| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.2B | $5.0B | $4.7B | 2.7% | 11.3% |
| Op. Income | $907M | $1.7B | $1.6B | -48.0% | -42.8% |
| Gross Margin | 88.6% | 87.4% | 87.8% | 1.2pp | 0.8pp |
| Net Margin | 12.0% | 29.4% | 26.8% | -17.4pp | -14.8pp |
| EPS (Diluted) | $1.36 | $3.23 | $2.71 | -57.9% | -49.8% |
| Free Cash Flow | $1.1B | $1.6B | $1.6B | -29.1% | -31.0% |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $590M |
| GROSS PROFIT | $4.6B |
| R&D Expenses | $939M |
| Selling & Marketing | $1.4B |
| General & Administrative | $352M |
| SG&A Expenses | $1.7B |
| Other Expenses | $1.0B |
| Operating Expenses | $3.7B |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $907M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | $61M |
| INCOME BEFORE TAX | $968M |
| Income Tax Expense | $348M |
| Net Income from Continuing Ops | $620M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $620M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $620M |
| D&A | $212M |
| EBIT | $995M |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $590M |
| GROSS PROFIT | $4.6B |
| R&D Expenses | $939M |
| Selling & Marketing | $1.4B |
| General & Administrative | $352M |
| SG&A Expenses | $1.7B |
| Other Expenses | $1.0B |
| Operating Expenses | $3.7B |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $907M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | $61M |
| INCOME BEFORE TAX | $968M |
| Income Tax Expense | $348M |
| Net Income from Continuing Ops | $620M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $620M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $620M |
| D&A | $212M |
| EBIT | $995M |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $620M |
| Depreciation & Amortization | $212M |
| Stock-Based Compensation | $451M |
| Deferred Income Tax | -$116M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $1.2B |
| Capital Expenditure | -$75M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$38M |
| Sales/Maturities of Investments | $141M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $66M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2.0B |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$225M |
| NET CASH FROM FINANCING | -$2.1B |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | -$887M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.3B |
| Short-Term Investments | $566M |
| Net Receivables | $2.1B |
| Inventory | $0 |
| Other Current Assets | $1.1B |
| TOTAL CURRENT ASSETS | $10.0B |
| PP&E (Net) | $2.4B |
| Goodwill | $12.8B |
| Intangible Assets | $1.0B |
| Long-Term Investments | $0 |
| Tax Assets | $1.3B |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $18.7B |
| TOTAL ASSETS | $28.8B |
| Account Payables | $300M |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $6.0B |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $9.5B |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $135M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $3.8B |
| TOTAL LIABILITIES | $13.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $12.0B |
| Retained Earnings | $33.8B |
| Treasury Stock | -$30.1B |
| Accum. Other Comp. Income | -$277M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $15.5B |
| TOTAL LIABILITIES & EQUITY | $28.8B |
| Total Debt | $4.1B |
| Net Debt | -$2.2B |
