| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.6B | $1.6B | -2.4% | 1.3% |
| Op. Income | $215M | $178M | $206M | 20.7% | 4.5% |
| Gross Margin | 40.2% | 39.3% | 39.7% | 0.9pp | 0.5pp |
| Net Margin | 10.4% | 4.6% | 7.5% | 5.8pp | 2.9pp |
| EPS (Diluted) | $1.59 | $0.81 | $1.26 | 96.3% | 26.5% |
| Free Cash Flow | $117M | $36M | $132M | 224.8% | -11.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $951M |
| GROSS PROFIT | $641M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $425M |
| Other Expenses | $0 |
| Operating Expenses | $425M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $215M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $223M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $166M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $166M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $166M |
| D&A | $47M |
| EBIT | $215M |
| EBITDA | $262M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $951M |
| GROSS PROFIT | $641M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $425M |
| Other Expenses | $0 |
| Operating Expenses | $425M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $215M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $223M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $166M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $166M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $166M |
| D&A | $47M |
| EBIT | $215M |
| EBITDA | $262M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $166M |
| Depreciation & Amortization | $47M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $57M |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | -$69M |
| OPERATING CASH FLOW | $194M |
| Capital Expenditure | -$77M |
| Acquisitions (Net) | $100.0K |
| Purchases of Investments | -$187M |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$263M |
| Net Debt Issuance | -$601.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$155M |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$165M |
| FREE CASH FLOW | $117M |
| Net Change in Cash | -$234M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $401M |
| Short-Term Investments | $184M |
| Net Receivables | $679M |
| Inventory | $361M |
| Other Current Assets | $65M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $1.4B |
| Goodwill | $166M |
| Intangible Assets | $818M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $156M |
| TOTAL NON-CURRENT ASSETS | $2.6B |
| TOTAL ASSETS | $4.3B |
| Account Payables | $347M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $115M |
| TOTAL CURRENT LIABILITIES | $918M |
| Long-Term Debt | $599M |
| Deferred Revenue NC | $99M |
| Deferred Tax Liabilities | $185M |
| Other Non-Current Liabilities | $793M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $13M |
| Additional Paid-In Capital | $136M |
| Retained Earnings | $1.5B |
| Treasury Stock | -$61M |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $4.3B |
| Total Debt | $728M |
| Net Debt | $327M |
