| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.4B | $3.4B | $3.1B | -1.5% | 8.4% |
| Op. Income | $427M | $460M | $371M | -7.2% | 15.1% |
| Gross Margin | 33.6% | 34.7% | 35.0% | -1.1pp | -1.4pp |
| Net Margin | 10.0% | 10.7% | 9.5% | -0.7pp | 0.5pp |
| EPS (Diluted) | $1.24 | $1.35 | $1.09 | -8.1% | 13.8% |
| Free Cash Flow | $484M | $497M | $416M | -2.6% | 16.3% |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $712M |
| Operating Expenses | $712M |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $427M |
| Interest Income | $0 |
| Interest Expense | $35M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $427M |
| Income Tax Expense | $89M |
| Net Income from Continuing Ops | $338M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $338M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $338M |
| D&A | $16M |
| EBIT | $462M |
| EBITDA | $478M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $712M |
| Operating Expenses | $712M |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $427M |
| Interest Income | $0 |
| Interest Expense | $35M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $427M |
| Income Tax Expense | $89M |
| Net Income from Continuing Ops | $338M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $338M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $338M |
| D&A | $16M |
| EBIT | $462M |
| EBITDA | $478M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $338M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $39M |
| Other Non-Cash Items | -$132M |
| Change in Working Capital | $243M |
| OPERATING CASH FLOW | $504M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | -$65M |
| Purchases of Investments | -$1.8B |
| Sales/Maturities of Investments | $1.6B |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | -$249M |
| Net Debt Issuance | $490M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$667M |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$189M |
| FREE CASH FLOW | $484M |
| Net Change in Cash | $64M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $409M |
| Short-Term Investments | $3.2B |
| Net Receivables | $9.0B |
| Inventory | $0 |
| Other Current Assets | -$12.6B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $256M |
| Goodwill | $146M |
| Intangible Assets | $0 |
| Long-Term Investments | $45.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $19.1B |
| TOTAL NON-CURRENT ASSETS | $65.1B |
| TOTAL ASSETS | $65.1B |
| Account Payables | $0 |
| Short-Term Debt | $550M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$550M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $4.6B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$7.6B |
| TOTAL NON-CURRENT LIABILITIES | $55.4B |
| TOTAL LIABILITIES | $55.4B |
| Common Stock | $683M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $9.4B |
| Treasury Stock | -$75M |
| Accum. Other Comp. Income | -$2.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.7B |
| TOTAL LIABILITIES & EQUITY | $65.1B |
| Total Debt | $3.5B |
| Net Debt | $3.1B |
