| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.9B | $3.3B | $4.5B | 16.2% | -13.1% |
| Op. Income | $234M | $85M | $217M | 174.0% | 8.0% |
| Gross Margin | 22.7% | 20.7% | 18.8% | 2.0pp | 3.9pp |
| Net Margin | 4.4% | 1.7% | 3.4% | 2.7pp | 0.9pp |
| EPS (Diluted) | $4.52 | $1.49 | $4.09 | 203.4% | 10.5% |
| Free Cash Flow | $160M | $70M | $194M | 128.6% | -17.5% |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $3.0B |
| GROSS PROFIT | $878M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $644M |
| Operating Expenses | $644M |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $234M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $221M |
| Income Tax Expense | $52M |
| Net Income from Continuing Ops | $169M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $169M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $169M |
| D&A | $83M |
| EBIT | $234M |
| EBITDA | $317M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $3.0B |
| GROSS PROFIT | $878M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $644M |
| Operating Expenses | $644M |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $234M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $221M |
| Income Tax Expense | $52M |
| Net Income from Continuing Ops | $169M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $169M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $169M |
| D&A | $83M |
| EBIT | $234M |
| EBITDA | $317M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $169M |
| Depreciation & Amortization | $83M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $16M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$53M |
| OPERATING CASH FLOW | $229M |
| Capital Expenditure | -$69M |
| Acquisitions (Net) | -$13M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$76M |
| Net Debt Issuance | -$30M |
| Common Stock Repurchased | -$30M |
| Common Dividends Paid | -$15M |
| Other Financing Activities | -$18M |
| NET CASH FROM FINANCING | -$92M |
| FREE CASH FLOW | $160M |
| Net Change in Cash | $60M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $439M |
| Short-Term Investments | $0 |
| Net Receivables | $134M |
| Inventory | $425M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $4.2B |
| Goodwill | $618M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $192M |
| TOTAL NON-CURRENT ASSETS | $5.0B |
| TOTAL ASSETS | $6.1B |
| Account Payables | $570M |
| Short-Term Debt | $54M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $934M |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $559M |
| Other Non-Current Liabilities | $194M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $73M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $6.1B |
| Total Debt | $1.7B |
| Net Debt | $1.2B |
