| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.8B | $6.8B | — | -29.1% | — |
| Op. Income | $984M | $1.3B | — | -26.2% | — |
| Gross Margin | 33.7% | 30.7% | — | 3.0pp | — |
| Net Margin | 7.6% | 9.1% | — | -1.4pp | — |
| EPS (Diluted) | $0.29 | $0.46 | — | -37.0% | — |
| Free Cash Flow | -$1.1B | $1.1B | — | -199.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $4.8B |
| Cost of Revenue | $3.2B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $228M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $411M |
| Other Expenses | $0 |
| Operating Expenses | $639M |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $984M |
| Interest Income | $0 |
| Interest Expense | $394M |
| Other Income/Expenses | -$538M |
| INCOME BEFORE TAX | $446M |
| Income Tax Expense | $77M |
| Net Income from Continuing Ops | $369M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $368M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $368M |
| D&A | $148M |
| EBIT | $796M |
| EBITDA | $944M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.8B |
| Cost of Revenue | $3.2B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $228M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $411M |
| Other Expenses | $0 |
| Operating Expenses | $639M |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $984M |
| Interest Income | $0 |
| Interest Expense | $394M |
| Other Income/Expenses | -$538M |
| INCOME BEFORE TAX | $446M |
| Income Tax Expense | $77M |
| Net Income from Continuing Ops | $369M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $368M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $368M |
| D&A | $148M |
| EBIT | $796M |
| EBITDA | $944M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $369M |
| Depreciation & Amortization | $148M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$1.4B |
| OPERATING CASH FLOW | -$894M |
| Capital Expenditure | -$202M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$217M |
| NET CASH FROM INVESTING | -$419M |
| Net Debt Issuance | $1.2B |
| Common Stock Repurchased | -$581M |
| Common Dividends Paid | -$1M |
| Other Financing Activities | -$326M |
| NET CASH FROM FINANCING | $319M |
| FREE CASH FLOW | -$1.1B |
| Net Change in Cash | -$1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.2B |
| Short-Term Investments | $0 |
| Net Receivables | $24.5B |
| Inventory | $6.2B |
| Other Current Assets | $723M |
| TOTAL CURRENT ASSETS | $34.7B |
| PP&E (Net) | $3.3B |
| Goodwill | $3.6B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $559M |
| Tax Assets | $977M |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $11.1B |
| TOTAL ASSETS | $45.7B |
| Account Payables | $3.2B |
| Short-Term Debt | $0 |
| Deferred Revenue | $55M |
| Other Current Liabilities | $415M |
| TOTAL CURRENT LIABILITIES | $5.2B |
| Long-Term Debt | $27.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $39M |
| Other Non-Current Liabilities | $4.3B |
| TOTAL NON-CURRENT LIABILITIES | $32.5B |
| TOTAL LIABILITIES | $37.7B |
| Common Stock | $25M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $10.2B |
| Treasury Stock | -$1.3B |
| Accum. Other Comp. Income | -$2.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.9B |
| Minority Interest | $120M |
| TOTAL EQUITY | $8.0B |
| TOTAL LIABILITIES & EQUITY | $45.7B |
| Total Debt | $28.1B |
| Net Debt | $24.9B |
