| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $935M | $1.0B | $998M | -7.5% | -6.3% |
| Op. Income | $133M | $110M | $109M | 21.1% | 22.0% |
| Gross Margin | 45.8% | 43.8% | 41.7% | 2.0pp | 4.1pp |
| Net Margin | 10.8% | 8.2% | 7.5% | 2.6pp | 3.3pp |
| EPS (Diluted) | $3.21 | $2.63 | $2.29 | 22.1% | 40.2% |
| Free Cash Flow | $175M | $88M | $168M | 99.5% | 4.2% |
| Item | Amount |
|---|---|
| REVENUE | $935M |
| Cost of Revenue | $506M |
| GROSS PROFIT | $428M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $296M |
| SG&A Expenses | $296M |
| Other Expenses | $0 |
| Operating Expenses | $296M |
| Cost & Expenses | $802M |
| OPERATING INCOME | $133M |
| Interest Income | $6M |
| Interest Expense | $6M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $131M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $101M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $101M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $101M |
| D&A | $23M |
| EBIT | $137M |
| EBITDA | $160M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $935M |
| Cost of Revenue | $506M |
| GROSS PROFIT | $428M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $296M |
| SG&A Expenses | $296M |
| Other Expenses | $0 |
| Operating Expenses | $296M |
| Cost & Expenses | $802M |
| OPERATING INCOME | $133M |
| Interest Income | $6M |
| Interest Expense | $6M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $131M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $101M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $101M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $101M |
| D&A | $23M |
| EBIT | $137M |
| EBITDA | $160M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $101M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $400.0K |
| Change in Working Capital | $55M |
| OPERATING CASH FLOW | $190M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $100.0K |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$48M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$60M |
| FREE CASH FLOW | $175M |
| Net Change in Cash | $115M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $513M |
| Short-Term Investments | $0 |
| Net Receivables | $517M |
| Inventory | $365M |
| Other Current Assets | $78M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $373M |
| Goodwill | $1.1B |
| Intangible Assets | $471M |
| Long-Term Investments | $0 |
| Tax Assets | $700.0K |
| Other Non-Current Assets | $48M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $3.5B |
| Account Payables | $312M |
| Short-Term Debt | $0 |
| Deferred Revenue | $13M |
| Other Current Liabilities | $229M |
| TOTAL CURRENT LIABILITIES | $601M |
| Long-Term Debt | $496M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $57M |
| Other Non-Current Liabilities | $177M |
| TOTAL NON-CURRENT LIABILITIES | $799M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $3.6B |
| Treasury Stock | -$2.5B |
| Accum. Other Comp. Income | -$114M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $585M |
| Net Debt | $72M |
