| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.3B | $3.2B | $2.8B | 3.0% | 19.8% |
| Op. Income | $626M | $907M | $1.0B | -31.0% | -38.1% |
| Gross Margin | 62.3% | 68.3% | 79.1% | -5.9pp | -16.7pp |
| Net Margin | 14.6% | 21.6% | 27.8% | -6.9pp | -13.2pp |
| EPS (Diluted) | $2.74 | $3.98 | $4.29 | -31.2% | -36.1% |
| Free Cash Flow | $712M | $1.4B | $866M | -47.3% | -17.7% |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $26M |
| General & Administrative | $755M |
| SG&A Expenses | $781M |
| Other Expenses | $649M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $626M |
| Interest Income | $2.7B |
| Interest Expense | $1.0B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $626M |
| Income Tax Expense | $143M |
| Net Income from Continuing Ops | $482M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $482M |
| Net Income Deductions | $10.0K |
| BOTTOM LINE NET INCOME | $456M |
| D&A | $129M |
| EBIT | $626M |
| EBITDA | $755M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $26M |
| General & Administrative | $755M |
| SG&A Expenses | $781M |
| Other Expenses | $649M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $626M |
| Interest Income | $2.7B |
| Interest Expense | $1.0B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $626M |
| Income Tax Expense | $143M |
| Net Income from Continuing Ops | $482M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $482M |
| Net Income Deductions | $10.0K |
| BOTTOM LINE NET INCOME | $456M |
| D&A | $129M |
| EBIT | $626M |
| EBITDA | $755M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $482M |
| Depreciation & Amortization | $129M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$57M |
| Other Non-Cash Items | $221M |
| Change in Working Capital | $25M |
| OPERATING CASH FLOW | $800M |
| Capital Expenditure | -$88M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$158M |
| Sales/Maturities of Investments | $682M |
| Other Investing Activities | $247M |
| NET CASH FROM INVESTING | $683M |
| Net Debt Issuance | -$455M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$216M |
| Other Financing Activities | -$833M |
| NET CASH FROM FINANCING | -$1.5B |
| FREE CASH FLOW | $712M |
| Net Change in Cash | -$38M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29.8B |
| Short-Term Investments | $10.4B |
| Net Receivables | $2.8B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $43.2B |
| PP&E (Net) | $1.7B |
| Goodwill | $8.5B |
| Intangible Assets | $147M |
| Long-Term Investments | $148.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.4B |
| TOTAL NON-CURRENT ASSETS | $165.1B |
| TOTAL ASSETS | $208.3B |
| Account Payables | $4.5B |
| Short-Term Debt | $5.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $163.3B |
| TOTAL CURRENT LIABILITIES | $173.1B |
| Long-Term Debt | $8.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $8.2B |
| TOTAL LIABILITIES | $181.3B |
| Common Stock | $91M |
| Additional Paid-In Capital | $10.0B |
| Retained Earnings | $17.5B |
| Treasury Stock | -$2.2B |
| Accum. Other Comp. Income | -$459M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $27.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $27.0B |
| TOTAL LIABILITIES & EQUITY | $208.3B |
| Total Debt | $13.5B |
| Net Debt | -$16.3B |
