| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $954M | $773M | 71.7% | 112.0% |
| Op. Income | $760M | $116M | -$124M | 557.8% | 713.9% |
| Gross Margin | 75.0% | 71.1% | 67.0% | 3.9pp | 8.0pp |
| Net Margin | 71.8% | 28.7% | -10.2% | 43.2pp | 82.0pp |
| EPS (Diluted) | $4.40 | $1.05 | $-0.34 | 319.0% | 1394.1% |
| Free Cash Flow | $411M | -$16M | $463M | 2637.4% | -11.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $409M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $358M |
| Selling & Marketing | $63M |
| General & Administrative | $131M |
| SG&A Expenses | $194M |
| Other Expenses | -$84M |
| Operating Expenses | $468M |
| Cost & Expenses | $877M |
| OPERATING INCOME | $760M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | $677M |
| INCOME BEFORE TAX | $1.4B |
| Income Tax Expense | $261M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $29M |
| EBIT | $1.5B |
| EBITDA | $1.5B |
| EPS | $5 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $409M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $358M |
| Selling & Marketing | $63M |
| General & Administrative | $131M |
| SG&A Expenses | $194M |
| Other Expenses | -$84M |
| Operating Expenses | $468M |
| Cost & Expenses | $877M |
| OPERATING INCOME | $760M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | $677M |
| INCOME BEFORE TAX | $1.4B |
| Income Tax Expense | $261M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $29M |
| EBIT | $1.5B |
| EBITDA | $1.5B |
| EPS | $5 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $1.2B |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $225M |
| Deferred Income Tax | $214M |
| Other Non-Cash Items | -$759M |
| Change in Working Capital | -$474M |
| OPERATING CASH FLOW | $411M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$135.0K |
| Sales/Maturities of Investments | $52M |
| Other Investing Activities | -$177M |
| NET CASH FROM INVESTING | -$126M |
| Net Debt Issuance | $1.2B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $632M |
| NET CASH FROM FINANCING | $1.9B |
| FREE CASH FLOW | $411M |
| Net Change in Cash | $2.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.7B |
| Short-Term Investments | $602M |
| Net Receivables | $1.1B |
| Inventory | $0 |
| Other Current Assets | $335.3B |
| TOTAL CURRENT ASSETS | $343.8B |
| PP&E (Net) | $203M |
| Goodwill | $1.1B |
| Intangible Assets | $80M |
| Long-Term Investments | $1.9B |
| Tax Assets | $880M |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $4.2B |
| TOTAL ASSETS | $348.0B |
| Account Payables | $27M |
| Short-Term Debt | $273M |
| Deferred Revenue | $334.7B |
| Other Current Liabilities | $315M |
| TOTAL CURRENT LIABILITIES | $335.7B |
| Long-Term Debt | $4.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $4.2B |
| TOTAL LIABILITIES | $340.0B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $4.6B |
| Retained Earnings | $3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$37M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.1B |
| TOTAL LIABILITIES & EQUITY | $348.0B |
| Total Debt | $4.5B |
| Net Debt | -$2.2B |
