| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $615M | $609M | $492M | 0.9% | 25.1% |
| Op. Income | $260M | $327M | $176M | -20.5% | 48.1% |
| Gross Margin | 88.4% | 88.5% | 88.6% | -0.0pp | -0.2pp |
| Net Margin | 35.3% | 43.9% | 26.9% | -8.6pp | 8.4pp |
| EPS (Diluted) | $4.36 | $5.38 | $2.67 | -19.0% | 63.3% |
| Free Cash Flow | $72M | $281M | $89M | -74.3% | -18.8% |
| Item | Amount |
|---|---|
| REVENUE | $615M |
| Cost of Revenue | $71M |
| GROSS PROFIT | $544M |
| R&D Expenses | $151M |
| Selling & Marketing | $24M |
| General & Administrative | $108M |
| SG&A Expenses | $132M |
| Other Expenses | $0 |
| Operating Expenses | $284M |
| Cost & Expenses | $355M |
| OPERATING INCOME | $260M |
| Interest Income | $51M |
| Interest Expense | $15M |
| Other Income/Expenses | $35M |
| INCOME BEFORE TAX | $295M |
| Income Tax Expense | $78M |
| Net Income from Continuing Ops | $217M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $217M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $217M |
| D&A | $14M |
| EBIT | $311M |
| EBITDA | $324M |
| EPS | $5 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $615M |
| Cost of Revenue | $71M |
| GROSS PROFIT | $544M |
| R&D Expenses | $151M |
| Selling & Marketing | $24M |
| General & Administrative | $108M |
| SG&A Expenses | $132M |
| Other Expenses | $0 |
| Operating Expenses | $284M |
| Cost & Expenses | $355M |
| OPERATING INCOME | $260M |
| Interest Income | $51M |
| Interest Expense | $15M |
| Other Income/Expenses | $35M |
| INCOME BEFORE TAX | $295M |
| Income Tax Expense | $78M |
| Net Income from Continuing Ops | $217M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $217M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $217M |
| D&A | $14M |
| EBIT | $311M |
| EBITDA | $324M |
| EPS | $5 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $217M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$92M |
| OPERATING CASH FLOW | $151M |
| Capital Expenditure | -$79M |
| Acquisitions (Net) | -$89M |
| Purchases of Investments | -$308M |
| Sales/Maturities of Investments | $527M |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | $42M |
| Net Debt Issuance | -$100M |
| Common Stock Repurchased | -$100.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | -$93M |
| FREE CASH FLOW | $72M |
| Net Change in Cash | $100M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $1.8B |
| Net Receivables | $279M |
| Inventory | $112M |
| Other Current Assets | $166M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $1.0B |
| Goodwill | $34M |
| Intangible Assets | $81M |
| Long-Term Investments | $1.9B |
| Tax Assets | $395M |
| Other Non-Current Assets | $152M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $7.2B |
| Account Payables | $6M |
| Short-Term Debt | $400M |
| Deferred Revenue | $328M |
| Other Current Liabilities | -$287M |
| TOTAL CURRENT LIABILITIES | $804M |
| Long-Term Debt | $300M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $78M |
| TOTAL NON-CURRENT LIABILITIES | $378M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $700.0K |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | $6.0B |
| Treasury Stock | -$2.6B |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.0B |
| TOTAL LIABILITIES & EQUITY | $7.2B |
| Total Debt | $700M |
| Net Debt | -$508M |
