| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.0B | $9.1B | — | -1.0% | — |
| Op. Income | $2.9B | $3.4B | — | -14.3% | — |
| Gross Margin | 62.1% | 65.5% | — | -3.4pp | — |
| Net Margin | 24.3% | 22.5% | — | 1.8pp | — |
| EPS (Diluted) | $1.41 | $1.32 | — | 6.8% | — |
| Free Cash Flow | $3.0B | $3.0B | — | -1.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $9.0B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $5.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2.0B |
| SG&A Expenses | $2.0B |
| Other Expenses | $701M |
| Operating Expenses | $2.7B |
| Cost & Expenses | $6.2B |
| OPERATING INCOME | $2.9B |
| Interest Income | $465M |
| Interest Expense | $738M |
| Other Income/Expenses | -$256M |
| INCOME BEFORE TAX | $2.6B |
| Income Tax Expense | $320M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.2B |
| Net Income Deductions | $5M |
| BOTTOM LINE NET INCOME | $2.2B |
| D&A | $369M |
| EBIT | $3.7B |
| EBITDA | $4.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $9.0B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $5.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2.0B |
| SG&A Expenses | $2.0B |
| Other Expenses | $701M |
| Operating Expenses | $2.7B |
| Cost & Expenses | $6.2B |
| OPERATING INCOME | $2.9B |
| Interest Income | $465M |
| Interest Expense | $738M |
| Other Income/Expenses | -$256M |
| INCOME BEFORE TAX | $2.6B |
| Income Tax Expense | $320M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.2B |
| Net Income Deductions | $5M |
| BOTTOM LINE NET INCOME | $2.2B |
| D&A | $369M |
| EBIT | $3.7B |
| EBITDA | $4.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.2B |
| Depreciation & Amortization | $369M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | -$364M |
| Other Non-Cash Items | $75M |
| Change in Working Capital | $989M |
| OPERATING CASH FLOW | $3.3B |
| Capital Expenditure | -$311M |
| Acquisitions (Net) | $1.8B |
| Purchases of Investments | $111M |
| Sales/Maturities of Investments | -$111M |
| Other Investing Activities | -$2.0B |
| NET CASH FROM INVESTING | -$568M |
| Net Debt Issuance | -$704M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2.0B |
| Other Financing Activities | -$170M |
| NET CASH FROM FINANCING | -$2.9B |
| FREE CASH FLOW | $3.0B |
| Net Change in Cash | $112M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.1B |
| Short-Term Investments | $0 |
| Net Receivables | $4.4B |
| Inventory | $10.8B |
| Other Current Assets | $1.5B |
| TOTAL CURRENT ASSETS | $19.8B |
| PP&E (Net) | $7.5B |
| Goodwill | $16.8B |
| Intangible Assets | $9.9B |
| Long-Term Investments | $4.9B |
| Tax Assets | $814M |
| Other Non-Current Assets | $5.6B |
| TOTAL NON-CURRENT ASSETS | $45.5B |
| TOTAL ASSETS | $65.3B |
| Account Payables | $4.1B |
| Short-Term Debt | $6.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $13.2B |
| TOTAL CURRENT LIABILITIES | $26.4B |
| Long-Term Debt | $41.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.3B |
| Other Non-Current Liabilities | $4.8B |
| TOTAL NON-CURRENT LIABILITIES | $48.4B |
| TOTAL LIABILITIES | $74.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $34.1B |
| Treasury Stock | -$35.8B |
| Accum. Other Comp. Income | -$11.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$11.2B |
| Minority Interest | $1.8B |
| TOTAL EQUITY | -$9.4B |
| TOTAL LIABILITIES & EQUITY | $65.3B |
| Total Debt | $47.9B |
| Net Debt | $44.8B |
