| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.1B | $1.1B | -8.1% | -1.8% |
| Op. Income | $90M | $99M | $92M | -9.0% | -2.7% |
| Gross Margin | 42.1% | 40.0% | 40.3% | 2.1pp | 1.8pp |
| Net Margin | 4.8% | 8.1% | 7.2% | -3.3pp | -2.4pp |
| EPS (Diluted) | $0.34 | $0.62 | $0.51 | -45.2% | -33.3% |
| Free Cash Flow | $247M | $173M | -$296M | 43.1% | 183.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $601M |
| GROSS PROFIT | $437M |
| R&D Expenses | $164M |
| Selling & Marketing | $128M |
| General & Administrative | $55M |
| SG&A Expenses | $183M |
| Other Expenses | $0 |
| Operating Expenses | $347M |
| Cost & Expenses | $948M |
| OPERATING INCOME | $90M |
| Interest Income | $15M |
| Interest Expense | $24M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $72M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $33M |
| EBIT | $95M |
| EBITDA | $128M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $601M |
| GROSS PROFIT | $437M |
| R&D Expenses | $164M |
| Selling & Marketing | $128M |
| General & Administrative | $55M |
| SG&A Expenses | $183M |
| Other Expenses | $0 |
| Operating Expenses | $347M |
| Cost & Expenses | $948M |
| OPERATING INCOME | $90M |
| Interest Income | $15M |
| Interest Expense | $24M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $72M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $33M |
| EBIT | $95M |
| EBITDA | $128M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $50M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $38M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $18M |
| Change in Working Capital | $130M |
| OPERATING CASH FLOW | $264M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$21M |
| Sales/Maturities of Investments | $54M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | $18M |
| Net Debt Issuance | -$981.0K |
| Common Stock Repurchased | -$38M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$32M |
| FREE CASH FLOW | $247M |
| Net Change in Cash | $254M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $107M |
| Net Receivables | $1.0B |
| Inventory | $985M |
| Other Current Assets | $43M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $316M |
| Goodwill | $445M |
| Intangible Assets | $196M |
| Long-Term Investments | $104M |
| Tax Assets | $814M |
| Other Non-Current Assets | $133M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $5.6B |
| Account Payables | $316M |
| Short-Term Debt | $12M |
| Deferred Revenue | $167M |
| Other Current Liabilities | $194M |
| TOTAL CURRENT LIABILITIES | $841M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $77M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $176M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $6.3B |
| Retained Earnings | -$3.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $5.6B |
| Total Debt | $1.6B |
| Net Debt | $344M |
