| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | $1.7B | $1.7B | 25.1% | 23.6% |
| Op. Income | $289M | $122M | -$189M | 136.9% | 253.1% |
| Gross Margin | 49.5% | 52.6% | 46.0% | -3.0pp | 3.5pp |
| Net Margin | 30.6% | 41.9% | -35.9% | -11.2pp | 66.6pp |
| EPS (Diluted) | $0.51 | $0.55 | $-0.49 | -7.3% | 204.1% |
| Free Cash Flow | $446M | $276M | $248M | 61.6% | 80.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $311M |
| Selling & Marketing | $317M |
| General & Administrative | $100M |
| SG&A Expenses | $417M |
| Other Expenses | $45M |
| Operating Expenses | $773M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $289M |
| Interest Income | $68M |
| Interest Expense | $0 |
| Other Income/Expenses | $393M |
| INCOME BEFORE TAX | $682M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $657M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $657M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $658M |
| D&A | $10M |
| EBIT | $289M |
| EBITDA | $299M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $311M |
| Selling & Marketing | $317M |
| General & Administrative | $100M |
| SG&A Expenses | $417M |
| Other Expenses | $45M |
| Operating Expenses | $773M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $289M |
| Interest Income | $68M |
| Interest Expense | $0 |
| Other Income/Expenses | $393M |
| INCOME BEFORE TAX | $682M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $657M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $657M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $658M |
| D&A | $10M |
| EBIT | $289M |
| EBITDA | $299M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $657M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $98M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$338M |
| Change in Working Capital | $24M |
| OPERATING CASH FLOW | $448M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$260M |
| Purchases of Investments | -$1.7B |
| Sales/Maturities of Investments | $1.6B |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | -$346M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $17M |
| NET CASH FROM FINANCING | $17M |
| FREE CASH FLOW | $446M |
| Net Change in Cash | $126M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $3.6B |
| Net Receivables | $1.2B |
| Inventory | $19M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $6.3B |
| PP&E (Net) | $147M |
| Goodwill | $427M |
| Intangible Assets | $29M |
| Long-Term Investments | $4.4B |
| Tax Assets | $44M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $5.0B |
| TOTAL ASSETS | $11.3B |
| Account Payables | $364M |
| Short-Term Debt | $0 |
| Deferred Revenue | $302M |
| Other Current Liabilities | $58M |
| TOTAL CURRENT LIABILITIES | $898M |
| Long-Term Debt | $916M |
| Deferred Revenue NC | $196M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $9.2B |
| Additional Paid-In Capital | $251M |
| Retained Earnings | -$390M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.1B |
| TOTAL LIABILITIES & EQUITY | $11.3B |
| Total Debt | $1.1B |
| Net Debt | -$263M |
