| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $972M | $1.1B | 27.2% | 11.6% |
| Op. Income | $391M | $207M | $325M | 88.7% | 20.3% |
| Gross Margin | 49.0% | 43.1% | 48.5% | 5.9pp | 0.5pp |
| Net Margin | 23.7% | 27.6% | 21.3% | -3.9pp | 2.4pp |
| EPS (Diluted) | $1.02 | $0.94 | $0.83 | 8.5% | 22.9% |
| Free Cash Flow | $0 | $275M | $48M | -100.0% | -100.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $631M |
| GROSS PROFIT | $606M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $215M |
| Operating Expenses | $215M |
| Cost & Expenses | $846M |
| OPERATING INCOME | $391M |
| Interest Income | $0 |
| Interest Expense | $50M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $364M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $293M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $293M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $293M |
| D&A | $54M |
| EBIT | $414M |
| EBITDA | $468M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $631M |
| GROSS PROFIT | $606M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $215M |
| Operating Expenses | $215M |
| Cost & Expenses | $846M |
| OPERATING INCOME | $391M |
| Interest Income | $0 |
| Interest Expense | $50M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $364M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $293M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $293M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $293M |
| D&A | $54M |
| EBIT | $414M |
| EBITDA | $468M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $293M |
| Depreciation & Amortization | $54M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | -$349M |
| OPERATING CASH FLOW | $13M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | -$76M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$88M |
| Net Debt Issuance | $87M |
| Common Stock Repurchased | -$54M |
| Common Dividends Paid | -$38M |
| Other Financing Activities | -$62M |
| NET CASH FROM FINANCING | -$67M |
| FREE CASH FLOW | $0 |
| Net Change in Cash | -$153M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $581M |
| Short-Term Investments | $10M |
| Net Receivables | $2.1B |
| Inventory | $0 |
| Other Current Assets | $1.9B |
| TOTAL CURRENT ASSETS | $5.0B |
| PP&E (Net) | $469M |
| Goodwill | $7.4B |
| Intangible Assets | $1.6B |
| Long-Term Investments | $21M |
| Tax Assets | $0 |
| Other Non-Current Assets | $333M |
| TOTAL NON-CURRENT ASSETS | $9.8B |
| TOTAL ASSETS | $14.8B |
| Account Payables | $322M |
| Short-Term Debt | $875M |
| Deferred Revenue | $488M |
| Other Current Liabilities | $2.8B |
| TOTAL CURRENT LIABILITIES | $4.9B |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $614M |
| Other Non-Current Liabilities | $338M |
| TOTAL NON-CURRENT LIABILITIES | $4.1B |
| TOTAL LIABILITIES | $9.0B |
| Common Stock | $30M |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $5.5B |
| Treasury Stock | -$748M |
| Accum. Other Comp. Income | -$51M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.8B |
| Minority Interest | $9M |
| TOTAL EQUITY | $5.8B |
| TOTAL LIABILITIES & EQUITY | $14.8B |
| Total Debt | $4.1B |
| Net Debt | $3.5B |
