| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13.0B | $10.1B | $5.8B | 29.1% | 123.2% |
| Op. Income | $3.3B | $2.4B | $1.3B | 34.5% | 145.7% |
| Gross Margin | 60.5% | 61.0% | 77.6% | -0.5pp | -17.0pp |
| Net Margin | 26.2% | 22.6% | 23.7% | 3.6pp | 2.5pp |
| EPS (Diluted) | $2.31 | $1.55 | $0.95 | 49.4% | 142.9% |
| Free Cash Flow | $5.3B | $4.8B | $470M | 11.6% | 1029.7% |
| Item | Amount |
|---|---|
| REVENUE | $13.0B |
| Cost of Revenue | $5.1B |
| GROSS PROFIT | $7.9B |
| R&D Expenses | $419M |
| Selling & Marketing | $3.9B |
| General & Administrative | $278M |
| SG&A Expenses | $4.2B |
| Other Expenses | $0 |
| Operating Expenses | $4.6B |
| Cost & Expenses | $9.7B |
| OPERATING INCOME | $3.3B |
| Interest Income | $637M |
| Interest Expense | $1M |
| Other Income/Expenses | $652M |
| INCOME BEFORE TAX | $3.9B |
| Income Tax Expense | $523M |
| Net Income from Continuing Ops | $3.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.4B |
| Net Income Deductions | -$6M |
| BOTTOM LINE NET INCOME | $3.4B |
| D&A | $29M |
| EBIT | $3.3B |
| EBITDA | $3.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $13.0B |
| Cost of Revenue | $5.1B |
| GROSS PROFIT | $7.9B |
| R&D Expenses | $419M |
| Selling & Marketing | $3.9B |
| General & Administrative | $278M |
| SG&A Expenses | $4.2B |
| Other Expenses | $0 |
| Operating Expenses | $4.6B |
| Cost & Expenses | $9.7B |
| OPERATING INCOME | $3.3B |
| Interest Income | $637M |
| Interest Expense | $1M |
| Other Income/Expenses | $652M |
| INCOME BEFORE TAX | $3.9B |
| Income Tax Expense | $523M |
| Net Income from Continuing Ops | $3.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.4B |
| Net Income Deductions | -$6M |
| BOTTOM LINE NET INCOME | $3.4B |
| D&A | $29M |
| EBIT | $3.3B |
| EBITDA | $3.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $3.4B |
| Depreciation & Amortization | $276M |
| Stock-Based Compensation | $319M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$664M |
| Change in Working Capital | $2.1B |
| OPERATING CASH FLOW | $5.4B |
| Capital Expenditure | -$85M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2.4B |
| NET CASH FROM INVESTING | -$2.4B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1.3B |
| NET CASH FROM FINANCING | -$1.3B |
| FREE CASH FLOW | $5.3B |
| Net Change in Cash | $1.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.7B |
| Short-Term Investments | $23.0B |
| Net Receivables | $1.1B |
| Inventory | $0 |
| Other Current Assets | $10.1B |
| TOTAL CURRENT ASSETS | $43.1B |
| PP&E (Net) | $743M |
| Goodwill | $0 |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $40M |
| Other Non-Current Assets | $7.0B |
| TOTAL NON-CURRENT ASSETS | $7.8B |
| TOTAL ASSETS | $50.9B |
| Account Payables | $13.4B |
| Short-Term Debt | $95M |
| Deferred Revenue | $313M |
| Other Current Liabilities | $3.2B |
| TOTAL CURRENT LIABILITIES | $22.3B |
| Long-Term Debt | $764M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $23.5B |
| Common Stock | $25.9K |
| Additional Paid-In Capital | $15.7B |
| Retained Earnings | $11.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $706M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $27.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $27.4B |
| TOTAL LIABILITIES & EQUITY | $50.9B |
| Total Debt | $1.5B |
| Net Debt | -$7.3B |
