| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.3B | $9.2B | $7.5B | 12.1% | 37.0% |
| Op. Income | $4.2B | $4.2B | $2.7B | -0.5% | 56.6% |
| Gross Margin | 84.8% | 83.5% | 82.8% | 1.3pp | 2.0pp |
| Net Margin | 33.3% | 38.3% | 28.3% | -4.9pp | 5.1pp |
| EPS (Diluted) | $0.77 | $0.78 | $0.47 | -1.8% | 63.1% |
| Free Cash Flow | -$1.1B | $4.8B | $335M | -122.7% | -421.7% |
| Item | Amount |
|---|---|
| REVENUE | $10.3B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $8.7B |
| R&D Expenses | $1.6B |
| Selling & Marketing | $2.7B |
| General & Administrative | $228M |
| SG&A Expenses | $2.9B |
| Other Expenses | -$470.0K |
| Operating Expenses | $4.6B |
| Cost & Expenses | $6.1B |
| OPERATING INCOME | $4.2B |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $134M |
| INCOME BEFORE TAX | $4.3B |
| Income Tax Expense | $886M |
| Net Income from Continuing Ops | $3.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.4B |
| D&A | $469M |
| EBIT | $4.0B |
| EBITDA | $4.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $10.3B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $8.7B |
| R&D Expenses | $1.6B |
| Selling & Marketing | $2.7B |
| General & Administrative | $228M |
| SG&A Expenses | $2.9B |
| Other Expenses | -$470.0K |
| Operating Expenses | $4.6B |
| Cost & Expenses | $6.1B |
| OPERATING INCOME | $4.2B |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $134M |
| INCOME BEFORE TAX | $4.3B |
| Income Tax Expense | $886M |
| Net Income from Continuing Ops | $3.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.4B |
| D&A | $469M |
| EBIT | $4.0B |
| EBITDA | $4.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3.4B |
| Depreciation & Amortization | $469M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $886M |
| Other Non-Cash Items | -$1.8B |
| Change in Working Capital | -$1.5B |
| OPERATING CASH FLOW | $1.5B |
| Capital Expenditure | -$2.6B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$149M |
| Sales/Maturities of Investments | $418M |
| Other Investing Activities | -$1.1B |
| NET CASH FROM INVESTING | -$2.3B |
| Net Debt Issuance | -$56M |
| Common Stock Repurchased | -$1.5B |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1.6B |
| FREE CASH FLOW | -$1.1B |
| Net Change in Cash | -$2.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $2.5B |
| Net Receivables | $11.8B |
| Inventory | $5.0B |
| Other Current Assets | $367M |
| TOTAL CURRENT ASSETS | $21.9B |
| PP&E (Net) | $14.3B |
| Goodwill | $699M |
| Intangible Assets | $8.8B |
| Long-Term Investments | $261M |
| Tax Assets | $3.2B |
| Other Non-Current Assets | $224M |
| TOTAL NON-CURRENT ASSETS | $27.4B |
| TOTAL ASSETS | $49.3B |
| Account Payables | $4.0B |
| Short-Term Debt | $831M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.0B |
| TOTAL CURRENT LIABILITIES | $26.6B |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.6B |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $6.0B |
| TOTAL LIABILITIES | $32.6B |
| Common Stock | $71M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $16.4B |
| Treasury Stock | -$783.3K |
| Accum. Other Comp. Income | $200M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $16.7B |
| TOTAL LIABILITIES & EQUITY | $49.3B |
| Total Debt | $4.2B |
| Net Debt | $2.0B |
