| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14.6B | $13.5B | $24.3B | 8.0% | -40.0% |
| Op. Income | -$1.3B | -$3.0B | $5.3B | 58.0% | -123.6% |
| Gross Margin | 41.0% | 21.4% | 55.1% | 19.6pp | -14.1pp |
| Net Margin | -22.9% | -17.7% | 20.6% | -5.2pp | -43.5pp |
| EPS (Diluted) | $-0.60 | $-0.42 | $0.87 | -40.7% | -168.6% |
| Free Cash Flow | $4.2B | $2.6B | $7.6B | 58.6% | -44.7% |
| Item | Amount |
|---|---|
| REVENUE | $14.6B |
| Cost of Revenue | $8.6B |
| GROSS PROFIT | $6.0B |
| R&D Expenses | $2.8B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4.5B |
| Other Expenses | $0 |
| Operating Expenses | $7.2B |
| Cost & Expenses | $15.8B |
| OPERATING INCOME | -$1.3B |
| Interest Income | $609M |
| Interest Expense | $689M |
| Other Income/Expenses | -$2.9B |
| INCOME BEFORE TAX | -$4.1B |
| Income Tax Expense | -$794M |
| Net Income from Continuing Ops | -$3.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3.3B |
| Net Income Deductions | $26M |
| BOTTOM LINE NET INCOME | -$3.4B |
| D&A | $1.7B |
| EBIT | -$3.4B |
| EBITDA | -$1.8B |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$3.3B |
| Depreciation & Amortization | $1.7B |
| Stock-Based Compensation | $121M |
| Deferred Income Tax | -$1.9B |
| Other Non-Cash Items | $201M |
| Change in Working Capital | $8.4B |
| OPERATING CASH FLOW | $5.2B |
| Capital Expenditure | -$1.0B |
| Acquisitions (Net) | -$43.4B |
| Purchases of Investments | -$874M |
| Sales/Maturities of Investments | $34.3B |
| Other Investing Activities | $15M |
| NET CASH FROM INVESTING | -$11.0B |
| Net Debt Issuance | $7.8B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2.3B |
| Other Financing Activities | -$18M |
| NET CASH FROM FINANCING | $5.4B |
| FREE CASH FLOW | $4.2B |
| Net Change in Cash | -$295M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.9B |
| Short-Term Investments | $9.8B |
| Net Receivables | $15.5B |
| Inventory | $10.2B |
| Other Current Assets | $4.9B |
| TOTAL CURRENT ASSETS | $43.3B |
| PP&E (Net) | $18.9B |
| Goodwill | $67.8B |
| Intangible Assets | $64.9B |
| Long-Term Investments | $15.4B |
| Tax Assets | $3.7B |
| Other Non-Current Assets | $12.5B |
| TOTAL NON-CURRENT ASSETS | $183.2B |
| TOTAL ASSETS | $226.5B |
| Account Payables | $6.7B |
| Short-Term Debt | $10.3B |
| Deferred Revenue | $2.7B |
| Other Current Liabilities | $23.3B |
| TOTAL CURRENT LIABILITIES | $47.8B |
| Long-Term Debt | $60.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $640M |
| Other Non-Current Liabilities | $28.3B |
| TOTAL NON-CURRENT LIABILITIES | $89.4B |
| TOTAL LIABILITIES | $137.2B |
| Common Stock | $478M |
| Additional Paid-In Capital | $92.6B |
| Retained Earnings | $118.4B |
| Treasury Stock | -$114.5B |
| Accum. Other Comp. Income | -$8.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $89.0B |
| Minority Interest | $274M |
| TOTAL EQUITY | $89.3B |
| TOTAL LIABILITIES & EQUITY | $226.5B |
| Total Debt | $70.8B |
| Net Debt | $68.0B |
