| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.8B | $2.3B | 10.3% | -17.2% |
| Op. Income | $237M | $64M | $649M | 272.1% | -63.4% |
| Gross Margin | 63.4% | 62.6% | 76.0% | 0.8pp | -12.5pp |
| Net Margin | 9.8% | 3.0% | 21.8% | 6.8pp | -12.0pp |
| EPS (Diluted) | $0.69 | $0.19 | $1.69 | 263.2% | -59.2% |
| Free Cash Flow | $283M | $350M | $267M | -19.0% | 6.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $710M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $994M |
| Operating Expenses | $994M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $237M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $237M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $191M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$100.0K |
| NET INCOME | $191M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $191M |
| D&A | $0 |
| EBIT | $254M |
| EBITDA | $254M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $710M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $994M |
| Operating Expenses | $994M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $237M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $237M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $191M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$100.0K |
| NET INCOME | $191M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $191M |
| D&A | $0 |
| EBIT | $254M |
| EBITDA | $254M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $191M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | -$53M |
| Other Non-Cash Items | $137M |
| Change in Working Capital | -$44M |
| OPERATING CASH FLOW | $283M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.3B |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | -$100.0K |
| NET CASH FROM INVESTING | -$114M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$56M |
| Common Dividends Paid | -$67M |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | -$118M |
| FREE CASH FLOW | $283M |
| Net Change in Cash | $51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $203M |
| Short-Term Investments | $13.2B |
| Net Receivables | $7.4B |
| Inventory | $0 |
| Other Current Assets | -$21.5B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $15.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$15.8B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $26.5B |
| Account Payables | $0 |
| Short-Term Debt | $400M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$932M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $106M |
| Other Non-Current Liabilities | -$1.3B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $20.1B |
| Common Stock | $278M |
| Additional Paid-In Capital | $679M |
| Retained Earnings | $5.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$132M |
| Other Equity | -$58M |
| TOTAL STOCKHOLDERS' EQUITY | $6.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.4B |
| TOTAL LIABILITIES & EQUITY | $26.5B |
| Total Debt | $1.6B |
| Net Debt | $1.4B |
