| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $380M | $376M | $369M | 1.1% | 3.0% |
| Op. Income | $256M | $254M | $246M | 0.8% | 4.4% |
| Gross Margin | 87.3% | 87.1% | 86.3% | 0.2pp | 0.9pp |
| Net Margin | 69.6% | 50.1% | 48.6% | 19.5pp | 21.0pp |
| EPS (Diluted) | $2.60 | $1.83 | $1.70 | 42.1% | 52.9% |
| Free Cash Flow | $199M | $217M | $209M | -8.1% | -4.8% |
| Item | Amount |
|---|---|
| REVENUE | $380M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $332M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $53M |
| Other Expenses | $0 |
| Operating Expenses | $76M |
| Cost & Expenses | $124M |
| OPERATING INCOME | $256M |
| Interest Income | $12M |
| Interest Expense | $19M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $252M |
| Income Tax Expense | -$13M |
| Net Income from Continuing Ops | $265M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $265M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $265M |
| D&A | $10M |
| EBIT | $270M |
| EBITDA | $281M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $380M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $332M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $53M |
| Other Expenses | $0 |
| Operating Expenses | $76M |
| Cost & Expenses | $124M |
| OPERATING INCOME | $256M |
| Interest Income | $12M |
| Interest Expense | $19M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $252M |
| Income Tax Expense | -$13M |
| Net Income from Continuing Ops | $265M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $265M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $265M |
| D&A | $10M |
| EBIT | $270M |
| EBITDA | $281M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $265M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$66M |
| Other Non-Cash Items | $58M |
| Change in Working Capital | -$77M |
| OPERATING CASH FLOW | $204M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$28M |
| Purchases of Investments | -$419M |
| Sales/Maturities of Investments | $528M |
| Other Investing Activities | $28M |
| NET CASH FROM INVESTING | $104M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$226M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$700.0K |
| NET CASH FROM FINANCING | -$226M |
| FREE CASH FLOW | $199M |
| Net Change in Cash | $82M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $240M |
| Short-Term Investments | $686M |
| Net Receivables | $14M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $988M |
| PP&E (Net) | $241M |
| Goodwill | $53M |
| Intangible Assets | $0 |
| Long-Term Investments | $5M |
| Tax Assets | $301M |
| Other Non-Current Assets | $162M |
| TOTAL NON-CURRENT ASSETS | $761M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.0B |
| Other Current Liabilities | $72M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $315M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $34M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $11.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$13.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$1.6B |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $1.8B |
| Net Debt | $1.6B |
