| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.7B | $3.2B | -7.5% | -22.7% |
| Op. Income | $586M | $634M | $1.1B | -7.6% | -48.2% |
| Gross Margin | 58.7% | 60.6% | 65.4% | -2.0pp | -6.7pp |
| Net Margin | 18.4% | 18.3% | 29.6% | 0.1pp | -11.2pp |
| EPS (Diluted) | $0.93 | $0.99 | $1.88 | -6.1% | -50.5% |
| Free Cash Flow | $916M | $711M | $1.2B | 28.8% | -25.5% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $391M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $290M |
| Other Expenses | $206M |
| Operating Expenses | $888M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $586M |
| Interest Income | $9M |
| Interest Expense | $77M |
| Other Income/Expenses | -$73M |
| INCOME BEFORE TAX | $513M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $463M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $463M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $463M |
| D&A | $525M |
| EBIT | $591M |
| EBITDA | $1.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $391M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $290M |
| Other Expenses | $206M |
| Operating Expenses | $888M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $586M |
| Interest Income | $9M |
| Interest Expense | $77M |
| Other Income/Expenses | -$73M |
| INCOME BEFORE TAX | $513M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $463M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $463M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $463M |
| D&A | $525M |
| EBIT | $591M |
| EBITDA | $1.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $463M |
| Depreciation & Amortization | $525M |
| Stock-Based Compensation | $70M |
| Deferred Income Tax | -$102M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $179M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$223M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$219M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$180M |
| Common Dividends Paid | -$426M |
| Other Financing Activities | $35M |
| NET CASH FROM FINANCING | -$574M |
| FREE CASH FLOW | $916M |
| Net Change in Cash | $345M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $0 |
| Net Receivables | $1.2B |
| Inventory | $1.6B |
| Other Current Assets | $362M |
| TOTAL CURRENT ASSETS | $4.4B |
| PP&E (Net) | $3.3B |
| Goodwill | $26.9B |
| Intangible Assets | $10.9B |
| Long-Term Investments | $0 |
| Tax Assets | $2.2B |
| Other Non-Current Assets | $734M |
| TOTAL NON-CURRENT ASSETS | $44.0B |
| TOTAL ASSETS | $48.4B |
| Account Payables | $398M |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $5.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.0B |
| Other Non-Current Liabilities | $995M |
| TOTAL NON-CURRENT LIABILITIES | $9.9B |
| TOTAL LIABILITIES | $12.8B |
| Common Stock | $83M |
| Additional Paid-In Capital | $25.3B |
| Retained Earnings | $10.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$181M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $35.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $35.5B |
| TOTAL LIABILITIES & EQUITY | $48.4B |
| Total Debt | $7.0B |
| Net Debt | $5.7B |
