| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.9B | $5.0B | $5.1B | -2.9% | -4.5% |
| Op. Income | $328M | $435M | $355M | -24.6% | -7.7% |
| Gross Margin | 21.8% | 23.0% | 21.3% | -1.2pp | 0.5pp |
| Net Margin | 4.4% | 5.9% | 4.5% | -1.5pp | -0.1pp |
| EPS (Diluted) | $1.59 | $2.18 | $1.68 | -27.1% | -5.4% |
| Free Cash Flow | $411M | $503M | $334M | -18.4% | 23.0% |
| Item | Amount |
|---|---|
| REVENUE | $4.9B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $735M |
| Other Expenses | $0 |
| Operating Expenses | $735M |
| Cost & Expenses | $4.5B |
| OPERATING INCOME | $328M |
| Interest Income | $0 |
| Interest Expense | $51M |
| Other Income/Expenses | -$51M |
| INCOME BEFORE TAX | $277M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $216M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $216M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $216M |
| D&A | $67M |
| EBIT | $328M |
| EBITDA | $395M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $4.9B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $735M |
| Other Expenses | $0 |
| Operating Expenses | $735M |
| Cost & Expenses | $4.5B |
| OPERATING INCOME | $328M |
| Interest Income | $0 |
| Interest Expense | $51M |
| Other Income/Expenses | -$51M |
| INCOME BEFORE TAX | $277M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $216M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $216M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $216M |
| D&A | $67M |
| EBIT | $328M |
| EBITDA | $395M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $216M |
| Depreciation & Amortization | $67M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $142M |
| OPERATING CASH FLOW | $440M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | -$200.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$52M |
| Common Dividends Paid | -$83M |
| Other Financing Activities | -$57M |
| NET CASH FROM FINANCING | -$193M |
| FREE CASH FLOW | $411M |
| Net Change in Cash | $215M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $804M |
| Short-Term Investments | $0 |
| Net Receivables | $4.8B |
| Inventory | $671M |
| Other Current Assets | $367M |
| TOTAL CURRENT ASSETS | $6.6B |
| PP&E (Net) | $325M |
| Goodwill | $4.4B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $493M |
| TOTAL NON-CURRENT ASSETS | $6.6B |
| TOTAL ASSETS | $13.2B |
| Account Payables | $2.7B |
| Short-Term Debt | $605M |
| Deferred Revenue | $470M |
| Other Current Liabilities | $815M |
| TOTAL CURRENT LIABILITIES | $5.3B |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $162M |
| Other Non-Current Liabilities | $436M |
| TOTAL NON-CURRENT LIABILITIES | $5.8B |
| TOTAL LIABILITIES | $11.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.7B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$133M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $13.2B |
| Total Debt | $5.8B |
| Net Debt | $5.0B |
