| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.9B | $5.1B | — | -3.4% | — |
| Op. Income | $164M | $380M | — | -56.8% | — |
| Gross Margin | 8.9% | 13.1% | — | -4.2pp | — |
| Net Margin | 3.2% | 5.6% | — | -2.4pp | — |
| EPS (Diluted) | $2.37 | $4.29 | — | -44.8% | — |
| Free Cash Flow | $1.2B | $992M | — | 25.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $4.9B |
| Cost of Revenue | $4.5B |
| GROSS PROFIT | $440M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $276M |
| Operating Expenses | $276M |
| Cost & Expenses | $4.8B |
| OPERATING INCOME | $164M |
| Interest Income | $77M |
| Interest Expense | $69M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $164M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $160M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $158M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $158M |
| D&A | $0 |
| EBIT | $233M |
| EBITDA | $233M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $4.9B |
| Cost of Revenue | $4.5B |
| GROSS PROFIT | $440M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $276M |
| Operating Expenses | $276M |
| Cost & Expenses | $4.8B |
| OPERATING INCOME | $164M |
| Interest Income | $77M |
| Interest Expense | $69M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $164M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $160M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $158M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $158M |
| D&A | $0 |
| EBIT | $233M |
| EBITDA | $233M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $158M |
| Depreciation & Amortization | -$86M |
| Stock-Based Compensation | -$35M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1.7B |
| Change in Working Capital | $2.9B |
| OPERATING CASH FLOW | $1.2B |
| Capital Expenditure | $20M |
| Acquisitions (Net) | $8M |
| Purchases of Investments | -$4.5B |
| Sales/Maturities of Investments | $3.1B |
| Other Investing Activities | -$64M |
| NET CASH FROM INVESTING | -$1.5B |
| Net Debt Issuance | -$36M |
| Common Stock Repurchased | -$58M |
| Common Dividends Paid | -$56M |
| Other Financing Activities | $499M |
| NET CASH FROM FINANCING | $349M |
| FREE CASH FLOW | $1.2B |
| Net Change in Cash | $150M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.0B |
| Short-Term Investments | $0 |
| Net Receivables | $3.5B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.5B |
| PP&E (Net) | $416M |
| Goodwill | $0 |
| Intangible Assets | $11M |
| Long-Term Investments | $78.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $11.8B |
| TOTAL NON-CURRENT ASSETS | $91.1B |
| TOTAL ASSETS | $97.6B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $4.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.9B |
| Other Non-Current Liabilities | $82.2B |
| TOTAL NON-CURRENT LIABILITIES | $88.5B |
| TOTAL LIABILITIES | $88.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | $8.8B |
| Treasury Stock | -$1.9B |
| Accum. Other Comp. Income | -$369M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.1B |
| Minority Interest | $90M |
| TOTAL EQUITY | $9.2B |
| TOTAL LIABILITIES & EQUITY | $97.6B |
| Total Debt | $4.4B |
| Net Debt | $1.5B |
