| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $3.4B | $2.2B | -12.5% | 31.0% |
| Op. Income | $953M | $1.5B | $268M | -36.0% | 255.6% |
| Gross Margin | 54.0% | 64.1% | 37.6% | -10.1pp | 16.4pp |
| Net Margin | 25.7% | 35.3% | 10.0% | -9.5pp | 15.7pp |
| EPS (Diluted) | $4.78 | $7.50 | $1.42 | -36.3% | 236.6% |
| Free Cash Flow | $346M | $569M | $246M | -39.2% | 40.7% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $633M |
| Operating Expenses | $633M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $953M |
| Interest Income | $241M |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $953M |
| Income Tax Expense | $198M |
| NET INCOME | $755M |
| D&A | $34M |
| EBIT | $966M |
| EBITDA | $1.0B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $633M |
| Operating Expenses | $633M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $953M |
| Interest Income | $241M |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $953M |
| Income Tax Expense | $198M |
| NET INCOME | $755M |
| D&A | $34M |
| EBIT | $966M |
| EBITDA | $1.0B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $755M |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $137M |
| Other Non-Cash Items | -$597M |
| Change in Working Capital | $24M |
| OPERATING CASH FLOW | $353M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.1B |
| Sales/Maturities of Investments | $730M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$355M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$75M |
| Common Dividends Paid | -$116M |
| Other Financing Activities | -$95M |
| NET CASH FROM FINANCING | -$286M |
| FREE CASH FLOW | $346M |
| Net Change in Cash | -$288M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $619M |
| Short-Term Investments | $963M |
| Net Receivables | $3.7B |
| Inventory | $0 |
| Other Current Assets | -$5.4B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $211M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $25.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$25.9B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $33.7B |
| Account Payables | $0 |
| Short-Term Debt | $25M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$25M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $848M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.5B |
| Other Non-Current Liabilities | -$2.3B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $21.1B |
| Common Stock | $397M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $13.7B |
| Treasury Stock | -$2.5B |
| Accum. Other Comp. Income | -$442M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $12.7B |
| TOTAL LIABILITIES & EQUITY | $33.7B |
| Total Debt | $873M |
| Net Debt | $254M |
