| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.3B | — | 8.7% | — |
| Op. Income | $362M | $478M | — | -24.3% | — |
| Gross Margin | 20.4% | 100.0% | — | -79.6pp | — |
| Net Margin | 13.2% | 19.6% | — | -6.3pp | — |
| EPS (Diluted) | $2.30 | $3.13 | — | -26.5% | — |
| Free Cash Flow | $216M | $418M | — | -48.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $516M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $154M |
| Operating Expenses | $154M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $362M |
| Interest Income | $0 |
| Interest Expense | $72M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $362M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $337M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $335M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $304M |
| D&A | $36M |
| EBIT | $434M |
| EBITDA | $470M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $516M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $154M |
| Operating Expenses | $154M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $362M |
| Interest Income | $0 |
| Interest Expense | $72M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $362M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $337M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $335M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $304M |
| D&A | $36M |
| EBIT | $434M |
| EBITDA | $470M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $337M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $15M |
| Other Non-Cash Items | -$379M |
| Change in Working Capital | $223M |
| OPERATING CASH FLOW | $232M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$9.0B |
| Sales/Maturities of Investments | $6.8B |
| Other Investing Activities | -$125M |
| NET CASH FROM INVESTING | -$2.3B |
| Net Debt Issuance | -$24M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $363M |
| NET CASH FROM FINANCING | $333M |
| FREE CASH FLOW | $216M |
| Net Change in Cash | -$1.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.6B |
| Short-Term Investments | $8.0B |
| Net Receivables | $1.3B |
| Inventory | $0 |
| Other Current Assets | -$11.9B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $282M |
| Goodwill | $121M |
| Intangible Assets | $220M |
| Long-Term Investments | $30.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$31.5B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $63.1B |
| Account Payables | $0 |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$1.9B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$2.4B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $53.9B |
| Common Stock | $5.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$116M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.0B |
| Minority Interest | $145M |
| TOTAL EQUITY | $9.2B |
| TOTAL LIABILITIES & EQUITY | $63.1B |
| Total Debt | $3.7B |
| Net Debt | $1.2B |
