The company said its revenue for Q4 2023 decreased 10.0% year-over-year to $6.4 billion, with net earnings of $1.1 billion ($1.50 per diluted share) and non-GAAP adjusted diluted net earnings per share of $2.09.

1. 01

   The company said its revenue for Q4 2023 decreased 10.0% year-over-year to $6.4 billion, with net earnings of $1.1 billion ($1.50 per diluted share) and non-GAAP adjusted diluted net earnings per share of $2.09.

2. 02

   The company said its revenue for 2023 decreased 10.5% year-over-year to $23.9 billion, while non-GAAP core revenue declined 10.0% and non-GAAP base business core revenue declined 0.5%.

3. 03

   The company reported operating cash flow from continuing operations of $6,490 million for 2023 (2022 $7,613 million) and non-GAAP free cash flow of $5,119 million (2022 $6,504 million). The year-over-year change in free cash flow was presented as approximately -21.5%.

4. 04

   The company said it expects non-GAAP core revenue for Q1 2024 to decline high-single digits year-over-year and for the full year to decline low-single digits year-over-year. Beginning with Q1 2024, it will no longer provide guidance for, or report, base business core revenue.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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