| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $56.2B | $52.9B | $51.9B | 6.3% | 8.3% |
| Op. Income | $24.3B | $22.4B | $20.5B | 8.5% | 18.1% |
| Gross Margin | 70.1% | 69.5% | 68.3% | 0.6pp | 1.8pp |
| Net Margin | 35.7% | 34.6% | 32.3% | 1.1pp | 3.5pp |
| EPS (Diluted) | $2.69 | $2.45 | $2.23 | 9.8% | 20.6% |
| Free Cash Flow | $19.8B | $17.8B | $17.8B | 11.2% | 11.7% |
| Item | Amount |
|---|---|
| REVENUE | $56.2B |
| Cost of Revenue | $16.8B |
| GROSS PROFIT | $39.4B |
| R&D Expenses | $6.7B |
| Selling & Marketing | $6.2B |
| General & Administrative | $2.2B |
| SG&A Expenses | $8.4B |
| Other Expenses | $0 |
| Operating Expenses | $15.1B |
| Cost & Expenses | $31.9B |
| OPERATING INCOME | $24.3B |
| Interest Income | $905M |
| Interest Expense | $482M |
| Other Income/Expenses | $473M |
| INCOME BEFORE TAX | $24.7B |
| Income Tax Expense | $4.6B |
| Net Income from Continuing Ops | $20.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20.1B |
| D&A | $3.9B |
| EBIT | $25.2B |
| EBITDA | $29.1B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $56.2B |
| Cost of Revenue | $16.8B |
| GROSS PROFIT | $39.4B |
| R&D Expenses | $6.7B |
| Selling & Marketing | $6.2B |
| General & Administrative | $2.2B |
| SG&A Expenses | $8.4B |
| Other Expenses | $0 |
| Operating Expenses | $15.1B |
| Cost & Expenses | $31.9B |
| OPERATING INCOME | $24.3B |
| Interest Income | $905M |
| Interest Expense | $482M |
| Other Income/Expenses | $473M |
| INCOME BEFORE TAX | $24.7B |
| Income Tax Expense | $4.6B |
| Net Income from Continuing Ops | $20.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20.1B |
| D&A | $3.9B |
| EBIT | $25.2B |
| EBITDA | $29.1B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $20.1B |
| Depreciation & Amortization | $3.9B |
| Stock-Based Compensation | $2.4B |
| Deferred Income Tax | -$1.9B |
| Other Non-Cash Items | $44M |
| Change in Working Capital | $4.2B |
| OPERATING CASH FLOW | $28.8B |
| Capital Expenditure | -$8.9B |
| Acquisitions (Net) | -$341M |
| Purchases of Investments | -$12.0B |
| Sales/Maturities of Investments | $12.4B |
| Other Investing Activities | -$269M |
| NET CASH FROM INVESTING | -$9.1B |
| Net Debt Issuance | -$1.0B |
| Common Stock Repurchased | -$5.7B |
| Common Dividends Paid | -$5.1B |
| Other Financing Activities | -$167M |
| NET CASH FROM FINANCING | -$11.4B |
| FREE CASH FLOW | $19.8B |
| Net Change in Cash | $8.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34.7B |
| Short-Term Investments | $76.6B |
| Net Receivables | $48.7B |
| Inventory | $2.5B |
| Other Current Assets | $21.8B |
| TOTAL CURRENT ASSETS | $184.3B |
| PP&E (Net) | $110.0B |
| Goodwill | $67.9B |
| Intangible Assets | $9.4B |
| Long-Term Investments | $9.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $30.6B |
| TOTAL NON-CURRENT ASSETS | $227.7B |
| TOTAL ASSETS | $412.0B |
| Account Payables | $18.1B |
| Short-Term Debt | $5.2B |
| Deferred Revenue | $50.9B |
| Other Current Liabilities | $22.1B |
| TOTAL CURRENT LIABILITIES | $104.1B |
| Long-Term Debt | $42.0B |
| Deferred Revenue NC | $2.9B |
| Deferred Tax Liabilities | $433M |
| Other Non-Current Liabilities | $27.7B |
| TOTAL NON-CURRENT LIABILITIES | $101.6B |
| TOTAL LIABILITIES | $205.8B |
| Common Stock | $93.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $118.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $206.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $206.2B |
| TOTAL LIABILITIES & EQUITY | $412.0B |
| Total Debt | $79.4B |
| Net Debt | $44.7B |
