| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.6B | $5.1B | $4.6B | -9.8% | 1.2% |
| Op. Income | $801M | $788M | $728M | 1.7% | 10.1% |
| Gross Margin | 51.5% | 50.2% | 51.3% | 1.3pp | 0.1pp |
| Net Margin | 17.3% | 7.4% | 18.7% | 9.9pp | -1.4pp |
| EPS (Diluted) | $2.17 | $0.76 | $2.40 | 186.2% | -9.3% |
| Free Cash Flow | $611M | $1.0B | $664M | -39.9% | -8.0% |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $784M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $785M |
| Other Expenses | $0 |
| Operating Expenses | $1.6B |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $801M |
| Interest Income | $306M |
| Interest Expense | $112M |
| Other Income/Expenses | $182M |
| INCOME BEFORE TAX | $983M |
| Income Tax Expense | $129M |
| Net Income from Continuing Ops | $854M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $796M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $796M |
| D&A | $236M |
| EBIT | $1.1B |
| EBITDA | $1.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $784M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $785M |
| Other Expenses | $0 |
| Operating Expenses | $1.6B |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $801M |
| Interest Income | $306M |
| Interest Expense | $112M |
| Other Income/Expenses | $182M |
| INCOME BEFORE TAX | $983M |
| Income Tax Expense | $129M |
| Net Income from Continuing Ops | $854M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $796M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $796M |
| D&A | $236M |
| EBIT | $1.1B |
| EBITDA | $1.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $796M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $167M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$54M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $909M |
| Capital Expenditure | -$298M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$158M |
| NET CASH FROM INVESTING | -$455M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $349M |
| NET CASH FROM FINANCING | $349M |
| FREE CASH FLOW | $611M |
| Net Change in Cash | $827M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.4B |
| Short-Term Investments | $21.9B |
| Net Receivables | $1.8B |
| Inventory | $0 |
| Other Current Assets | $3.7B |
| TOTAL CURRENT ASSETS | $31.8B |
| PP&E (Net) | $5.7B |
| Goodwill | $3.3B |
| Intangible Assets | $3.1B |
| Long-Term Investments | $13.5B |
| Tax Assets | $330M |
| Other Non-Current Assets | $2.9B |
| TOTAL NON-CURRENT ASSETS | $28.8B |
| TOTAL ASSETS | $60.6B |
| Account Payables | $5.4B |
| Short-Term Debt | $3.3B |
| Deferred Revenue | $2.0B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $11.4B |
| Long-Term Debt | $8.6B |
| Deferred Revenue NC | $103M |
| Deferred Tax Liabilities | $412M |
| Other Non-Current Liabilities | $281M |
| TOTAL NON-CURRENT LIABILITIES | $10.1B |
| TOTAL LIABILITIES | $21.5B |
| Common Stock | $36.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $36.2B |
| Minority Interest | $2.9B |
| TOTAL EQUITY | $39.1B |
| TOTAL LIABILITIES & EQUITY | $60.6B |
| Total Debt | $13.1B |
| Net Debt | $8.6B |
