| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $599M | $664M | $566M | -9.8% | 5.8% |
| Op. Income | $194M | $252M | $200M | -23.0% | -3.0% |
| Gross Margin | 88.2% | 87.7% | 88.0% | 0.4pp | 0.2pp |
| Net Margin | 30.7% | 37.6% | 32.5% | -6.8pp | -1.8pp |
| EPS (Diluted) | $1.60 | $2.15 | $1.52 | -25.6% | 5.3% |
| Free Cash Flow | $355M | $234M | $381M | 51.3% | -7.1% |
| Item | Amount |
|---|---|
| REVENUE | $599M |
| Cost of Revenue | $71M |
| GROSS PROFIT | $528M |
| R&D Expenses | $99M |
| Selling & Marketing | $206M |
| General & Administrative | $29M |
| SG&A Expenses | $235M |
| Other Expenses | $0 |
| Operating Expenses | $334M |
| Cost & Expenses | $405M |
| OPERATING INCOME | $194M |
| Interest Income | $23M |
| Interest Expense | $0 |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | $217M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $184M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $184M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $184M |
| D&A | $21M |
| EBIT | $194M |
| EBITDA | $215M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $599M |
| Cost of Revenue | $71M |
| GROSS PROFIT | $528M |
| R&D Expenses | $99M |
| Selling & Marketing | $206M |
| General & Administrative | $29M |
| SG&A Expenses | $235M |
| Other Expenses | $0 |
| Operating Expenses | $334M |
| Cost & Expenses | $405M |
| OPERATING INCOME | $194M |
| Interest Income | $23M |
| Interest Expense | $0 |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | $217M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $184M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $184M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $184M |
| D&A | $21M |
| EBIT | $194M |
| EBITDA | $215M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $184M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $42M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $125M |
| OPERATING CASH FLOW | $361M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$325M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $45M |
| NET CASH FROM FINANCING | -$281M |
| FREE CASH FLOW | $355M |
| Net Change in Cash | $76M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $537M |
| Short-Term Investments | $1.1B |
| Net Receivables | $386M |
| Inventory | $0 |
| Other Current Assets | $79M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $80M |
| Goodwill | $0 |
| Intangible Assets | $1.7B |
| Long-Term Investments | $1.4B |
| Tax Assets | $91M |
| Other Non-Current Assets | $100M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $5.5B |
| Account Payables | $434M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.3B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $479M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $480M |
| TOTAL NON-CURRENT LIABILITIES | $959M |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $800.0K |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | $13.4B |
| Treasury Stock | -$13.4B |
| Accum. Other Comp. Income | -$39M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $5.5B |
| Total Debt | $0 |
| Net Debt | -$537M |
