| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $3.0B | $2.6B | -3.5% | 9.0% |
| Op. Income | $293M | $227M | $147M | 29.3% | 99.1% |
| Gross Margin | 78.4% | 79.9% | 75.6% | -1.6pp | 2.8pp |
| Net Margin | 8.2% | 6.1% | 4.3% | 2.1pp | 3.9pp |
| EPS (Diluted) | $4.47 | $3.42 | $2.12 | 30.7% | 110.8% |
| Free Cash Flow | $32M | $308M | $211M | -89.7% | -85.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $623M |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $2.0B |
| Operating Expenses | $2.0B |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $293M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $293M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $236M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $236M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $236M |
| D&A | $51M |
| EBIT | $320M |
| EBITDA | $370M |
| EPS | $5 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $623M |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $2.0B |
| Operating Expenses | $2.0B |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $293M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $293M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $236M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $236M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $236M |
| D&A | $51M |
| EBIT | $320M |
| EBITDA | $370M |
| EPS | $5 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $236M |
| Depreciation & Amortization | $51M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $20M |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | -$226M |
| OPERATING CASH FLOW | $83M |
| Capital Expenditure | -$51M |
| Acquisitions (Net) | -$10M |
| Purchases of Investments | -$808M |
| Sales/Maturities of Investments | $541M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$328M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$46M |
| Common Dividends Paid | -$37M |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | -$96M |
| FREE CASH FLOW | $32M |
| Net Change in Cash | -$346M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $7.4B |
| Net Receivables | $8.6B |
| Inventory | $0 |
| Other Current Assets | -$17.3B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $706M |
| Goodwill | $2.6B |
| Intangible Assets | $609M |
| Long-Term Investments | $7.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$11.6B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $33.2B |
| Account Payables | $2.4B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$2.9B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$2.1B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $28.3B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $4.2B |
| Treasury Stock | -$123M |
| Accum. Other Comp. Income | -$811M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.9B |
| TOTAL LIABILITIES & EQUITY | $33.2B |
| Total Debt | $2.1B |
| Net Debt | $799M |
