| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.0B | $10.2B | $9.7B | -2.7% | 2.2% |
| Op. Income | $1.4B | $1.9B | $1.4B | -25.7% | -1.1% |
| Gross Margin | 50.4% | 51.3% | 49.3% | -0.9pp | 1.1pp |
| Net Margin | 12.3% | 15.6% | 13.5% | -3.3pp | -1.2pp |
| EPS (Diluted) | $0.70 | $0.91 | $0.75 | -23.1% | -6.7% |
| Free Cash Flow | $627M | $2.3B | $763M | -72.5% | -17.8% |
| Item | Amount |
|---|---|
| REVENUE | $10.0B |
| Cost of Revenue | $4.9B |
| GROSS PROFIT | $5.0B |
| R&D Expenses | $683M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.0B |
| Other Expenses | $0 |
| Operating Expenses | $3.6B |
| Cost & Expenses | $8.6B |
| OPERATING INCOME | $1.4B |
| Interest Income | $80M |
| Interest Expense | $117M |
| Other Income/Expenses | $51M |
| INCOME BEFORE TAX | $1.4B |
| Income Tax Expense | $211M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $805M |
| EBIT | $1.6B |
| EBITDA | $2.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $10.0B |
| Cost of Revenue | $4.9B |
| GROSS PROFIT | $5.0B |
| R&D Expenses | $683M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.0B |
| Other Expenses | $0 |
| Operating Expenses | $3.6B |
| Cost & Expenses | $8.6B |
| OPERATING INCOME | $1.4B |
| Interest Income | $80M |
| Interest Expense | $117M |
| Other Income/Expenses | $51M |
| INCOME BEFORE TAX | $1.4B |
| Income Tax Expense | $211M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $805M |
| EBIT | $1.6B |
| EBITDA | $2.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.2B |
| Depreciation & Amortization | $805M |
| Stock-Based Compensation | $304M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$748M |
| Change in Working Capital | -$561M |
| OPERATING CASH FLOW | $1.0B |
| Capital Expenditure | -$398M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$27M |
| NET CASH FROM INVESTING | -$425M |
| Net Debt Issuance | -$127M |
| Common Stock Repurchased | -$226M |
| Common Dividends Paid | -$957M |
| Other Financing Activities | $134M |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $627M |
| Net Change in Cash | -$612M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.3B |
| Short-Term Investments | $367M |
| Net Receivables | $6.6B |
| Inventory | $6.8B |
| Other Current Assets | $2.3B |
| TOTAL CURRENT ASSETS | $22.4B |
| PP&E (Net) | $10.1B |
| Goodwill | $23.4B |
| Intangible Assets | $8.3B |
| Long-Term Investments | $818M |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.5B |
| TOTAL NON-CURRENT ASSETS | $50.1B |
| TOTAL ASSETS | $72.5B |
| Account Payables | $4.2B |
| Short-Term Debt | $2.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.2B |
| TOTAL CURRENT LIABILITIES | $14.0B |
| Long-Term Debt | $12.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6.8B |
| TOTAL NON-CURRENT LIABILITIES | $19.4B |
| TOTAL LIABILITIES | $33.4B |
| Common Stock | $24.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $38.0B |
| Treasury Stock | -$15.8B |
| Accum. Other Comp. Income | -$8.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $38.8B |
| Minority Interest | $233M |
| TOTAL EQUITY | $39.0B |
| TOTAL LIABILITIES & EQUITY | $72.5B |
| Total Debt | $14.6B |
| Net Debt | $8.3B |
