| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.5B | $1.7B | 3.6% | -5.9% |
| Op. Income | $309M | $172M | $293M | 79.7% | 5.5% |
| Gross Margin | 68.0% | 65.6% | 64.7% | 2.4pp | 3.3pp |
| Net Margin | 15.5% | 4.3% | 15.4% | 11.2pp | 0.1pp |
| EPS (Diluted) | $1.13 | $0.30 | $1.14 | 276.7% | -0.9% |
| Free Cash Flow | $196M | $319M | $343M | -38.6% | -42.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $506M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $243M |
| Selling & Marketing | $442M |
| General & Administrative | $67M |
| SG&A Expenses | $509M |
| Other Expenses | $14M |
| Operating Expenses | $766M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $309M |
| Interest Income | $27M |
| Interest Expense | $16M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $314M |
| Income Tax Expense | $69M |
| Net Income from Continuing Ops | $245M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $245M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $245M |
| D&A | $66M |
| EBIT | $330M |
| EBITDA | $396M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $506M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $243M |
| Selling & Marketing | $442M |
| General & Administrative | $67M |
| SG&A Expenses | $509M |
| Other Expenses | $14M |
| Operating Expenses | $766M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $309M |
| Interest Income | $27M |
| Interest Expense | $16M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $314M |
| Income Tax Expense | $69M |
| Net Income from Continuing Ops | $245M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $245M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $245M |
| D&A | $66M |
| EBIT | $330M |
| EBITDA | $396M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $245M |
| Depreciation & Amortization | $66M |
| Stock-Based Compensation | $74M |
| Deferred Income Tax | -$29M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$135M |
| OPERATING CASH FLOW | $235M |
| Capital Expenditure | -$39M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$507M |
| Sales/Maturities of Investments | $262M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$285M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$150M |
| Common Dividends Paid | -$106M |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | -$269M |
| FREE CASH FLOW | $196M |
| Net Change in Cash | -$324M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $754M |
| Net Receivables | $987M |
| Inventory | $167M |
| Other Current Assets | $456M |
| TOTAL CURRENT ASSETS | $4.7B |
| PP&E (Net) | $931M |
| Goodwill | $2.8B |
| Intangible Assets | $181M |
| Long-Term Investments | $0 |
| Tax Assets | $948M |
| Other Non-Current Assets | $319M |
| TOTAL NON-CURRENT ASSETS | $5.1B |
| TOTAL ASSETS | $9.8B |
| Account Payables | $392M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2.2B |
| Other Current Liabilities | $810M |
| TOTAL CURRENT LIABILITIES | $3.5B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $2.1B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $460M |
| TOTAL NON-CURRENT LIABILITIES | $5.2B |
| TOTAL LIABILITIES | $8.7B |
| Common Stock | $945M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $265M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$51M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $9.8B |
| Total Debt | $2.7B |
| Net Debt | $368M |
