| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.4B | $4.8B | $3.8B | -7.7% | 16.9% |
| Op. Income | $791M | $609M | $450M | 29.9% | 75.8% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | 17.6% | 4.6% | 7.0% | 12.9pp | 10.5pp |
| EPS (Diluted) | $0.89 | $0.25 | $0.28 | 256.2% | 219.6% |
| Free Cash Flow | $2.6B | $1.3B | $2.8B | 105.6% | -8.1% |
| Item | Amount |
|---|---|
| REVENUE | $4.4B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $4.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $2.3B |
| General & Administrative | $1.0B |
| SG&A Expenses | $3.3B |
| Other Expenses | $324M |
| Operating Expenses | $3.6B |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $791M |
| Interest Income | $243M |
| Interest Expense | $219M |
| Other Income/Expenses | $146M |
| INCOME BEFORE TAX | $937M |
| Income Tax Expense | $161M |
| Net Income from Continuing Ops | $776M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $776M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $776M |
| D&A | $177M |
| EBIT | $1.2B |
| EBITDA | $1.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.4B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $4.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $2.3B |
| General & Administrative | $1.0B |
| SG&A Expenses | $3.3B |
| Other Expenses | $324M |
| Operating Expenses | $3.6B |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $791M |
| Interest Income | $243M |
| Interest Expense | $219M |
| Other Income/Expenses | $146M |
| INCOME BEFORE TAX | $937M |
| Income Tax Expense | $161M |
| Net Income from Continuing Ops | $776M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $776M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $776M |
| D&A | $177M |
| EBIT | $1.2B |
| EBITDA | $1.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $776M |
| Depreciation & Amortization | $177M |
| Stock-Based Compensation | $144M |
| Deferred Income Tax | -$35M |
| Other Non-Cash Items | -$62M |
| Change in Working Capital | $1.7B |
| OPERATING CASH FLOW | $2.7B |
| Capital Expenditure | -$130M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $218M |
| Other Investing Activities | -$19M |
| NET CASH FROM INVESTING | $69M |
| Net Debt Issuance | $3.0B |
| Common Stock Repurchased | -$1.9B |
| Common Dividends Paid | -$299M |
| Other Financing Activities | -$20M |
| NET CASH FROM FINANCING | $784M |
| FREE CASH FLOW | $2.6B |
| Net Change in Cash | $3.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15.6B |
| Short-Term Investments | $362M |
| Net Receivables | $3.3B |
| Inventory | $0 |
| Other Current Assets | $452M |
| TOTAL CURRENT ASSETS | $20.5B |
| PP&E (Net) | $1.5B |
| Goodwill | $2.8B |
| Intangible Assets | $1.6B |
| Long-Term Investments | $443M |
| Tax Assets | $287M |
| Other Non-Current Assets | $686M |
| TOTAL NON-CURRENT ASSETS | $7.3B |
| TOTAL ASSETS | $27.7B |
| Account Payables | $3.3B |
| Short-Term Debt | $3.5B |
| Deferred Revenue | $5.3B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $16.8B |
| Long-Term Debt | $13.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $287M |
| Other Non-Current Liabilities | $667M |
| TOTAL NON-CURRENT LIABILITIES | $14.9B |
| TOTAL LIABILITIES | $31.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $7.3B |
| Retained Earnings | $32.3B |
| Treasury Stock | -$43.3B |
| Accum. Other Comp. Income | -$356M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$4.1B |
| TOTAL LIABILITIES & EQUITY | $27.7B |
| Total Debt | $17.5B |
| Net Debt | $1.8B |
