| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.7B | $6.7B | $6.7B | -0.2% | -0.5% |
| Op. Income | $2.0B | $2.0B | $2.0B | -0.2% | -0.2% |
| Gross Margin | 47.8% | 47.1% | 46.7% | 0.6pp | 1.1pp |
| Net Margin | 30.1% | 29.8% | 25.5% | 0.3pp | 4.6pp |
| EPS (Diluted) | $2.41 | $2.38 | $2.02 | 1.3% | 19.3% |
| Free Cash Flow | $2.1B | $1.2B | $2.0B | 68.2% | 5.7% |
| Item | Amount |
|---|---|
| REVENUE | $6.7B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $3.2B |
| R&D Expenses | $754M |
| Selling & Marketing | $207M |
| General & Administrative | $276M |
| SG&A Expenses | $483M |
| Other Expenses | $0 |
| Operating Expenses | $1.2B |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $2.0B |
| Interest Income | $395M |
| Interest Expense | $59M |
| Other Income/Expenses | $336M |
| INCOME BEFORE TAX | $2.3B |
| Income Tax Expense | $284M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $91M |
| EBIT | $2.4B |
| EBITDA | $2.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $6.7B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $3.2B |
| R&D Expenses | $754M |
| Selling & Marketing | $207M |
| General & Administrative | $276M |
| SG&A Expenses | $483M |
| Other Expenses | $0 |
| Operating Expenses | $1.2B |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $2.0B |
| Interest Income | $395M |
| Interest Expense | $59M |
| Other Income/Expenses | $336M |
| INCOME BEFORE TAX | $2.3B |
| Income Tax Expense | $284M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $91M |
| EBIT | $2.4B |
| EBITDA | $2.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $2.0B |
| Depreciation & Amortization | $91M |
| Stock-Based Compensation | $170M |
| Deferred Income Tax | -$72M |
| Other Non-Cash Items | -$235M |
| Change in Working Capital | $352M |
| OPERATING CASH FLOW | $2.3B |
| Capital Expenditure | -$229M |
| Acquisitions (Net) | $218M |
| Purchases of Investments | -$749M |
| Sales/Maturities of Investments | $531M |
| Other Investing Activities | -$218M |
| NET CASH FROM INVESTING | -$447M |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | -$700M |
| Common Dividends Paid | -$266M |
| Other Financing Activities | -$192M |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $2.1B |
| Net Change in Cash | $721M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.9B |
| Short-Term Investments | $638M |
| Net Receivables | $5.0B |
| Inventory | $5.6B |
| Other Current Assets | $1.0B |
| TOTAL CURRENT ASSETS | $19.2B |
| PP&E (Net) | $3.3B |
| Goodwill | $3.7B |
| Intangible Assets | $283M |
| Long-Term Investments | $2.9B |
| Tax Assets | $1.8B |
| Other Non-Current Assets | $351M |
| TOTAL NON-CURRENT ASSETS | $12.4B |
| TOTAL ASSETS | $31.5B |
| Account Payables | $1.4B |
| Short-Term Debt | $100M |
| Deferred Revenue | $3.1B |
| Other Current Liabilities | $601M |
| TOTAL CURRENT LIABILITIES | $7.1B |
| Long-Term Debt | $5.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $7.0B |
| TOTAL LIABILITIES | $14.1B |
| Common Stock | $8M |
| Additional Paid-In Capital | $9.1B |
| Retained Earnings | $45.5B |
| Treasury Stock | -$37.0B |
| Accum. Other Comp. Income | -$166M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $17.4B |
| TOTAL LIABILITIES & EQUITY | $31.5B |
| Total Debt | $6.0B |
| Net Debt | -$865M |
