| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $502M | $485M | $449M | 3.4% | 11.7% |
| Op. Income | $80M | $112M | $122M | -28.5% | -34.3% |
| Gross Margin | 62.5% | 66.7% | 66.7% | -4.2pp | -4.2pp |
| Net Margin | 12.8% | 19.3% | 22.2% | -6.5pp | -9.3pp |
| EPS (Diluted) | $5.08 | $7.29 | $7.61 | -30.3% | -33.2% |
| Free Cash Flow | $310M | $310M | $296M | 0.1% | 4.8% |
| Item | Amount |
|---|---|
| REVENUE | $502M |
| Cost of Revenue | $188M |
| GROSS PROFIT | $314M |
| R&D Expenses | $0 |
| Selling & Marketing | $24M |
| General & Administrative | $24M |
| SG&A Expenses | $48M |
| Other Expenses | $186M |
| Operating Expenses | $234M |
| Cost & Expenses | $422M |
| OPERATING INCOME | $80M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $86M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $64M |
| D&A | $7M |
| EBIT | $80M |
| EBITDA | $87M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $502M |
| Cost of Revenue | $188M |
| GROSS PROFIT | $314M |
| R&D Expenses | $0 |
| Selling & Marketing | $24M |
| General & Administrative | $24M |
| SG&A Expenses | $48M |
| Other Expenses | $186M |
| Operating Expenses | $234M |
| Cost & Expenses | $422M |
| OPERATING INCOME | $80M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $86M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $64M |
| D&A | $7M |
| EBIT | $80M |
| EBITDA | $87M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $64M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $32M |
| Other Non-Cash Items | $186M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $310M |
| Capital Expenditure | -$300.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$22M |
| Sales/Maturities of Investments | $14M |
| Other Investing Activities | -$576M |
| NET CASH FROM INVESTING | -$584M |
| Net Debt Issuance | $546M |
| Common Stock Repurchased | -$191M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $16M |
| NET CASH FROM FINANCING | $371M |
| FREE CASH FLOW | $310M |
| Net Change in Cash | $97M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $568M |
| Short-Term Investments | $5M |
| Net Receivables | $11M |
| Inventory | $0 |
| Other Current Assets | -$583M |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $45M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | -$45M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $8.1B |
| Account Payables | $0 |
| Short-Term Debt | $130M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $412M |
| TOTAL CURRENT LIABILITIES | $542M |
| Long-Term Debt | $5.5B |
| Deferred Revenue NC | $77M |
| Deferred Tax Liabilities | $421M |
| Other Non-Current Liabilities | -$6.0B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $6.4B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $304M |
| Retained Earnings | $1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $8.1B |
| Total Debt | $5.6B |
| Net Debt | $5.0B |
