| Metrics | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenue & Cost | |||||
| Total Revenue | $14.88B | $14.35B | $17.11B | $18.45B | $20.50B |
| Cost of Revenue | $5.19B | $5.29B | $6.14B | $6.87B | $7.40B |
| Gross Profit | $9.70B | $9.06B | $10.97B | $11.58B | $13.10B |
| Gross Margin % | 65.14% | 63.11% | 64.11% | 62.76% | 63.89% |
| Operating Expenses | |||||
| R&D Expenses | $971.00M | $984.00M | $1.24B | $1.45B | $1.39B |
| SG&A Expenses | $5.36B | $5.36B | $6.43B | $6.46B | $6.92B |
| Other Operating Expenses | $464.00M | $472.00M | $619.00M | $627.00M | $901.00M |
| Total Operating Expenses | $6.79B | $6.82B | $8.28B | $8.54B | $9.21B |
| Operating Performance | |||||
| Operating Income | $2.71B | $2.22B | $2.58B | $2.84B | $3.89B |
| Operating Margin % | 18.23% | 15.49% | 15.10% | 15.40% | 18.97% |
| EBITDA | $3.34B | $2.77B | $3.27B | $4.24B | $4.93B |
| EBITDA Margin % | 22.44% | 19.27% | 19.12% | 22.99% | 24.07% |
| Other Income/Expenses | |||||
| Interest Expense | $0.00 | $0.00 | $0.00 | $158.00M | $356.00M |
| Other Income/Expenses Net | $-151.00M | $-269.00M | $-303.00M | $-158.00M | $-215.00M |
| Income Before Tax | $2.56B | $1.95B | $2.28B | $2.68B | $3.67B |
| Income Tax Expense | $479.00M | $355.00M | $287.00M | $325.00M | $508.00M |
| Net Performance | |||||
| Net Income | $2.08B | $1.60B | $1.99B | $2.36B | $3.17B |
| Net Margin % | 13.99% | 11.14% | 11.66% | 12.78% | 15.44% |
| EPS | $5.57 | $4.26 | $5.31 | $6.23 | $8.34 |
| Diluted EPS | $5.48 | $4.20 | $5.24 | $6.17 | $8.25 |
| Metrics | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Cash Equivalents | $4.34B | $2.94B | $2.94B | $1.84B | $2.97B |
| Short Term Investments | $88.00M | $81.00M | $75.00M | $84.00M | $82.00M |
| Net Receivables | $2.89B | $2.70B | $3.02B | $3.57B | $3.77B |
| Inventory | $3.28B | $3.49B | $3.31B | $4.00B | $4.84B |
| Other Current Assets | $760.00M | $488.00M | $662.00M | $787.00M | $857.00M |
| Total Current Assets | $11.36B | $9.71B | $10.02B | $10.28B | $12.52B |
| Non-Current Assets | |||||
| Property, Plant & Equipment (Net) | $2.57B | $2.75B | $2.83B | $2.97B | $3.22B |
| Long Term Investments | - | - | - | $90.00M | $2.00M |
| Tax Assets | $1.58B | $1.53B | $1.76B | $1.41B | $1.67B |
| Other Non-Current Assets | $1.37B | $2.01B | $2.26B | $2.37B | $2.67B |
| Total Non-Current Assets | $18.81B | $24.62B | $24.61B | $26.61B | $27.39B |
| Total Assets | |||||
| Total Assets | $30.17B | $34.33B | $34.63B | $36.88B | $39.91B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | $675.00M | $810.00M | $1.13B | $1.41B | $1.52B |
| Short Term Debt | $859.00M | $761.00M | $7.00M | $1.19B | $2.24B |
| Tax Payables | $171.00M | $207.00M | $192.00M | $292.00M | $391.00M |
| Deferred Revenue | - | - | - | - | $391.00M |
| Other Current Liabilities | $2.70B | $3.26B | $3.22B | $3.70B | $3.78B |
| Total Current Liabilities | $4.40B | $5.04B | $4.55B | $6.30B | $7.92B |
| Non-Current Liabilities | |||||
| Long Term Debt | $10.23B | $13.23B | $12.47B | $11.86B | $11.26B |
| Other Non-Current Liabilities | $2.73B | $2.98B | $973.00M | $2.11B | $2.14B |
| Total Non-Current Liabilities | $12.96B | $16.21B | $15.21B | $13.97B | $13.40B |
| Total Liabilities | |||||
| Total Liabilities | $17.36B | $21.25B | $19.75B | $20.27B | $21.32B |
| Shareholders Equity | |||||
| Equity Components | |||||
| Common Stock | $37.00M | $38.00M | $38.00M | $38.00M | $38.00M |
| Retained Earnings | $11.75B | $12.46B | $13.48B | $14.77B | $16.77B |
| Accumulated Other Comprehensive Income/Loss | $-606.00M | $-1.16B | $-531.00M | $-221.00M | $-416.00M |
| Total Shareholders Equity | $12.81B | $13.08B | $14.88B | $16.62B | $18.59B |
| Key Metrics | |||||
| Balance Check | |||||
| Total Liabilities & Equity | $30.17B | $34.33B | $34.63B | $36.88B | $39.91B |
| Total Debt | $11.09B | $13.99B | $12.48B | $13.05B | $13.00B |
| Net Debt | $6.75B | $11.05B | $9.54B | $11.20B | $10.02B |
| Metrics | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Core Operations | |||||
| Net Income | $2.08B | $1.60B | $1.99B | $2.36B | $3.17B |
| Depreciation & Amortization | $778.00M | $812.00M | $990.00M | $998.00M | $1.03B |
| Stock Based Compensation | $127.00M | $142.00M | $171.00M | $168.00M | $205.00M |
| Working Capital Changes | |||||
| Change in Accounts Receivable | $-563.00M | $354.00M | $-377.00M | $-579.00M | $-175.00M |
| Change in Inventory | $-400.00M | $27.00M | $-189.00M | $-762.00M | $-797.00M |
| Change in Accounts Payable | $63.00M | $100.00M | $329.00M | $290.00M | $77.00M |
| Other Working Capital Changes | $-218.00M | $-14.00M | $-145.00M | $319.00M | $395.00M |
| Total Working Capital Change | $-1.01B | $413.00M | $-67.00M | $-732.00M | $-500.00M |
| Other Operating | |||||
| Other Non-Cash Items | $82.00M | $263.00M | $412.00M | $-226.00M | $19.00M |
| Net Cash from Operations | $2.19B | $3.28B | $3.26B | $2.62B | $3.71B |
| Investing Activities | |||||
| Capital Investments | |||||
| Capital Expenditures | $-649.00M | $-487.00M | $-525.00M | $-588.00M | $-575.00M |
| Purchase of Investments | $-74.00M | $-54.00M | $-49.00M | $-52.00M | $-52.00M |
| Sale of Investments | $69.00M | $61.00M | $55.00M | $240.00M | $54.00M |
| Other Investing Activities | $1.00M | $1.00M | $-1.00M | $39.00M | $1.00M |
| Net Cash from Investing | $-1.46B | $-4.70B | $-859.00M | $-2.92B | $-962.00M |
| Financing Activities | |||||
| Debt & Equity | |||||
| Debt Repayment | $-1.34B | $-2.30B | $-1.15B | $-653.00M | $-277.00M |
| Stock Repurchases | $-307.00M | - | - | $-122.00M | $-155.00M |
| Dividends Paid | $-778.00M | $-863.00M | $-950.00M | $-1.05B | $-1.14B |
| Other Financing Activities | $2.43B | $3.15B | $-264.00M | $955.00M | $-178.00M |
| Net Cash from Financing | $3.00M | $-11.00M | $-2.37B | $-749.00M | $-1.59B |
| Cash Position | |||||
| Summary | |||||
| Net Change in Cash | $721.00M | $-1.39B | $1.00M | $-1.10B | $1.13B |
| Cash at Beginning of Period | $3.62B | $4.34B | $2.94B | $2.94B | $1.84B |
| Cash at End of Period | $4.34B | $2.94B | $2.94B | $1.84B | $2.97B |
| Key Metrics | |||||
| Operating Cash Flow | $2.19B | $3.28B | $3.26B | $2.62B | $3.71B |
| Capital Expenditure | $-649.00M | $-487.00M | $-525.00M | $-588.00M | $-575.00M |
| Free Cash Flow | $1.54B | $2.79B | $2.74B | $2.04B | $3.14B |