| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.6B | — | $2.9B | — | 26.2% |
| Op. Income | $433M | — | $383M | — | 12.9% |
| Gross Margin | 151.1% | — | 13.3% | — | 137.8pp |
| Net Margin | 7.2% | — | 5.0% | — | 2.2pp |
| EPS (Diluted) | $0.53 | — | $0.32 | — | 62.5% |
| Free Cash Flow | $404M | — | $318M | — | 27.3% |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | -$1.9B |
| GROSS PROFIT | $5.5B |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4.0B |
| Other Expenses | -$2.7B |
| Operating Expenses | $1.3B |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $433M |
| Interest Income | $42M |
| Interest Expense | $136M |
| Other Income/Expenses | -$92M |
| INCOME BEFORE TAX | $351M |
| Income Tax Expense | $77M |
| Net Income from Continuing Ops | $264M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $264M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $264M |
| D&A | $210M |
| EBIT | $440M |
| EBITDA | $720M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | -$1.9B |
| GROSS PROFIT | $5.5B |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4.0B |
| Other Expenses | -$2.7B |
| Operating Expenses | $1.3B |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $433M |
| Interest Income | $42M |
| Interest Expense | $136M |
| Other Income/Expenses | -$92M |
| INCOME BEFORE TAX | $351M |
| Income Tax Expense | $77M |
| Net Income from Continuing Ops | $264M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $264M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $264M |
| D&A | $210M |
| EBIT | $440M |
| EBITDA | $720M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $264M |
| Depreciation & Amortization | $163M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | -$413M |
| Other Non-Cash Items | $596M |
| Change in Working Capital | -$96M |
| OPERATING CASH FLOW | $551M |
| Capital Expenditure | -$147M |
| Acquisitions (Net) | -$74M |
| Purchases of Investments | -$16M |
| Sales/Maturities of Investments | $26M |
| Other Investing Activities | $22M |
| NET CASH FROM INVESTING | -$190M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$94M |
| Other Financing Activities | -$101M |
| NET CASH FROM FINANCING | -$195M |
| FREE CASH FLOW | $404M |
| Net Change in Cash | $194M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $1M |
| Net Receivables | $1.2B |
| Inventory | $279M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $1.3B |
| Goodwill | $6.8B |
| Intangible Assets | $2.7B |
| Long-Term Investments | $225M |
| Tax Assets | $58M |
| Other Non-Current Assets | $306M |
| TOTAL NON-CURRENT ASSETS | $11.4B |
| TOTAL ASSETS | $15.0B |
| Account Payables | $481M |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $456M |
| TOTAL CURRENT LIABILITIES | $3.5B |
| Long-Term Debt | $4.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $6.0B |
| TOTAL LIABILITIES | $9.5B |
| Common Stock | $34M |
| Additional Paid-In Capital | $19M |
| Retained Earnings | $8.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.5B |
| Minority Interest | -$1M |
| TOTAL EQUITY | $5.5B |
| TOTAL LIABILITIES & EQUITY | $15.0B |
| Total Debt | $6.4B |
| Net Debt | $4.3B |
