D&A | $202M |
| EBIT | $76M |
| EBITDA | $278M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $929M |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $1.4B |
| Selling & Marketing | $204M |
| General & Administrative | $266M |
| SG&A Expenses | $470M |
| Other Expenses | $2M |
| Operating Expenses | $1.9B |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $6M |
| Interest Income | $103M |
| Interest Expense | $6M |
| Other Income/Expenses | $64M |
| INCOME BEFORE TAX | $70M |
| Income Tax Expense | -$147M |
| Net Income from Continuing Ops | $217M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $217M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $217M |
| D&A | $202M |
| EBIT | $76M |
| EBITDA | $278M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $217M |
| Depreciation & Amortization | $202M |
| Stock-Based Compensation | $79M |
| Deferred Income Tax | -$106M |
| Other Non-Cash Items | -$19M |
| Change in Working Capital | $249M |
| OPERATING CASH FLOW | $622M |
| Capital Expenditure | -$220M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.7B |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$538M |
| Net Debt Issuance | -$124M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$109M |
| FREE CASH FLOW | $402M |
| Net Change in Cash | -$25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.9B |
| Short-Term Investments | $5.7B |
| Net Receivables | $1.1B |
| Inventory | $202M |
| Other Current Assets | $88M |
| TOTAL CURRENT ASSETS | $10.3B |
| PP&E (Net) | $2.7B |
| Goodwill | $52M |
| Intangible Assets | $44M |
| Long-Term Investments | $4.7B |
| Tax Assets | $81M |
| Other Non-Current Assets | $523M |
| TOTAL NON-CURRENT ASSETS | $8.1B |
| TOTAL ASSETS | $18.4B |
| Account Payables | $520M |
| Short-Term Debt | $0 |
| Deferred Revenue | $568M |
| Other Current Liabilities | $842M |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $83M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $256M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $4.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $371M |
| Retained Earnings | $13.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$123M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $13.9B |
| TOTAL LIABILITIES & EQUITY | $18.4B |
| Total Debt | $1.2B |
| Net Debt | -$1.7B |
