| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $3.1B | $3.0B | 1.8% | 4.5% |
| Op. Income | $429M | $262M | $361M | 63.8% | 18.8% |
| Gross Margin | 33.5% | 27.9% | 32.2% | 5.6pp | 1.2pp |
| Net Margin | 10.6% | 6.6% | 9.4% | 4.0pp | 1.2pp |
| EPS (Diluted) | $1.69 | $1.02 | $1.39 | 65.7% | 21.6% |
| Free Cash Flow | $298M | $362M | $326M | -17.8% | -8.5% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $295M |
| SG&A Expenses | $295M |
| Other Expenses | $321M |
| Operating Expenses | $617M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $429M |
| Interest Income | $0 |
| Interest Expense | $49M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $429M |
| Income Tax Expense | $98M |
| Net Income from Continuing Ops | $331M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $331M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $331M |
| D&A | $28M |
| EBIT | $478M |
| EBITDA | $506M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $295M |
| SG&A Expenses | $295M |
| Other Expenses | $321M |
| Operating Expenses | $617M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $429M |
| Interest Income | $0 |
| Interest Expense | $49M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $429M |
| Income Tax Expense | $98M |
| Net Income from Continuing Ops | $331M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $331M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $331M |
| D&A | $28M |
| EBIT | $478M |
| EBITDA | $506M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $331M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $64M |
| Deferred Income Tax | -$64M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | $344M |
| Capital Expenditure | -$46M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$782M |
| Sales/Maturities of Investments | $598M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$227M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$76M |
| Common Dividends Paid | -$71M |
| Other Financing Activities | $12M |
| NET CASH FROM FINANCING | -$136M |
| FREE CASH FLOW | $298M |
| Net Change in Cash | -$20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $146M |
| Short-Term Investments | $0 |
| Net Receivables | $1.5B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $521M |
| Goodwill | $350M |
| Intangible Assets | $0 |
| Long-Term Investments | $46.0B |
| Tax Assets | $1.0B |
| Other Non-Current Assets | $14.1B |
| TOTAL NON-CURRENT ASSETS | $61.9B |
| TOTAL ASSETS | $63.6B |
| Account Payables | $0 |
| Short-Term Debt | $19M |
| Deferred Revenue | $380M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $399M |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $9M |
| Deferred Tax Liabilities | $381M |
| Other Non-Current Liabilities | $49.7B |
| TOTAL NON-CURRENT LIABILITIES | $53.6B |
| TOTAL LIABILITIES | $54.0B |
| Common Stock | $19M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | $11.4B |
| Treasury Stock | -$39M |
| Accum. Other Comp. Income | -$3.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.7B |
| TOTAL LIABILITIES & EQUITY | $63.6B |
| Total Debt | $3.5B |
| Net Debt | $3.4B |
