Revenue and Financial Overview
in
Statement of Cash Flows (Non-GAAP)
($ in millions)
Q4'21
Q1'22
GAAP Net Income Including Non-controlling Interests
$198.8
Q2'22 Q3'22
$138.3 $173.4 $231.1
Q4'22
Q1'23
Q2'23
Q3'23
Q4'23
$313.8
$247.7
$266.3
$322.9
$310.9
Depreciation, Amortization and Stock-Based Compensation
78.4
78.7
79.8
81.1
82.0
83.8
92.4
92.6
93.6
Accounts Receivable
(203.1)
15.4
(134.7)
(43.4)
(294.0)
171.1
7.9
64.4
(389.8)
Inventory
0.1
(13.5)
(17.7)
(28.5)
(49.4)
(45.3)
(84.9) (100.8) (22.5)
Deferred Revenue
342.3
205.5
275.1
262.2
434.7
240.7
248.6
156.9
449.1
Other (1)
(49.7)
(28.3)
GAAP Cash Flow from Operations
$366.8
$396.1
$323.4
(52.5) (19.5)
$483.0
41.0
(20.5)
(15.2)
15.2
(249.6)
Less: Purchases of Property and Equipment
(151.3)
(122.6)
(39.9)
Free Cash Flow
$215.5
$273.5
$283.5
Issuance of Common Stock, Net of Taxes
(43.7)
(53.8)
(30.2)
$528.1
(87.8) (30.9) (30.3)
$395.2 $497.2 $647.2
(26.4) (23.9)
$677.5 $515.1
$551.2
$191.7
(76.8)
(70.1)
(26.9)
$438.3
$481.1
$164.8
(13.3)
(17.1)
(24.4)
(13.9)
Stock Repurchases
(571.8)
(691.2)
(800.0)
(500.0)
-
(604.3) (896.2)
Acquisitions
(1.5)
(30.8)
Payments of debt assumed in connection with business
combination
(17.3)
Purchase of investment in a privately held company
Other
(8.5)
Change in Cash, Investments, and Marketable Equity
Securities
Footnote: Cash Paid for Taxes, Net of Refunds
(7.9)
$(426.7)
$57.5
(18.6)
$(490.1)
$18.8
(12.3)
$(559.0) $(129.0)
$110.3 $68.5
2.2
(0.4)
$442.1
$62.6
4.3
1.8
8.7
15.4
$638.2
$20.7
$423.0
$37.9
$(147.4) $(729.9)
$26.3
$341.4
Note
(1)
Total cash paid for taxes in the fourth quarter of 2023 was $341 million, including $210 million of 2023 estimated Federal tax and other tax payments that were postponed from earlier
quarters in accordance with IRS disaster area tax relief policies.
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