| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22.8B | $21.5B | $15.5B | 5.9% | 47.5% |
| Op. Income | $3.0B | $3.4B | $3.6B | -11.4% | -16.3% |
| Gross Margin | 40.1% | 41.8% | 57.5% | -1.6pp | -17.3pp |
| Net Margin | 13.2% | 13.1% | 18.3% | 0.1pp | -5.1pp |
| EPS (Diluted) | $2.12 | $2.00 | $2.00 | 6.2% | 5.8% |
| Free Cash Flow | -$8.7B | $6.2B | -$818M | -240.2% | -961.7% |
| Item | Amount |
|---|---|
| REVENUE | $22.8B |
| Cost of Revenue | $13.7B |
| GROSS PROFIT | $9.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3.5B |
| SG&A Expenses | $3.5B |
| Other Expenses | $2.7B |
| Operating Expenses | $6.2B |
| Cost & Expenses | $19.8B |
| OPERATING INCOME | $3.0B |
| Interest Income | $17.9B |
| Interest Expense | $13.1B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3.0B |
| Income Tax Expense | -$44M |
| Net Income from Continuing Ops | $3.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.0B |
| D&A | $558M |
| EBIT | $3.0B |
| EBITDA | $3.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $22.8B |
| Cost of Revenue | $13.7B |
| GROSS PROFIT | $9.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3.5B |
| SG&A Expenses | $3.5B |
| Other Expenses | $2.7B |
| Operating Expenses | $6.2B |
| Cost & Expenses | $19.8B |
| OPERATING INCOME | $3.0B |
| Interest Income | $17.9B |
| Interest Expense | $13.1B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3.0B |
| Income Tax Expense | -$44M |
| Net Income from Continuing Ops | $3.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.0B |
| D&A | $558M |
| EBIT | $3.0B |
| EBITDA | $3.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $3.0B |
| Depreciation & Amortization | $558M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$593M |
| Other Non-Cash Items | $688M |
| Change in Working Capital | -$11.8B |
| OPERATING CASH FLOW | -$8.1B |
| Capital Expenditure | -$561M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$41.4B |
| Sales/Maturities of Investments | $29.1B |
| Other Investing Activities | $12.1B |
| NET CASH FROM INVESTING | -$789M |
| Net Debt Issuance | -$3.6B |
| Common Stock Repurchased | -$615M |
| Common Dividends Paid | -$893M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$4.5B |
| FREE CASH FLOW | -$8.7B |
| Net Change in Cash | -$13.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $97.2B |
| Short-Term Investments | $57.7B |
| Net Receivables | $21.8B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $176.7B |
| PP&E (Net) | $4.9B |
| Goodwill | $9.2B |
| Intangible Assets | $4.3B |
| Long-Term Investments | $877.3B |
| Tax Assets | $2.3B |
| Other Non-Current Assets | $395.2B |
| TOTAL NON-CURRENT ASSETS | $1.3T |
| TOTAL ASSETS | $1.5T |
| Account Payables | $15.0B |
| Short-Term Debt | $331.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $618.7B |
| TOTAL CURRENT LIABILITIES | $971.8B |
| Long-Term Debt | $231.6B |
| Deferred Revenue NC | $2.8B |
| Deferred Tax Liabilities | $311M |
| Other Non-Current Liabilities | $172.6B |
| TOTAL NON-CURRENT LIABILITIES | $410.3B |
| TOTAL LIABILITIES | $1.4T |
| Common Stock | $14.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $59.7B |
| Treasury Stock | -$175M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $5.0B |
| TOTAL STOCKHOLDERS' EQUITY | $84.1B |
| Minority Interest | $72M |
| TOTAL EQUITY | $84.1B |
| TOTAL LIABILITIES & EQUITY | $1.5T |
| Total Debt | $566.1B |
| Net Debt | $468.8B |
