| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.1B | $5.9B | $7.6B | 2.0% | -20.8% |
| Op. Income | $1.3B | $601M | $3.0B | 109.0% | -57.7% |
| Gross Margin | 63.3% | 53.6% | 65.4% | 9.8pp | -2.1pp |
| Net Margin | 23.4% | 11.5% | 39.3% | 11.9pp | -15.9pp |
| EPS (Diluted) | $0.06 | $0.03 | $0.12 | 111.5% | -52.4% |
| Free Cash Flow | $1.7B | -$138M | $2.8B | 1360.1% | -37.0% |
| Item | Amount |
|---|---|
| REVENUE | $6.1B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $3.8B |
| R&D Expenses | $2.0B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $625M |
| Other Expenses | $0 |
| Operating Expenses | $2.6B |
| Cost & Expenses | $4.8B |
| OPERATING INCOME | $1.3B |
| Interest Income | $115M |
| Interest Expense | $64M |
| Other Income/Expenses | $32M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | -$126M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $426M |
| EBIT | $1.4B |
| EBITDA | $1.8B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $6.1B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $3.8B |
| R&D Expenses | $2.0B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $625M |
| Other Expenses | $0 |
| Operating Expenses | $2.6B |
| Cost & Expenses | $4.8B |
| OPERATING INCOME | $1.3B |
| Interest Income | $115M |
| Interest Expense | $64M |
| Other Income/Expenses | $32M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | -$126M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $426M |
| EBIT | $1.4B |
| EBITDA | $1.8B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $426M |
| Stock-Based Compensation | $738M |
| Deferred Income Tax | -$647M |
| Other Non-Cash Items | $30M |
| Change in Working Capital | $287M |
| OPERATING CASH FLOW | $2.2B |
| Capital Expenditure | -$509M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.1B |
| Sales/Maturities of Investments | $2.6B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.2B |
| Common Dividends Paid | -$98M |
| Other Financing Activities | -$345M |
| NET CASH FROM FINANCING | -$1.7B |
| FREE CASH FLOW | $1.7B |
| Net Change in Cash | $589M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.4B |
| Short-Term Investments | $9.9B |
| Net Receivables | $3.8B |
| Inventory | $5.2B |
| Other Current Assets | $791M |
| TOTAL CURRENT ASSETS | $23.1B |
| PP&E (Net) | $4.8B |
| Goodwill | $4.4B |
| Intangible Assets | $1.7B |
| Long-Term Investments | $299M |
| Tax Assets | $3.4B |
| Other Non-Current Assets | $3.5B |
| TOTAL NON-CURRENT ASSETS | $18.1B |
| TOTAL ASSETS | $41.2B |
| Account Payables | $1.2B |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $354M |
| Other Current Liabilities | $177M |
| TOTAL CURRENT LIABILITIES | $6.6B |
| Long-Term Debt | $9.7B |
| Deferred Revenue NC | $218M |
| Deferred Tax Liabilities | $247M |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $12.5B |
| TOTAL LIABILITIES | $19.1B |
| Common Stock | $2M |
| Additional Paid-In Capital | $12.0B |
| Retained Earnings | $10.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$43M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $22.1B |
| TOTAL LIABILITIES & EQUITY | $41.2B |
| Total Debt | $12.0B |
| Net Debt | $8.6B |
