| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $801M | $795M | $689M | 0.7% | 16.2% |
| Op. Income | $107M | $111M | $208M | -4.1% | -48.7% |
| Gross Margin | 55.1% | 56.3% | 73.8% | -1.2pp | -18.7pp |
| Net Margin | 10.5% | 10.4% | 23.6% | 0.1pp | -13.1pp |
| EPS (Diluted) | $1.30 | $1.26 | $2.43 | 3.2% | -46.5% |
| Free Cash Flow | $138M | -$499M | $2.4B | 127.7% | -94.3% |
| Item | Amount |
|---|---|
| REVENUE | $801M |
| Cost of Revenue | $360M |
| GROSS PROFIT | $441M |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $218M |
| SG&A Expenses | $226M |
| Other Expenses | $108M |
| Operating Expenses | $334M |
| Cost & Expenses | $694M |
| OPERATING INCOME | $107M |
| Interest Income | $645M |
| Interest Expense | $352M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $107M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $84M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $84M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $26M |
| EBIT | $107M |
| EBITDA | $133M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $801M |
| Cost of Revenue | $360M |
| GROSS PROFIT | $441M |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $218M |
| SG&A Expenses | $226M |
| Other Expenses | $108M |
| Operating Expenses | $334M |
| Cost & Expenses | $694M |
| OPERATING INCOME | $107M |
| Interest Income | $645M |
| Interest Expense | $352M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $107M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $84M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $84M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $26M |
| EBIT | $107M |
| EBITDA | $133M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $84M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$52M |
| Change in Working Capital | $117M |
| OPERATING CASH FLOW | $179M |
| Capital Expenditure | -$41M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.6B |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | -$267M |
| NET CASH FROM INVESTING | -$597M |
| Net Debt Issuance | -$840M |
| Common Stock Repurchased | -$55M |
| Common Dividends Paid | -$36M |
| Other Financing Activities | $1.2B |
| NET CASH FROM FINANCING | $225M |
| FREE CASH FLOW | $138M |
| Net Change in Cash | -$193M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $12.7B |
| Net Receivables | $377M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $14.2B |
| PP&E (Net) | $628M |
| Goodwill | $1.0B |
| Intangible Assets | $376M |
| Long-Term Investments | $26.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.5B |
| TOTAL NON-CURRENT ASSETS | $36.0B |
| TOTAL ASSETS | $50.2B |
| Account Payables | $319M |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $35.4B |
| TOTAL CURRENT LIABILITIES | $37.0B |
| Long-Term Debt | $6.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $8.1B |
| TOTAL LIABILITIES | $45.0B |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $5.3B |
| Treasury Stock | -$932M |
| Accum. Other Comp. Income | -$610M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.1B |
| Minority Interest | $3M |
| TOTAL EQUITY | $5.1B |
| TOTAL LIABILITIES & EQUITY | $50.2B |
| Total Debt | $8.1B |
| Net Debt | $7.0B |
