| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.0B | $7.4B | $7.4B | 8.2% | 8.7% |
| Op. Income | $1.7B | $1.2B | $1.2B | 47.9% | 38.9% |
| Gross Margin | 45.8% | 45.4% | 49.7% | 0.3pp | -4.0pp |
| Net Margin | 17.5% | 13.8% | 12.5% | 3.7pp | 5.0pp |
| EPS (Diluted) | $1.29 | $0.93 | $0.81 | 38.7% | 59.3% |
| Free Cash Flow | $2.5B | $1.1B | $1.4B | 124.3% | 72.3% |
| Item | Amount |
|---|---|
| REVENUE | $8.0B |
| Cost of Revenue | $4.4B |
| GROSS PROFIT | $3.7B |
| R&D Expenses | $770M |
| Selling & Marketing | $466M |
| General & Administrative | $554M |
| SG&A Expenses | $1.0B |
| Other Expenses | $154M |
| Operating Expenses | $1.9B |
| Cost & Expenses | $6.3B |
| OPERATING INCOME | $1.7B |
| Interest Income | $132M |
| Interest Expense | $87M |
| Other Income/Expenses | $65M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $391M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $263M |
| EBIT | $1.9B |
| EBITDA | $2.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $8.0B |
| Cost of Revenue | $4.4B |
| GROSS PROFIT | $3.7B |
| R&D Expenses | $770M |
| Selling & Marketing | $466M |
| General & Administrative | $554M |
| SG&A Expenses | $1.0B |
| Other Expenses | $154M |
| Operating Expenses | $1.9B |
| Cost & Expenses | $6.3B |
| OPERATING INCOME | $1.7B |
| Interest Income | $132M |
| Interest Expense | $87M |
| Other Income/Expenses | $65M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $391M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $263M |
| EBIT | $1.9B |
| EBITDA | $2.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $263M |
| Stock-Based Compensation | $388M |
| Deferred Income Tax | -$229M |
| Other Non-Cash Items | $1.2B |
| Change in Working Capital | -$408M |
| OPERATING CASH FLOW | $2.6B |
| Capital Expenditure | -$145M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$7.0B |
| Sales/Maturities of Investments | $8.2B |
| Other Investing Activities | -$1.6B |
| NET CASH FROM INVESTING | -$534M |
| Net Debt Issuance | $588M |
| Common Stock Repurchased | -$607M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3.0B |
| NET CASH FROM FINANCING | $3.0B |
| FREE CASH FLOW | $2.5B |
| Net Change in Cash | $5.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.1B |
| Short-Term Investments | $5.0B |
| Net Receivables | $46.0B |
| Inventory | $0 |
| Other Current Assets | $2.5B |
| TOTAL CURRENT ASSETS | $62.6B |
| PP&E (Net) | $1.5B |
| Goodwill | $11.0B |
| Intangible Assets | $537M |
| Long-Term Investments | $3.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.3B |
| TOTAL NON-CURRENT ASSETS | $19.6B |
| TOTAL ASSETS | $82.2B |
| Account Payables | $42.1B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $48.5B |
| Long-Term Debt | $9.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.0B |
| TOTAL NON-CURRENT LIABILITIES | $12.6B |
| TOTAL LIABILITIES | $61.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $19.6B |
| Retained Earnings | $23.2B |
| Treasury Stock | -$21.0B |
| Accum. Other Comp. Income | -$746M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $21.1B |
| TOTAL LIABILITIES & EQUITY | $82.2B |
| Total Debt | $9.7B |
| Net Debt | $595M |
