| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $893M | $917M | $867M | -2.6% | 3.0% |
| Op. Income | $216M | $219M | $193M | -1.3% | 11.8% |
| Gross Margin | 34.0% | 33.9% | 33.2% | 0.1pp | 0.8pp |
| Net Margin | 19.7% | 20.9% | 14.0% | -1.2pp | 5.7pp |
| EPS (Diluted) | $4.19 | $4.77 | $3.07 | -12.2% | 36.5% |
| Free Cash Flow | $201M | -$520M | $203M | 138.7% | -1.2% |
| Item | Amount |
|---|---|
| REVENUE | $893M |
| Cost of Revenue | $590M |
| GROSS PROFIT | $304M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $88M |
| Other Expenses | $0 |
| Operating Expenses | $88M |
| Cost & Expenses | $677M |
| OPERATING INCOME | $216M |
| Interest Income | $14M |
| Interest Expense | $19M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $207M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $176M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $176M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $176M |
| D&A | $83M |
| EBIT | $226M |
| EBITDA | $309M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $893M |
| Cost of Revenue | $590M |
| GROSS PROFIT | $304M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $88M |
| Other Expenses | $0 |
| Operating Expenses | $88M |
| Cost & Expenses | $677M |
| OPERATING INCOME | $216M |
| Interest Income | $14M |
| Interest Expense | $19M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $207M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $176M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $176M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $176M |
| D&A | $83M |
| EBIT | $226M |
| EBITDA | $309M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $176M |
| Depreciation & Amortization | $83M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$58M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $201M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$78M |
| NET CASH FROM INVESTING | -$78M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$159M |
| NET CASH FROM FINANCING | -$159M |
| FREE CASH FLOW | $201M |
| Net Change in Cash | -$36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $171M |
| Short-Term Investments | $631M |
| Net Receivables | $195M |
| Inventory | $117M |
| Other Current Assets | $33M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $3.5B |
| Goodwill | $0 |
| Intangible Assets | $88M |
| Long-Term Investments | $301M |
| Tax Assets | $21M |
| Other Non-Current Assets | $32M |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $5.2B |
| Account Payables | $206M |
| Short-Term Debt | $233M |
| Deferred Revenue | $712M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $46M |
| Other Non-Current Liabilities | $235M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $31M |
| Additional Paid-In Capital | $210M |
| Retained Earnings | $2.2B |
| Treasury Stock | -$244M |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $1.7B |
| Net Debt | $1.5B |
