| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.7B | — | $4.6B | — | 2.6% |
| Op. Income | $439M | — | $585M | — | -25.0% |
| Gross Margin | 43.1% | — | 46.5% | — | -3.4pp |
| Net Margin | 6.0% | — | 11.1% | — | -5.1pp |
| EPS (Diluted) | $0.96 | — | $1.70 | — | -43.5% |
| Free Cash Flow | $725M | — | $192M | — | 277.6% |
| Item | Amount |
|---|---|
| REVENUE | $4.7B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $290M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.2B |
| Other Expenses | $85M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $439M |
| Interest Income | $34M |
| Interest Expense | $111M |
| Other Income/Expenses | -$80M |
| INCOME BEFORE TAX | $359M |
| Income Tax Expense | $77M |
| Net Income from Continuing Ops | $282M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $281M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $281M |
| D&A | $561M |
| EBIT | $470M |
| EBITDA | $1.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.7B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $290M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.2B |
| Other Expenses | $85M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $439M |
| Interest Income | $34M |
| Interest Expense | $111M |
| Other Income/Expenses | -$80M |
| INCOME BEFORE TAX | $359M |
| Income Tax Expense | $77M |
| Net Income from Continuing Ops | $282M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $281M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $281M |
| D&A | $561M |
| EBIT | $470M |
| EBITDA | $1.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $281M |
| Depreciation & Amortization | $561M |
| Stock-Based Compensation | $83M |
| Deferred Income Tax | -$91M |
| Other Non-Cash Items | -$145M |
| Change in Working Capital | $152M |
| OPERATING CASH FLOW | $841M |
| Capital Expenditure | -$116M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$117M |
| NET CASH FROM INVESTING | -$233M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$500M |
| Common Dividends Paid | -$275M |
| Other Financing Activities | -$87M |
| NET CASH FROM FINANCING | -$862M |
| FREE CASH FLOW | $725M |
| Net Change in Cash | -$247M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $2M |
| Net Receivables | $2.3B |
| Inventory | $3.3B |
| Other Current Assets | $1.4B |
| TOTAL CURRENT ASSETS | $8.2B |
| PP&E (Net) | $6.6B |
| Goodwill | $24.6B |
| Intangible Assets | $10.6B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.3B |
| TOTAL NON-CURRENT ASSETS | $44.1B |
| TOTAL ASSETS | $52.3B |
| Account Payables | $0 |
| Short-Term Debt | $2.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.5B |
| TOTAL CURRENT LIABILITIES | $7.5B |
| Long-Term Debt | $14.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5.3B |
| TOTAL NON-CURRENT LIABILITIES | $19.4B |
| TOTAL LIABILITIES | $26.9B |
| Common Stock | $371M |
| Additional Paid-In Capital | $19.7B |
| Retained Earnings | $15.5B |
| Treasury Stock | -$8.8B |
| Accum. Other Comp. Income | -$1.5B |
| Other Equity | $24M |
| TOTAL STOCKHOLDERS' EQUITY | $25.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $25.3B |
| TOTAL LIABILITIES & EQUITY | $52.3B |
| Total Debt | $16.1B |
| Net Debt | $14.9B |
