| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $997M | $957M | $943M | 4.3% | 5.8% |
| Op. Income | $154M | $172M | $134M | -10.1% | 15.4% |
| Gross Margin | 70.0% | 70.0% | 70.0% | -0.0pp | -0.1pp |
| Net Margin | 10.5% | 13.0% | 9.3% | -2.4pp | 1.2pp |
| EPS (Diluted) | $1.39 | $1.64 | $1.14 | -15.2% | 21.9% |
| Free Cash Flow | $19M | $13M | $136M | 43.1% | -85.8% |
| Item | Amount |
|---|---|
| REVENUE | $997M |
| Cost of Revenue | $300M |
| GROSS PROFIT | $698M |
| R&D Expenses | $92M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $452M |
| Other Expenses | $0 |
| Operating Expenses | $544M |
| Cost & Expenses | $843M |
| OPERATING INCOME | $154M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $158M |
| Income Tax Expense | $53M |
| Net Income from Continuing Ops | $105M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $105M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $105M |
| D&A | $33M |
| EBIT | $154M |
| EBITDA | $187M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $997M |
| Cost of Revenue | $300M |
| GROSS PROFIT | $698M |
| R&D Expenses | $92M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $452M |
| Other Expenses | $0 |
| Operating Expenses | $544M |
| Cost & Expenses | $843M |
| OPERATING INCOME | $154M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $158M |
| Income Tax Expense | $53M |
| Net Income from Continuing Ops | $105M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $105M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $105M |
| D&A | $33M |
| EBIT | $154M |
| EBITDA | $187M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $105M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $39M |
| Deferred Income Tax | $18M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$173M |
| OPERATING CASH FLOW | $29M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | -$77M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | -$6.0K |
| NET CASH FROM INVESTING | -$80M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$26M |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $19M |
| Net Change in Cash | -$72M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $866M |
| Short-Term Investments | $33M |
| Net Receivables | $1.2B |
| Inventory | $280M |
| Other Current Assets | $70M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $1.4B |
| Goodwill | $458M |
| Intangible Assets | $121M |
| Long-Term Investments | $4M |
| Tax Assets | $1.6B |
| Other Non-Current Assets | $122M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $6.2B |
| Account Payables | $117M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.4B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.0B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $278M |
| TOTAL NON-CURRENT LIABILITIES | $373M |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $2.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $6.2B |
| Total Debt | $126M |
| Net Debt | -$739M |
