| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $932M | -2.6% | 19.9% |
| Op. Income | $211M | $278M | $365M | -24.1% | -42.1% |
| Gross Margin | 58.9% | 60.3% | 73.3% | -1.4pp | -14.4pp |
| Net Margin | 13.2% | 18.9% | 31.4% | -5.6pp | -18.2pp |
| EPS (Diluted) | $1.33 | $1.97 | $2.67 | -32.5% | -50.2% |
| Free Cash Flow | $314M | -$596M | $738M | 152.7% | -57.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $459M |
| GROSS PROFIT | $658M |
| R&D Expenses | $0 |
| Selling & Marketing | $7M |
| General & Administrative | $135M |
| SG&A Expenses | $141M |
| Other Expenses | $306M |
| Operating Expenses | $447M |
| Cost & Expenses | $907M |
| OPERATING INCOME | $211M |
| Interest Income | $1.0B |
| Interest Expense | $447M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $211M |
| Income Tax Expense | $63M |
| Net Income from Continuing Ops | $148M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $148M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $145M |
| D&A | $25M |
| EBIT | $211M |
| EBITDA | $236M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $459M |
| GROSS PROFIT | $658M |
| R&D Expenses | $0 |
| Selling & Marketing | $7M |
| General & Administrative | $135M |
| SG&A Expenses | $141M |
| Other Expenses | $306M |
| Operating Expenses | $447M |
| Cost & Expenses | $907M |
| OPERATING INCOME | $211M |
| Interest Income | $1.0B |
| Interest Expense | $447M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $211M |
| Income Tax Expense | $63M |
| Net Income from Continuing Ops | $148M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $148M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $145M |
| D&A | $25M |
| EBIT | $211M |
| EBITDA | $236M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $148M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | $133M |
| Change in Working Capital | $20M |
| OPERATING CASH FLOW | $341M |
| Capital Expenditure | -$27M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$8.5B |
| Sales/Maturities of Investments | $7.2B |
| Other Investing Activities | -$637M |
| NET CASH FROM INVESTING | -$1.9B |
| Net Debt Issuance | -$901M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$44M |
| Other Financing Activities | $563M |
| NET CASH FROM FINANCING | -$382M |
| FREE CASH FLOW | $314M |
| Net Change in Cash | -$1.9B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $11.2B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $12.7B |
| PP&E (Net) | $484M |
| Goodwill | $527M |
| Intangible Assets | $1.3B |
| Long-Term Investments | $53.5B |
| Tax Assets | $287M |
| Other Non-Current Assets | $2.1B |
| TOTAL NON-CURRENT ASSETS | $58.1B |
| TOTAL ASSETS | $70.9B |
| Account Payables | $0 |
| Short-Term Debt | $6.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $55.3B |
| TOTAL CURRENT LIABILITIES | $62.1B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $64.8B |
| Common Stock | $2.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $4.2B |
| Treasury Stock | -$116M |
| Accum. Other Comp. Income | -$513M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.1B |
| TOTAL LIABILITIES & EQUITY | $70.9B |
| Total Debt | $8.3B |
| Net Debt | $6.7B |