| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $57.8B | $78.9B | $54.4B | -26.8% | 6.2% |
| Op. Income | $2.0B | $2.8B | $1.8B | -28.7% | 13.3% |
| Gross Margin | 12.7% | 12.3% | 12.2% | 0.4pp | 0.5pp |
| Net Margin | 2.7% | 2.7% | 2.5% | 0.0pp | 0.2pp |
| EPS (Diluted) | $3.58 | $4.86 | $3.07 | -26.3% | 16.6% |
| Free Cash Flow | $3.6B | $2.2B | $1.6B | 66.5% | 132.5% |
| Item | Amount |
|---|---|
| REVENUE | $57.8B |
| Cost of Revenue | $50.5B |
| GROSS PROFIT | $7.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.4B |
| Other Expenses | $0 |
| Operating Expenses | $5.4B |
| Cost & Expenses | $55.8B |
| OPERATING INCOME | $2.0B |
| Interest Income | $157M |
| Interest Expense | $38M |
| Other Income/Expenses | $122M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $517M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $501M |
| EBIT | $2.1B |
| EBITDA | $2.6B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $57.8B |
| Cost of Revenue | $50.5B |
| GROSS PROFIT | $7.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.4B |
| Other Expenses | $0 |
| Operating Expenses | $5.4B |
| Cost & Expenses | $55.8B |
| OPERATING INCOME | $2.0B |
| Interest Income | $157M |
| Interest Expense | $38M |
| Other Income/Expenses | $122M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $517M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $501M |
| EBIT | $2.1B |
| EBITDA | $2.6B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $1.6B |
| Depreciation & Amortization | $501M |
| Stock-Based Compensation | $444M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $117M |
| Change in Working Capital | $2.0B |
| OPERATING CASH FLOW | $4.7B |
| Capital Expenditure | -$1.0B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$200M |
| Sales/Maturities of Investments | $878M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$366M |
| Net Debt Issuance | $385M |
| Common Stock Repurchased | -$162M |
| Common Dividends Paid | -$905M |
| Other Financing Activities | -$292M |
| NET CASH FROM FINANCING | -$974M |
| FREE CASH FLOW | $3.6B |
| Net Change in Cash | $3.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17.0B |
| Short-Term Investments | $853M |
| Net Receivables | $2.5B |
| Inventory | $18.0B |
| Other Current Assets | $1.7B |
| TOTAL CURRENT ASSETS | $40.1B |
| PP&E (Net) | $29.8B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.8B |
| TOTAL NON-CURRENT ASSETS | $33.6B |
| TOTAL ASSETS | $73.7B |
| Account Payables | $20.4B |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8.7B |
| TOTAL CURRENT LIABILITIES | $36.8B |
| Long-Term Debt | $5.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.5B |
| TOTAL NON-CURRENT LIABILITIES | $10.8B |
| TOTAL LIABILITIES | $47.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $7.5B |
| Retained Earnings | $20.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $26.1B |
| TOTAL LIABILITIES & EQUITY | $73.7B |
| Total Debt | $9.3B |
| Net Debt | -$7.7B |
