Q4 operating income stable compared to Q3 at $414M, operating margin of 5.7% Operating cash flow less capex improved from Q3 to $910M in Q4 Cash and cash equivalents of $3.7B at Q4-end, increased by $718M in Q4 Q4 GAAP net income of $139M impacted by $54M non-cash charge Model 3 GAAP and non-GAAP gross margin remained stable at >20% in Q4