| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $997M | $1.0B | $843M | -2.4% | 18.3% |
| Op. Income | $222M | $278M | $313M | -20.4% | -29.2% |
| Gross Margin | 60.1% | 62.8% | 78.1% | -2.7pp | -18.1pp |
| Net Margin | 18.6% | 22.2% | 29.0% | -3.6pp | -10.4pp |
| EPS (Diluted) | $1.05 | $1.28 | $1.38 | -18.0% | -23.9% |
| Free Cash Flow | $81M | $413M | $265M | -80.3% | -69.3% |
| Item | Amount |
|---|---|
| REVENUE | $997M |
| Cost of Revenue | $398M |
| GROSS PROFIT | $599M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $231M |
| SG&A Expenses | $236M |
| Other Expenses | $142M |
| Operating Expenses | $377M |
| Cost & Expenses | $775M |
| OPERATING INCOME | $222M |
| Interest Income | $933M |
| Interest Expense | $362M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $222M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $185M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $185M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $180M |
| D&A | $18M |
| EBIT | $222M |
| EBITDA | $239M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $997M |
| Cost of Revenue | $398M |
| GROSS PROFIT | $599M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $231M |
| SG&A Expenses | $236M |
| Other Expenses | $142M |
| Operating Expenses | $377M |
| Cost & Expenses | $775M |
| OPERATING INCOME | $222M |
| Interest Income | $933M |
| Interest Expense | $362M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $222M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $185M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $185M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $180M |
| D&A | $18M |
| EBIT | $222M |
| EBITDA | $239M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $185M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | -$26M |
| Other Non-Cash Items | $69M |
| Change in Working Capital | -$172M |
| OPERATING CASH FLOW | $88M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.7B |
| Sales/Maturities of Investments | $603M |
| Other Investing Activities | -$650M |
| NET CASH FROM INVESTING | -$1.8B |
| Net Debt Issuance | $550M |
| Common Stock Repurchased | -$1.0K |
| Common Dividends Paid | -$69M |
| Other Financing Activities | $754M |
| NET CASH FROM FINANCING | $1.2B |
| FREE CASH FLOW | $81M |
| Net Change in Cash | -$457M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $9.0B |
| Net Receivables | $1.3B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $12.0B |
| PP&E (Net) | $430M |
| Goodwill | $2.6B |
| Intangible Assets | $203M |
| Long-Term Investments | $55.9B |
| Tax Assets | $369M |
| Other Non-Current Assets | $3.5B |
| TOTAL NON-CURRENT ASSETS | $63.0B |
| TOTAL ASSETS | $74.9B |
| Account Payables | $0 |
| Short-Term Debt | $2.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $60.8B |
| TOTAL CURRENT LIABILITIES | $63.6B |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $66.3B |
| Common Stock | $2M |
| Additional Paid-In Capital | $6.2B |
| Retained Earnings | $3.3B |
| Treasury Stock | -$508M |
| Accum. Other Comp. Income | -$551M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.7B |
| TOTAL LIABILITIES & EQUITY | $74.9B |
| Total Debt | $3.9B |
| Net Debt | $2.2B |
