| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16.9B | $15.6B | $13.5B | 8.6% | 25.4% |
| Op. Income | $2.5B | $1.4B | $1.0B | 77.5% | 144.2% |
| Gross Margin | 24.8% | 19.2% | 19.2% | 5.6pp | 5.6pp |
| Net Margin | 11.8% | 7.2% | 6.1% | 4.6pp | 5.6pp |
| EPS (Diluted) | $3.37 | $1.89 | $1.40 | 78.3% | 140.7% |
| Free Cash Flow | $2.4B | $3.4B | $883M | -30.4% | 166.8% |
| Item | Amount |
|---|---|
| REVENUE | $16.9B |
| Cost of Revenue | $12.7B |
| GROSS PROFIT | $4.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.7B |
| Operating Expenses | $1.7B |
| Cost & Expenses | $14.4B |
| OPERATING INCOME | $2.5B |
| Interest Income | $0 |
| Interest Expense | $70M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.5B |
| Income Tax Expense | $516M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $76M |
| EBIT | $2.6B |
| EBITDA | $2.6B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $16.9B |
| Cost of Revenue | $12.7B |
| GROSS PROFIT | $4.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.7B |
| Operating Expenses | $1.7B |
| Cost & Expenses | $14.4B |
| OPERATING INCOME | $2.5B |
| Interest Income | $0 |
| Interest Expense | $70M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.5B |
| Income Tax Expense | $516M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $76M |
| EBIT | $2.6B |
| EBITDA | $2.6B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $2.0B |
| Depreciation & Amortization | $76M |
| Stock-Based Compensation | $35M |
| Deferred Income Tax | -$187M |
| Other Non-Cash Items | -$54M |
| Change in Working Capital | $580M |
| OPERATING CASH FLOW | $2.4B |
| Capital Expenditure | -$82M |
| Acquisitions (Net) | $12M |
| Purchases of Investments | -$6.9B |
| Sales/Maturities of Investments | $4.8B |
| Other Investing Activities | -$213M |
| NET CASH FROM INVESTING | -$2.3B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$61M |
| Common Dividends Paid | -$59M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$130M |
| FREE CASH FLOW | $2.4B |
| Net Change in Cash | -$39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $85M |
| Short-Term Investments | $62.2B |
| Net Receivables | $17.1B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $79.6B |
| PP&E (Net) | $881M |
| Goodwill | $228M |
| Intangible Assets | $1.7B |
| Long-Term Investments | $66.0B |
| Tax Assets | $936M |
| Other Non-Current Assets | -$60.6B |
| TOTAL NON-CURRENT ASSETS | $9.1B |
| TOTAL ASSETS | $88.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $6.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $61.5B |
| TOTAL NON-CURRENT LIABILITIES | $68.4B |
| TOTAL LIABILITIES | $68.4B |
| Common Stock | $585M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $18.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $20.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $20.3B |
| TOTAL LIABILITIES & EQUITY | $88.7B |
| Total Debt | $6.9B |
| Net Debt | $6.8B |
