| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $690M | $657M | $623M | 4.9% | 10.8% |
| Op. Income | $169M | $192M | $262M | -12.2% | -35.6% |
| Gross Margin | 65.7% | 66.5% | 85.0% | -0.8pp | -19.3pp |
| Net Margin | 19.2% | 22.5% | 32.2% | -3.3pp | -13.0pp |
| EPS (Diluted) | $0.44 | $0.49 | $0.67 | -10.2% | -34.3% |
| Free Cash Flow | $63M | $218M | $118M | -71.3% | -47.0% |
| Item | Amount |
|---|---|
| REVENUE | $690M |
| Cost of Revenue | $237M |
| GROSS PROFIT | $453M |
| R&D Expenses | $0 |
| Selling & Marketing | $11M |
| General & Administrative | $169M |
| SG&A Expenses | $180M |
| Other Expenses | $104M |
| Operating Expenses | $284M |
| Cost & Expenses | $521M |
| OPERATING INCOME | $169M |
| Interest Income | $590M |
| Interest Expense | $225M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $169M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $132M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $132M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $128M |
| D&A | $16M |
| EBIT | $169M |
| EBITDA | $185M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $690M |
| Cost of Revenue | $237M |
| GROSS PROFIT | $453M |
| R&D Expenses | $0 |
| Selling & Marketing | $11M |
| General & Administrative | $169M |
| SG&A Expenses | $180M |
| Other Expenses | $104M |
| Operating Expenses | $284M |
| Cost & Expenses | $521M |
| OPERATING INCOME | $169M |
| Interest Income | $590M |
| Interest Expense | $225M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $169M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $132M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $132M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $128M |
| D&A | $16M |
| EBIT | $169M |
| EBITDA | $185M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $132M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | -$19M |
| Change in Working Capital | -$69M |
| OPERATING CASH FLOW | $73M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$465M |
| Sales/Maturities of Investments | $534M |
| Other Investing Activities | -$316M |
| NET CASH FROM INVESTING | -$257M |
| Net Debt Issuance | -$247M |
| Common Stock Repurchased | -$42.0K |
| Common Dividends Paid | -$45M |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$304M |
| FREE CASH FLOW | $63M |
| Net Change in Cash | -$488M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $6.7B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $7.9B |
| PP&E (Net) | $565M |
| Goodwill | $2.0B |
| Intangible Assets | $102M |
| Long-Term Investments | $35.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.7B |
| TOTAL NON-CURRENT ASSETS | $41.2B |
| TOTAL ASSETS | $49.1B |
| Account Payables | $0 |
| Short-Term Debt | $286M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $37.2B |
| TOTAL CURRENT LIABILITIES | $38.5B |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $5.0B |
| TOTAL LIABILITIES | $43.5B |
| Common Stock | $293M |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | $1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$739M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.6B |
| TOTAL LIABILITIES & EQUITY | $49.1B |
| Total Debt | $5.3B |
| Net Debt | $4.2B |
