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Interim Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2023
Net revenues and financial income $ 4,333 $ 4,409 $ 3,927 $ 3,585 $ 3,186 [1] $ 15,107
Cost of net revenues and financial expenses (2,309) (2,359) (1,832) (1,754) (1,572) [1] (7,517)
Gross profit 2,024 2,050 2,095 1,831 1,614 [1] 7,590
Operating expenses:            
Product and technology development (458) (686) (396) (368) (381) [1] (1,831)
Sales and marketing (478) (529) (441) (383) (383) [1] (1,736)
Provision for doubtful accounts (374) (299) (277) (222) (252) [1] (1,050)
General and administrative (186) (201) (196) (189) (180) [1] (766)
Total operating expenses (1,496) (1,715) (1,310) (1,162) (1,196) [1] (5,383)
Income from operations 528 335 785 669 418 [1] 2,207
Other income (expenses):            
Interest income and other financial gains 25 40 38 34 23 [1] 135
Interest expense and other financial losses (38) (38) (53) (49) (34) [1] (174)
Foreign currency losses, net (34) (107) (239) (182) (87) [1] (615)
Net income before income tax expense and equity in earnings of unconsolidated entity 481 230 531 472 320 [1] 1,553
Income tax expense (137) (65) (172) (210) (122) [1] (569)
Equity in earnings of unconsolidated entity 0 0 0 0 3 [1] 3
Net income $ 344 165 359 262 $ 201 [1] 987
Basic earning per share            
Basic net income available to shareholders per common share (in dollars per share) $ 6.78       $ 4.01  
Weighted average of outstanding common shares (in shares) 50,697,442       50,245,073  
Diluted earning per share            
Diluted net income available to shareholders per common share (in dollars per share) $ 6.78       $ 3.97  
Weighted average of outstanding common shares (in shares) 50,697,442       51,235,341  
Service            
Net revenues and financial income $ 3,955 3,898 3,586 3,221 $ 2,912 [1] 13,617
Product            
Net revenues and financial income $ 378 $ 511 $ 341 $ 364 $ 274 [1] $ 1,490
[1] Recast for consistency with the current presentation due to the change in the presentation of certain financial results. Please refer to Note 2 – Summary of significant accounting policies - Change in the presentation of certain financial results and reclassification of prior year results.