| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $866M | $882M | — | -1.7% | — |
| Op. Income | $260M | $244M | — | 6.9% | — |
| Gross Margin | 72.1% | 71.0% | — | 1.1pp | — |
| Net Margin | 26.5% | 18.6% | — | 7.9pp | — |
| EPS (Diluted) | $0.81 | $0.57 | — | 42.1% | — |
| Free Cash Flow | $259M | $278M | — | -7.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $866M |
| Cost of Revenue | $241M |
| GROSS PROFIT | $625M |
| R&D Expenses | $98M |
| Selling & Marketing | $159M |
| General & Administrative | $108M |
| SG&A Expenses | $267M |
| Other Expenses | $0 |
| Operating Expenses | $365M |
| Cost & Expenses | $606M |
| OPERATING INCOME | $260M |
| Interest Income | $27M |
| Interest Expense | $40M |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | $225M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | $230M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $230M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $233M |
| D&A | $33M |
| EBIT | $260M |
| EBITDA | $293M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $866M |
| Cost of Revenue | $241M |
| GROSS PROFIT | $625M |
| R&D Expenses | $98M |
| Selling & Marketing | $159M |
| General & Administrative | $108M |
| SG&A Expenses | $267M |
| Other Expenses | $0 |
| Operating Expenses | $365M |
| Cost & Expenses | $606M |
| OPERATING INCOME | $260M |
| Interest Income | $27M |
| Interest Expense | $40M |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | $225M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | $230M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $230M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $233M |
| D&A | $33M |
| EBIT | $260M |
| EBITDA | $293M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $230M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $68M |
| Deferred Income Tax | -$18M |
| Other Non-Cash Items | $17M |
| Change in Working Capital | -$40M |
| OPERATING CASH FLOW | $276M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | -$12M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$46.0K |
| NET CASH FROM INVESTING | -$29M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$101M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$98M |
| FREE CASH FLOW | $259M |
| Net Change in Cash | $155M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $862M |
| Short-Term Investments | $6M |
| Net Receivables | $299M |
| Inventory | $0 |
| Other Current Assets | $58M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $195M |
| Goodwill | $2.3B |
| Intangible Assets | $306M |
| Long-Term Investments | $0 |
| Tax Assets | $260M |
| Other Non-Current Assets | $134M |
| TOTAL NON-CURRENT ASSETS | $3.2B |
| TOTAL ASSETS | $4.5B |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $211M |
| Other Current Liabilities | $183M |
| TOTAL CURRENT LIABILITIES | $532M |
| Long-Term Debt | $3.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $26M |
| Other Non-Current Liabilities | $127M |
| TOTAL NON-CURRENT LIABILITIES | $4.0B |
| TOTAL LIABILITIES | $4.5B |
| Common Stock | $290.0K |
| Additional Paid-In Capital | $8.5B |
| Retained Earnings | -$7.1B |
| Treasury Stock | -$1.0B |
| Accum. Other Comp. Income | -$385M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$20M |
| Minority Interest | $475.0K |
| TOTAL EQUITY | -$19M |
| TOTAL LIABILITIES & EQUITY | $4.5B |
| Total Debt | $3.8B |
| Net Debt | $3.0B |
