| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $697M | $693M | $640M | 0.6% | 8.8% |
| Op. Income | $162M | $121M | $211M | 33.9% | -23.4% |
| Gross Margin | 70.0% | 70.1% | 77.4% | -0.1pp | -7.4pp |
| Net Margin | 19.5% | 14.8% | 27.7% | 4.7pp | -8.3pp |
| EPS (Diluted) | $2.06 | $1.55 | $2.69 | 32.9% | -23.4% |
| Free Cash Flow | $450M | -$124M | $122M | 464.4% | 268.3% |
| Item | Amount |
|---|---|
| REVENUE | $697M |
| Cost of Revenue | $209M |
| GROSS PROFIT | $488M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $199M |
| SG&A Expenses | $199M |
| Other Expenses | $128M |
| Operating Expenses | $326M |
| Cost & Expenses | $535M |
| OPERATING INCOME | $162M |
| Interest Income | $586M |
| Interest Expense | $195M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $162M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $136M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $136M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $132M |
| D&A | $20M |
| EBIT | $162M |
| EBITDA | $182M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $697M |
| Cost of Revenue | $209M |
| GROSS PROFIT | $488M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $199M |
| SG&A Expenses | $199M |
| Other Expenses | $128M |
| Operating Expenses | $326M |
| Cost & Expenses | $535M |
| OPERATING INCOME | $162M |
| Interest Income | $586M |
| Interest Expense | $195M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $162M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $136M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $136M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $132M |
| D&A | $20M |
| EBIT | $162M |
| EBITDA | $182M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $136M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $21M |
| Change in Working Capital | $312M |
| OPERATING CASH FLOW | $488M |
| Capital Expenditure | -$38M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$927M |
| Sales/Maturities of Investments | $2.2B |
| Other Investing Activities | -$566M |
| NET CASH FROM INVESTING | $621M |
| Net Debt Issuance | -$157M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$60M |
| Other Financing Activities | -$1.1B |
| NET CASH FROM FINANCING | -$1.3B |
| FREE CASH FLOW | $450M |
| Net Change in Cash | -$223M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.4B |
| Short-Term Investments | $15.2B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $23.6B |
| PP&E (Net) | $1.2B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $22.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.0B |
| TOTAL NON-CURRENT ASSETS | $25.9B |
| TOTAL ASSETS | $49.5B |
| Account Payables | $0 |
| Short-Term Debt | $4.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $40.8B |
| TOTAL CURRENT LIABILITIES | $44.8B |
| Long-Term Debt | $223M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $854M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $45.9B |
| Common Stock | $644.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $3.7B |
| Treasury Stock | -$18M |
| Accum. Other Comp. Income | -$1.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.6B |
| TOTAL LIABILITIES & EQUITY | $49.5B |
| Total Debt | $4.2B |
| Net Debt | -$4.2B |
