| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | $1.4B | -1.6% | 5.1% |
| Op. Income | $305M | $216M | $292M | 41.1% | 4.5% |
| Gross Margin | 45.7% | 44.6% | 43.5% | 1.1pp | 2.2pp |
| Net Margin | 15.1% | 10.1% | 14.2% | 5.1pp | 0.9pp |
| EPS (Diluted) | $0.93 | $0.62 | $0.82 | 50.0% | 13.4% |
| Free Cash Flow | $217M | $134M | $248M | 62.3% | -12.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $816M |
| GROSS PROFIT | $687M |
| R&D Expenses | $0 |
| Selling & Marketing | $152M |
| General & Administrative | $230M |
| SG&A Expenses | $382M |
| Other Expenses | $0 |
| Operating Expenses | $382M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $305M |
| Interest Income | $3M |
| Interest Expense | $25M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $284M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $228M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $228M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $228M |
| D&A | $58M |
| EBIT | $309M |
| EBITDA | $367M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $816M |
| GROSS PROFIT | $687M |
| R&D Expenses | $0 |
| Selling & Marketing | $152M |
| General & Administrative | $230M |
| SG&A Expenses | $382M |
| Other Expenses | $0 |
| Operating Expenses | $382M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $305M |
| Interest Income | $3M |
| Interest Expense | $25M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $284M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $228M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $228M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $228M |
| D&A | $58M |
| EBIT | $309M |
| EBITDA | $367M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $228M |
| Depreciation & Amortization | $58M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$52M |
| OPERATING CASH FLOW | $263M |
| Capital Expenditure | -$46M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$500.0K |
| NET CASH FROM INVESTING | -$47M |
| Net Debt Issuance | -$200M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$69M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$209M |
| FREE CASH FLOW | $217M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $350M |
| Short-Term Investments | $0 |
| Net Receivables | $545M |
| Inventory | $595M |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $939M |
| Goodwill | $2.4B |
| Intangible Assets | $3.3B |
| Long-Term Investments | $12M |
| Tax Assets | $0 |
| Other Non-Current Assets | $373M |
| TOTAL NON-CURRENT ASSETS | $7.0B |
| TOTAL ASSETS | $8.6B |
| Account Payables | $647M |
| Short-Term Debt | $31M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $371M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $744M |
| Other Non-Current Liabilities | $179M |
| TOTAL NON-CURRENT LIABILITIES | $3.3B |
| TOTAL LIABILITIES | $4.5B |
| Common Stock | $294M |
| Additional Paid-In Capital | $498M |
| Retained Earnings | $6.2B |
| Treasury Stock | -$2.8B |
| Accum. Other Comp. Income | -$29M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $8.6B |
| Total Debt | $2.4B |
| Net Debt | $2.1B |
