| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25.2B | $23.4B | $24.3B | 7.8% | 3.5% |
| Op. Income | $2.1B | $1.8B | $3.9B | 17.0% | -47.1% |
| Gross Margin | 17.6% | 17.9% | 23.8% | -0.3pp | -6.1pp |
| Net Margin | 31.5% | 7.9% | 15.3% | 23.6pp | 16.2pp |
| EPS (Diluted) | $2.27 | $0.53 | $1.07 | 328.3% | 112.1% |
| Free Cash Flow | $2.1B | $849M | $1.4B | 143.0% | 45.3% |
| Item | Amount |
|---|---|
| REVENUE | $25.2B |
| Cost of Revenue | $20.7B |
| GROSS PROFIT | $4.4B |
| R&D Expenses | $1.1B |
| Selling & Marketing | $0 |
| General & Administrative | $1.3B |
| SG&A Expenses | $1.3B |
| Other Expenses | $0 |
| Operating Expenses | $2.4B |
| Cost & Expenses | $23.1B |
| OPERATING INCOME | $2.1B |
| Interest Income | $333M |
| Interest Expense | $61M |
| Other Income/Expenses | $127M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | -$5.8B |
| Net Income from Continuing Ops | $7.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7.9B |
| Net Income Deductions | $3M |
| BOTTOM LINE NET INCOME | $7.9B |
| D&A | $1.2B |
| EBIT | $2.3B |
| EBITDA | $3.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $25.2B |
| Cost of Revenue | $20.7B |
| GROSS PROFIT | $4.4B |
| R&D Expenses | $1.1B |
| Selling & Marketing | $0 |
| General & Administrative | $1.3B |
| SG&A Expenses | $1.3B |
| Other Expenses | $0 |
| Operating Expenses | $2.4B |
| Cost & Expenses | $23.1B |
| OPERATING INCOME | $2.1B |
| Interest Income | $333M |
| Interest Expense | $61M |
| Other Income/Expenses | $127M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | -$5.8B |
| Net Income from Continuing Ops | $7.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7.9B |
| Net Income Deductions | $3M |
| BOTTOM LINE NET INCOME | $7.9B |
| D&A | $1.2B |
| EBIT | $2.3B |
| EBITDA | $3.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $7.9B |
| Depreciation & Amortization | $1.2B |
| Stock-Based Compensation | $484M |
| Deferred Income Tax | -$279M |
| Other Non-Cash Items | -$5.8B |
| Change in Working Capital | $798M |
| OPERATING CASH FLOW | $4.4B |
| Capital Expenditure | -$2.3B |
| Acquisitions (Net) | -$37M |
| Purchases of Investments | -$5.9B |
| Sales/Maturities of Investments | $3.4B |
| Other Investing Activities | $37M |
| NET CASH FROM INVESTING | -$4.8B |
| Net Debt Issuance | $817M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$82M |
| NET CASH FROM FINANCING | $887M |
| FREE CASH FLOW | $2.1B |
| Net Change in Cash | $599M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16.4B |
| Short-Term Investments | $12.7B |
| Net Receivables | $3.5B |
| Inventory | $13.6B |
| Other Current Assets | $3.4B |
| TOTAL CURRENT ASSETS | $49.6B |
| PP&E (Net) | $45.1B |
| Goodwill | $253M |
| Intangible Assets | $362M |
| Long-Term Investments | $0 |
| Tax Assets | $6.7B |
| Other Non-Current Assets | $4.5B |
| TOTAL NON-CURRENT ASSETS | $57.0B |
| TOTAL ASSETS | $106.6B |
| Account Payables | $14.4B |
| Short-Term Debt | $2.0B |
| Deferred Revenue | $3.7B |
| Other Current Liabilities | $2.3B |
| TOTAL CURRENT LIABILITIES | $28.7B |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $3.3B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.5B |
| TOTAL NON-CURRENT LIABILITIES | $14.3B |
| TOTAL LIABILITIES | $43.0B |
| Common Stock | $3M |
| Additional Paid-In Capital | $34.9B |
| Retained Earnings | $27.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$143M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $62.6B |
| Minority Interest | $975M |
| TOTAL EQUITY | $63.6B |
| TOTAL LIABILITIES & EQUITY | $106.6B |
| Total Debt | $9.6B |
| Net Debt | -$6.8B |
