| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $988M | -0.2% | 20.2% |
| Op. Income | $150M | $228M | $359M | -34.2% | -58.2% |
| Gross Margin | 61.5% | 60.8% | 84.0% | 0.7pp | -22.5pp |
| Net Margin | 10.6% | 14.7% | 28.7% | -4.1pp | -18.1pp |
| EPS (Diluted) | $0.78 | $1.13 | $1.84 | -31.0% | -57.6% |
| Free Cash Flow | -$274M | $280M | $458M | -197.9% | -159.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $457M |
| GROSS PROFIT | $731M |
| R&D Expenses | $0 |
| Selling & Marketing | $11M |
| General & Administrative | $321M |
| SG&A Expenses | $332M |
| Other Expenses | $249M |
| Operating Expenses | $581M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $150M |
| Interest Income | $1.0B |
| Interest Expense | $457M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $150M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $126M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $126M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $115M |
| D&A | $32M |
| EBIT | $150M |
| EBITDA | $182M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $457M |
| GROSS PROFIT | $731M |
| R&D Expenses | $0 |
| Selling & Marketing | $11M |
| General & Administrative | $321M |
| SG&A Expenses | $332M |
| Other Expenses | $249M |
| Operating Expenses | $581M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $150M |
| Interest Income | $1.0B |
| Interest Expense | $457M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $150M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $126M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $126M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $115M |
| D&A | $32M |
| EBIT | $150M |
| EBITDA | $182M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $125M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$30M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$386M |
| OPERATING CASH FLOW | -$245M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$183M |
| Sales/Maturities of Investments | $1.8B |
| Other Investing Activities | -$858M |
| NET CASH FROM INVESTING | $738M |
| Net Debt Issuance | $33M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$71M |
| Other Financing Activities | -$439M |
| NET CASH FROM FINANCING | -$477M |
| FREE CASH FLOW | -$274M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.2B |
| Short-Term Investments | $10.3B |
| Net Receivables | $383M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $12.9B |
| PP&E (Net) | $1.4B |
| Goodwill | $1.0B |
| Intangible Assets | $32M |
| Long-Term Investments | $67.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.4B |
| TOTAL NON-CURRENT ASSETS | $74.3B |
| TOTAL ASSETS | $87.2B |
| Account Payables | $0 |
| Short-Term Debt | $4.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $75.0B |
| TOTAL CURRENT LIABILITIES | $79.0B |
| Long-Term Debt | $538M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.0B |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $81.5B |
| Common Stock | $1.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $6.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.7B |
| TOTAL LIABILITIES & EQUITY | $87.2B |
| Total Debt | $4.5B |
| Net Debt | $2.3B |
