| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.1B | $4.5B | $4.7B | -10.0% | -12.7% |
| Op. Income | $1.5B | $1.9B | $2.2B | -19.0% | -29.5% |
| Gross Margin | 59.6% | 62.1% | 66.1% | -2.5pp | -6.5pp |
| Net Margin | 33.6% | 37.7% | 42.0% | -4.1pp | -8.4pp |
| EPS (Diluted) | $1.49 | $1.85 | $2.13 | -19.5% | -30.0% |
| Free Cash Flow | $776M | $442M | $1.1B | 75.6% | -27.8% |
| Item | Amount |
|---|---|
| REVENUE | $4.1B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $460M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $438M |
| Other Expenses | $0 |
| Operating Expenses | $898M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $1.5B |
| Interest Income | $0 |
| Interest Expense | $98M |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $177M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $337M |
| EBIT | $1.6B |
| EBITDA | $2.0B |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.1B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $460M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $438M |
| Other Expenses | $0 |
| Operating Expenses | $898M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $1.5B |
| Interest Income | $0 |
| Interest Expense | $98M |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $177M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $337M |
| EBIT | $1.6B |
| EBITDA | $2.0B |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $337M |
| Stock-Based Compensation | $68M |
| Deferred Income Tax | -$140M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $280M |
| OPERATING CASH FLOW | $1.9B |
| Capital Expenditure | -$1.1B |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | -$2.6B |
| Sales/Maturities of Investments | $3.4B |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$311M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$65M |
| Common Dividends Paid | -$1.2B |
| Other Financing Activities | -$14M |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $776M |
| Net Change in Cash | $398M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.0B |
| Short-Term Investments | $5.6B |
| Net Receivables | $1.8B |
| Inventory | $4.0B |
| Other Current Assets | $761M |
| TOTAL CURRENT ASSETS | $15.1B |
| PP&E (Net) | $10.0B |
| Goodwill | $4.4B |
| Intangible Assets | $223M |
| Long-Term Investments | $0 |
| Tax Assets | $757M |
| Other Non-Current Assets | $1.9B |
| TOTAL NON-CURRENT ASSETS | $17.2B |
| TOTAL ASSETS | $32.3B |
| Account Payables | $802M |
| Short-Term Debt | $687M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $823M |
| TOTAL CURRENT LIABILITIES | $3.3B |
| Long-Term Debt | $11.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $63M |
| Other Non-Current Liabilities | $488M |
| TOTAL NON-CURRENT LIABILITIES | $12.1B |
| TOTAL LIABILITIES | $15.5B |
| Common Stock | $1.7B |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | $52.3B |
| Treasury Stock | -$40.3B |
| Accum. Other Comp. Income | -$205M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $16.9B |
| TOTAL LIABILITIES & EQUITY | $32.3B |
| Total Debt | $12.3B |
| Net Debt | $9.3B |
