| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15.8B | $17.1B | $15.9B | -7.4% | -0.4% |
| Op. Income | $3.5B | $3.1B | $2.7B | 12.3% | 28.9% |
| Gross Margin | 37.0% | 33.8% | 34.9% | 3.2pp | 2.0pp |
| Net Margin | 18.1% | 15.7% | 12.2% | 2.4pp | 5.8pp |
| EPS (Diluted) | $5.75 | $5.28 | $3.74 | 8.9% | 53.7% |
| Free Cash Flow | $1.3B | $3.1B | $823M | -58.2% | 59.9% |
| Item | Amount |
|---|---|
| REVENUE | $15.8B |
| Cost of Revenue | $10.0B |
| GROSS PROFIT | $5.8B |
| R&D Expenses | $520M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.6B |
| Other Expenses | $223M |
| Operating Expenses | $2.3B |
| Cost & Expenses | $12.3B |
| OPERATING INCOME | $3.5B |
| Interest Income | $136M |
| Interest Expense | $122M |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | $3.5B |
| Income Tax Expense | $688M |
| Net Income from Continuing Ops | $2.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.9B |
| D&A | $524M |
| EBIT | $3.7B |
| EBITDA | $4.2B |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| REVENUE | $15.8B |
| Cost of Revenue | $10.0B |
| GROSS PROFIT | $5.8B |
| R&D Expenses | $520M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.6B |
| Other Expenses | $223M |
| Operating Expenses | $2.3B |
| Cost & Expenses | $12.3B |
| OPERATING INCOME | $3.5B |
| Interest Income | $136M |
| Interest Expense | $122M |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | $3.5B |
| Income Tax Expense | $688M |
| Net Income from Continuing Ops | $2.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.9B |
| D&A | $524M |
| EBIT | $3.7B |
| EBITDA | $4.2B |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| Net Income | $2.9B |
| Depreciation & Amortization | $524M |
| Stock-Based Compensation | $44M |
| Deferred Income Tax | -$54M |
| Other Non-Cash Items | -$113M |
| Change in Working Capital | -$1.2B |
| OPERATING CASH FLOW | $2.1B |
| Capital Expenditure | -$736M |
| Acquisitions (Net) | $42M |
| Purchases of Investments | -$275M |
| Sales/Maturities of Investments | $1.9B |
| Other Investing Activities | $60M |
| NET CASH FROM INVESTING | $958M |
| Net Debt Issuance | $111M |
| Common Stock Repurchased | -$4.5B |
| Common Dividends Paid | -$648M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5.0B |
| FREE CASH FLOW | $1.3B |
| Net Change in Cash | -$2.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.0B |
| Short-Term Investments | $0 |
| Net Receivables | $18.7B |
| Inventory | $17.0B |
| Other Current Assets | $3.0B |
| TOTAL CURRENT ASSETS | $43.7B |
| PP&E (Net) | $12.5B |
| Goodwill | $5.3B |
| Intangible Assets | $516M |
| Long-Term Investments | $17.4B |
| Tax Assets | $2.9B |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $40.1B |
| TOTAL ASSETS | $83.7B |
| Account Payables | $7.8B |
| Short-Term Debt | $13.0B |
| Deferred Revenue | $2.2B |
| Other Current Liabilities | $3.3B |
| TOTAL CURRENT LIABILITIES | $32.4B |
| Long-Term Debt | $24.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8.9B |
| TOTAL NON-CURRENT LIABILITIES | $33.7B |
| TOTAL LIABILITIES | $66.1B |
| Common Stock | $5.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $54.1B |
| Treasury Stock | -$40.0B |
| Accum. Other Comp. Income | -$2.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.6B |
| Minority Interest | $6M |
| TOTAL EQUITY | $17.6B |
| TOTAL LIABILITIES & EQUITY | $83.7B |
| Total Debt | $37.9B |
| Net Debt | $32.9B |
