| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.5B | $6.2B | $5.4B | -11.3% | 2.2% |
| Op. Income | $36M | $342M | -$145M | -89.5% | 124.8% |
| Gross Margin | 46.8% | 47.2% | 44.1% | -0.4pp | 2.7pp |
| Net Margin | 2.2% | 10.8% | -2.6% | -8.6pp | 4.8pp |
| EPS (Diluted) | $0.07 | $0.41 | $-0.09 | -81.7% | 183.3% |
| Free Cash Flow | $379M | $242M | $328M | 56.6% | 15.5% |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $1.5B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $607M |
| Other Expenses | $392M |
| Operating Expenses | $2.5B |
| Cost & Expenses | $5.4B |
| OPERATING INCOME | $36M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | $35M |
| INCOME BEFORE TAX | $71M |
| Income Tax Expense | -$52M |
| Net Income from Continuing Ops | $123M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $123M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $123M |
| D&A | $784M |
| EBIT | $89M |
| EBITDA | $873M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $1.5B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $607M |
| Other Expenses | $392M |
| Operating Expenses | $2.5B |
| Cost & Expenses | $5.4B |
| OPERATING INCOME | $36M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | $35M |
| INCOME BEFORE TAX | $71M |
| Income Tax Expense | -$52M |
| Net Income from Continuing Ops | $123M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $123M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $123M |
| D&A | $784M |
| EBIT | $89M |
| EBITDA | $873M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $123M |
| Depreciation & Amortization | $810M |
| Stock-Based Compensation | $371M |
| Deferred Income Tax | -$66M |
| Other Non-Cash Items | $43M |
| Change in Working Capital | -$760M |
| OPERATING CASH FLOW | $521M |
| Capital Expenditure | -$142M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$433M |
| Sales/Maturities of Investments | $443M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$135M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$133M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$129M |
| FREE CASH FLOW | $379M |
| Net Change in Cash | $257M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.2B |
| Short-Term Investments | $1.8B |
| Net Receivables | $5.1B |
| Inventory | $4.7B |
| Other Current Assets | $1.3B |
| TOTAL CURRENT ASSETS | $17.1B |
| PP&E (Net) | $2.3B |
| Goodwill | $24.3B |
| Intangible Assets | $20.7B |
| Long-Term Investments | $106M |
| Tax Assets | $433M |
| Other Non-Current Assets | $3.0B |
| TOTAL NON-CURRENT ASSETS | $50.8B |
| TOTAL ASSETS | $67.9B |
| Account Payables | $1.4B |
| Short-Term Debt | $750M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $6.5B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.2B |
| Other Non-Current Liabilities | $1.8B |
| TOTAL NON-CURRENT LIABILITIES | $5.2B |
| TOTAL LIABILITIES | $11.7B |
| Common Stock | $17M |
| Additional Paid-In Capital | $60.1B |
| Retained Earnings | $846M |
| Treasury Stock | -$4.7B |
| Accum. Other Comp. Income | -$28M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $56.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $56.2B |
| TOTAL LIABILITIES & EQUITY | $67.9B |
| Total Debt | $3.0B |
| Net Debt | -$1.2B |
